Renovated Two-Family Brick
New
For Sale
$899,000
8514 Avenue J, Brooklyn, NY 11236
Two separate residences include updated kitchens and baths, plus a finished basement with its own rear entrance.
Property Size1,800 SF
Days on Market5
Property Features for 8514 Avenue J
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,995
Amenities
high ceilings
modern kitchens
updated bathrooms
fully finished basement
separate rear entrance
backyard
tankless water heating
Building Details
Building Size
1,800 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Ithamar Benshabat · License #10401294564
(718) 612-3088
Source:
Elliman
Added: Oct 7
Last Checked: Oct 9 at 10:09PM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This semi-detached brick duplex contains two residences arranged as a three-bedroom unit over a two-bedroom unit. Both apartments have high ceilings, updated kitchens, and renovated bathrooms. A gut renovation was completed approximately 10 years ago, and the property has been maintained by its current owners. The finished basement adds a room and bathroom, with a separate entrance at the rear opening to the backyard. Navien tankless water-heating systems have been installed, and the property is slated for delivery vacant at closing.
Built in 1925, the building has an 18-by-50-foot footprint. Walk Score is 93, Transit Score is 79, and Bike Score is 58.
Built in 1925, the building has an 18-by-50-foot footprint. Walk Score is 93, Transit Score is 79, and Bike Score is 58.
Key Highlights
- Two‑family brick duplex with three bedrooms over two bedrooms
- Gut renovation completed approximately 10 years ago
- Finished basement includes an additional room, bathroom, and separate rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,039
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,780
$1.3M
Cap Rate 7%
$900,557
$900.6K
Cap Rate 9%
$700,433
$700.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$91.8K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.1K $50.03/SF
− OpEx
−$27.0K −$15.01/SF
NOI
$63.0K $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%
$1,260,780
Cap Rate 7%
$900,557
Cap Rate 9%
$700,433
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 11.60%
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
2,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two separate residences include updated kitchens and baths, plus a finished basement with its own rear entrance.
Where is this duplex located?
The property is located at 8514 Avenue J Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family brick duplex with three bedrooms over two bedrooms; Gut renovation completed approximately 10 years ago; Finished basement includes an additional room, bathroom, and separate rear entrance
