Sunset Park Two-Family
775 48th Street Brooklyn, NY 11220
775 48th Street, Brooklyn, NY, 11220
$2,680,000
For Sale
$2,680,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,840 SF
Lot Size0.05 Acres
Price / SF$697.92
Days on Market258
Property Features for 775 48th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r6-c24
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 1
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,840 SF
- Lot size
- 0.05 Acres
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
ZaiYou (Joe) Zhu
(718) 612-3088
Added: Nov 7, 2025 Updated: Jun 10 at 3:41PM Checked: Jul 23 at 7:06AM
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.
Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, this three-story, two-family property includes a private driveway and yard. The property measures 20 feet by 64 feet and sits on a 20-foot by 100-foot lot. Zoned R6 with a C2-4 overlay, it has a residential FAR of 2.43 and a facility FAR of 4.8, offering live/rent options and potential for future development. This property presents a solid opportunity for end-users or investors in Sunset Park.
Key Highlights
- 2‑family, 3‑story property in Sunset Park
- Private driveway and yard
- Building dimensions: 20' × 64'
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 | $170.5k | $44.40 |
| − Vacancy | −$7.2k | −$1.86 |
| EGI | $163.3k | $42.54 |
| − OpEx | −$49.0k | −$12.76 |
| NOI | $114.3k | $29.77 |
3,840 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
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 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 - Two-family home in Sunset Park with private driveway and yard.
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: 2‑family, 3‑story property in Sunset Park; Private driveway and yard; Building dimensions: 20' × 64'
