Three-Story Duplex with Private
775 48th Street, Brooklyn, NY 11220
For Sale
$2,680,000
Residential, Brooklyn, NY
Property Size3,840 SF
Lot Size0.05 Acres
Price / SF$697.92
Days on Market368
Property Features for 775 48th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Subdivision
Standard status
Size
Lot size
Amenities
private driveway
yard
Building Details
Buildings
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
ZaiYou (Joe) Zhu
(718) 612-3088
Added: Nov 7, 2025
Changed: Oct 29
Last Checked: Nov 9 at 10:06AM
MLS# 497189
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex at 775 48th Street is arranged across three stories and includes 3,840 square feet of building area. The property offers eight bedrooms and three bathrooms, along with a private driveway and yard. The building measures 20 feet by 64 feet and sits on a 20-foot by 100-foot lot.
The property is located in Brooklyn, NY 11220, and carries R6 zoning with a C2-4 commercial overlay. The stated Residential FAR is 2.43, while Facility FAR is 4.8. Its two-family configuration provides an existing residential setup with flexibility for owner occupancy or rental use.
The property is located in Brooklyn, NY 11220, and carries R6 zoning with a C2-4 commercial overlay. The stated Residential FAR is 2.43, while Facility FAR is 4.8. Its two-family configuration provides an existing residential setup with flexibility for owner occupancy or rental use.
Key Highlights
- Two‑family duplex arranged across 3 stories
- 3,840 square feet of building area
- Eight bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,335
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,700
$2.3M
Cap Rate 7%
$1,633,357
$1.6M
Cap Rate 9%
$1,270,389
$1.3M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$170.5K $44.40/SF
− Vacancy
−$7.2K −$1.86/SF
EGI
$163.3K $42.54/SF
− OpEx
−$49.0K −$12.76/SF
NOI
$114.3K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,700
Cap Rate 7%
$1,633,357
Cap Rate 9%
$1,270,389
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,335 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,400 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,256 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a private yard and driveway in Brooklyn.
Where is this duplex located?
The property is located at 775 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Two‑family duplex arranged across 3 stories; 3,840 square feet of building area; Eight bedrooms and 3 bathrooms
