Spacious Two-Family Home,
842 Belmont Avenue Brooklyn, NY 11208
For Sale
$970,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,616 SF
Lot Size0.04 Acres
Price / SF$600.25
Days on Market156
Property Features for 842 Belmont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2
Interior features
Central Air, Dishwasher, Fireplace, Laundry Area, Refrigerator, Stove, Washer
Fireplace
1
Basement
Finished
Standard status
Active
Size
1,616 SF
Lot size
0.04 Acres
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Asphalt, Flat
Architectural style
Other
Listing Agency:
Century 21 Achievers
(718) 758-0600
Listed By:
Tia Clarke
(718) 758-0600
Added: Feb 21
Changed: Jul 26
Last Checked: Jul 27 at 9:06AM
MLS# 499104
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 East New York, this two-family home at 842 Belmont Avenue offers an opportunity for homeowners and investors seeking rental potential in Brooklyn. The property features a three-bedroom, one-bathroom apartment on the top floor, enhanced by a skylight and hardwood floors. The first floor includes a two-bedroom, one-bathroom apartment with a layout suitable for tenants or extended family, and an enclosed fireplace. The home also features a finished basement with a separate entrance, providing flexible space for recreation or a home office. Interior finishes include granite countertops, stainless steel appliances, and hardwood flooring. A washer and dryer are included. The outdoor space features a paved backyard. The property is located near transportation, including the L train at Sutter Ave, the 2 and 3 trains at Saratoga Ave, and bus lines B12, B14, B20, and B60. Nearby schools include East New York Middle School of Excellence, PS 345, and PS 202. The property size is 1616 square feet and the lot size is 0.0413 acres.
Key Highlights
- Two‑family home at 842 Belmont Avenue with a three‑bedroom, one‑bath apartment on the top floor and a two‑bedroom, one‑bath apartment on the first floor
- Finished basement with extra flexible space and a separate entrance
- Hardwood flooring throughout and central air
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 | $62.1k | $38.40 |
| − Vacancy | −$2.8k | −$1.73 |
| EGI | $59.3k | $36.67 |
| − OpEx | −$17.8k | −$11.00 |
| NOI | $41.5k | $25.67 |
1,616 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.4K
NOI $41,483 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$988.8K
$865.2K – $1.15M
NOI $69,215 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in East New York with rental potential.
Where is this duplex located?
The property is located at 842 Belmont Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two‑family home at 842 Belmont Avenue with a three‑bedroom, one‑bath apartment on the top floor and a two‑bedroom, one‑bath apartment on the first floor; Finished basement with extra flexible space and a separate entrance; Hardwood flooring throughout and central air
