Duplex with Multi-Car
New
For Sale
$3,000,000
740 Leonard Street, Brooklyn, NY 11222
Two apartments each offer two bedrooms, one bathroom, and an eat-in kitchen.
Property Size3,808 SF
Price / SF$787.82
Days on Market4
Property Features for 740 Leonard Street
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,475
Building Details
Building Size
3,808 SF
Year Built
1935
Listing Agency:
Compass
Listed By:
Sarah M Zelermyer Diaz
(917) 664-2374
Source:
Nobleblackandpartners
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:18PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1935, this detached, two-story duplex contains two apartments, each configured with two bedrooms and one bathroom. Both units have an eat-in kitchen, while the basement provides laundry and storage space. A full-width patio extends the outdoor area, and the attached two-bay garage measures nearly 1,000 square feet, with 11-foot ceilings and capacity for up to four vehicles. The property is to be delivered vacant at closing.
The building has 53 feet of frontage on Leonard Street. The Greenpoint Avenue G train is one block away, and the NYC Ferry provides another transit connection to Manhattan. Transmitter Park and Greenpoint Public Library are a few blocks from the property.
The building has 53 feet of frontage on Leonard Street. The Greenpoint Avenue G train is one block away, and the NYC Ferry provides another transit connection to Manhattan. Transmitter Park and Greenpoint Public Library are a few blocks from the property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Detached, two‑story building constructed in 1935
- 53‑foot frontage on Leonard Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,363
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,667,260
$2.7M
Cap Rate 7%
$1,905,186
$1.9M
Cap Rate 9%
$1,481,811
$1.5M
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$194.2K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$190.5K $50.03/SF
− OpEx
−$57.2K −$15.01/SF
NOI
$133.4K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,667,260
Cap Rate 7%
$1,905,186
Cap Rate 9%
$1,481,811
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.22M
NOI $133,363 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,254 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,712 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each offer two bedrooms, one bathroom, and an eat-in kitchen.
Where is this duplex located?
The property is located at 740 Leonard Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Detached, two‑story building constructed in 1935; 53‑foot frontage on Leonard Street
