Two-Family Brick Townhouse in Windsor
74 KERMIT Pl Brooklyn, NY 11218
74 KERMIT Pl, Brooklyn, NY, 11218
$1,649,000
Pending
For Sale
$1,649,000
Pending
Classic townhouse near Prospect Park, delivered vacant.
Property Size2,840 SF
Days on Market99
Property Features for 74 KERMIT Pl
General Information
- Standard status
- Pending
- Size
- 2,840 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
(929) 379-3750
Listed by
John Falce
(929) 379-3750
Source
Elliman
Added: Apr 15 Updated: Jul 10 at 12:37PM Checked: Jul 4 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Falce
Investment Insights
Based on property information with market context.
Located on a quiet, tree-lined block in Windsor Terrace, 74 Kermit Place is a two-family brick townhouse. The property, with approximately 2,840 square feet of total building area, is delivered vacant, offering flexibility for an end user, multi-generational living, or an income-producing setup. The home is arranged across multiple levels with a practical layout. The first floor features two bedrooms, living space, and kitchen areas, while the top floor offers three additional bedrooms. A finished lower level provides bonus space suitable for recreation, a home office, or storage. The property includes three full bathrooms and a mix of well-proportioned rooms. Kermit Place is known for its residential character and strong sense of community, and is located moments from Prospect Park and the neighborhood shops and cafés along Prospect Park West, Fort Hamilton Parkway, and Church Avenue. Convenient access to the F and G subway lines, along with nearby bus routes, facilitates commuting to Manhattan, Downtown Brooklyn, and surrounding neighborhoods. The location has a bike score of 81, walk score of 93, and transit score of 95.
Key Highlights
- Delivered vacant, offering flexibility for end‑users, multi‑generational living, or income‑producing setup.
- Prime Windsor Terrace location, close to Prospect Park, shops, cafes, and transportation.
- Excellent transit score (95) and walk score (93), providing convenient access to Manhattan, Downtown Brooklyn, and surrounding areas.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.8k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $142.1k | $50.03 |
| − OpEx | −$42.6k | −$15.01 |
| NOI | $99.5k | $35.02 |
2,840 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,462 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,702 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,606 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic townhouse near Prospect Park, delivered vacant.
Where is this duplex located?
The property is located at 74 KERMIT Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Delivered vacant, offering flexibility for end‑users, multi‑generational living, or income‑producing setup.; Prime Windsor Terrace location, close to Prospect Park, shops, cafes, and transportation.; Excellent transit score (95) and walk score (93), providing convenient access to Manhattan, Downtown Brooklyn, and surrounding areas.
