Updated Two-Family
For Sale
$1,675,000
Pending
82 Kermit Place, Brooklyn, NY 11218
Three-level duplex property with a private yard, driveway parking, and a separate basement entrance.
Property Size3,120 SF
Days on Market61
Property Features for 82 Kermit Place
General Information
Standard status
Pending
Size
3,120 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,952
Building Details
Building Size
3,120 SF
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
RE/MAX Elite
Listed By:
Gennadiy Zemel
(718) 690-3900
Source:
Penrealty
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 10 at 2:00AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This two-family townhouse spans approximately 3,120 square feet across three levels, with 9 bedrooms and 5 full bathrooms. Recent updates include hardwood flooring, renovated bathrooms, and a roof replaced in 2022. The upper floor contains four bedrooms and two bathrooms, while the first floor offers three bedrooms, two bathrooms, and access to a private rear yard. The basement adds two bedrooms, a kitchen, a full bathroom, and a separate entrance, along with space that can serve as a guest area.
Additional features include exposed brick details, abundant natural light, and a private driveway. The property is located at 82 Kermit Pl in Brooklyn, NY 11218, across from Prospect Park and near neighborhood cafés, restaurants, boutique shopping, and the F and G trains. WalkScore is 93, TransitScore is 95, and bikeScore is 81.
Additional features include exposed brick details, abundant natural light, and a private driveway. The property is located at 82 Kermit Pl in Brooklyn, NY 11218, across from Prospect Park and near neighborhood cafés, restaurants, boutique shopping, and the F and G trains. WalkScore is 93, TransitScore is 95, and bikeScore is 81.
Key Highlights
- Approximately 3,120 square feet across 3 levels
- 9 bedrooms and 5 full bathrooms
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,268
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,360
$2.2M
Cap Rate 7%
$1,560,971
$1.6M
Cap Rate 9%
$1,214,089
$1.2M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$159.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.1K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.3K $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%
$2,185,360
Cap Rate 7%
$1,560,971
Cap Rate 9%
$1,214,089
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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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 - Three-level duplex property with a private yard, driveway parking, and a separate basement entrance.
Where is this duplex located?
The property is located at 82 Kermit Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Approximately 3,120 square feet across 3 levels; 9 bedrooms and 5 full bathrooms; Roof replaced in 2022
