Luxurious Detached Brooklyn
8426 23rd Avenue, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property size:
3,480 SFLot size:
0.08 AcresPrice / SF:
$459/SF- Added:
- May 2, 2026
- Days on Market:
- 21
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 8426 23rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
- Parking features
- Garage
- Interior features
- Central Air
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,480 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7166
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Michelle J. Zhang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 2, 2026
MLS# 501084
Listing URL
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.
HighLights
- Luxurious, fully detached, renovated brick residence in a desirable Brooklyn neighborhood.
- Grand primary suite with high ceilings, oversized private balcony, massive walk‑in closet, and luxurious en‑suite bathroom with jacuzzi tub.
- Private driveway and built‑in garage with parking for up to 5 vehicles.
- Finished lower level provides additional flexible space for recreation, home office, or extended family.
- Convenient location minutes from 86th Street shopping, restaurants, schools, and the D subway line.
- Separate heating and hot water systems, two gas meters, and two electric meters offer flexibility.
Overview
This fully detached two-family brick residence, currently configured as a grand one-family home, was completely renovated approximately 15 years ago. The first floor features a large living room, one bedroom, a well-appointed kitchen, a full bathroom, and access to the finished lower level. The basement provides additional space suitable for recreation, a home office, or extended family use. The second floor includes a primary suite with high ceilings, a private oversized balcony, and a large walk-in closet. The en-suite bathroom features a jacuzzi massage tub and a separate standing shower. An additional bedroom with its own bathroom and access to another private balcony is also located on this level. The home is equipped with separate heating and hot water systems, along with two gas meters and two electric meters. Exterior features include a private driveway and a built-in garage with parking for up to 5 vehicles. Located minutes from 86th Street, the property offers convenient access to shopping, restaurants, banks, schools, and the D subway line. The lot size is 0.0799 acres and the property size is 3,480 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$945.2K
NOI $85,067 @ 9.00% cap · cautious / downside scenario
Moderate
$1.22M
NOI $85,067 @ 7.00% cap · market / base-case scenario
Aggressive
$1.70M
NOI $85,067 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.8k | $46.20 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $154.7k | $44.44 |
| − OpEx | −$69.6k | −$20.00 |
| NOI | $85.1k | $24.44 |
3,480 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,067 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,104 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.990988
- Latitude
- 40.601477
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Renovated two-family home near 86th Street with parking.
Where is this single family property located?
The property is located at 8426 23rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Luxurious, fully detached, renovated brick residence in a desirable Brooklyn neighborhood.; Grand primary suite with high ceilings, oversized private balcony, massive walk‑in closet, and luxurious en‑suite bathroom with jacuzzi tub.; Private driveway and built‑in garage with parking for up to 5 vehicles.
