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:
- 70
- Last Refresh:
- Jul 10 at 12:06 pm
Property Features for 8426 23rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2
- Parking features
- Garage
- Interior features
- Central Air
- Basement
- Finished, Full
- 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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Fully detached two‑family brick home, currently configured as a grand one‑family residence
- Renovated approximately 15 years ago with central air; hardwood and tile flooring
- Primary suite includes oversized private balcony and massive walk‑in closet
Local Financial Insights For Apartment 5plus
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 | $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 Uses
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
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: Fully detached two‑family brick home, currently configured as a grand one‑family residence; Renovated approximately 15 years ago with central air; hardwood and tile flooring; Primary suite includes oversized private balcony and massive walk‑in closet
