Two-Family Residential Income
8644 25th Ave Brooklyn, NY 11214
8644 25th Ave, Brooklyn, NY, 11214
$1,338,888
For Sale
$1,338,888
Turnkey two-family home with separate utility meters and private outdoor space for both units.
Property Size2,680 SF
Price / SF$499.59
Days on Market28
Property Features for 8644 25th Ave
General Information
- Standard status
- Active
- Size
- 2,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency
Womcore LLC dba Remax Edge
(718) 612-3088
Listed by
Evangelos Theoharis · License #10401325496
(718) 612-3088
Source
Elliman
Added: Jun 20 Checked: Jul 17 at 5:52 am
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 well-maintained two-family home offers a total of 2,680 sq. ft. of living space with a full basement and a flexible layout across two separate units. On the main level, you’ll find a large living room and formal dining room, an updated kitchen, a half bathroom, and a dedicated laundry room. The primary suite on the upper level includes an extra-large bedroom, two additional bedrooms, and a full bathroom with a bidet. Hardwood flooring runs throughout the home and is ready to be refinished to restore the original finish. The lower unit features its own private, spacious layout with a large living room, a generous bedroom, and direct access to the rear yard.
Two sets of outdoor access include a front patio and a rear patio, creating usable space for both everyday living and entertaining. Investor-focused details include separate electric and gas meters for each unit and a full-length basement that provides substantial additional storage. The property is delivered fully vacant.
This configuration is well-suited for owners seeking rental income while maintaining the option to use additional space as part of their own household setup. With separate utilities already in place and the home available now, it can support straightforward occupancy planning, whether you intend to live in one unit and rent the other or lease both units immediately.
Two sets of outdoor access include a front patio and a rear patio, creating usable space for both everyday living and entertaining. Investor-focused details include separate electric and gas meters for each unit and a full-length basement that provides substantial additional storage. The property is delivered fully vacant.
This configuration is well-suited for owners seeking rental income while maintaining the option to use additional space as part of their own household setup. With separate utilities already in place and the home available now, it can support straightforward occupancy planning, whether you intend to live in one unit and rent the other or lease both units immediately.
Key Highlights
- Two‑family home built in 1960 with 2,680 sq ft of living space and a full basement
- Separate electric and gas meters for each unit
- Main level includes large living room, formal dining room, updated kitchen, half bath, and dedicated laundry room
Local 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 | $109.3k | $40.80 |
| − Vacancy | −$4.9k | −$1.84 |
| EGI | $104.4k | $38.96 |
| − OpEx | −$31.3k | −$11.69 |
| NOI | $73.1k | $27.27 |
2,680 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.7K – $1.22M
NOI $73,096 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,437 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family home with separate utility meters and private outdoor space for both units.
Where is this duplex located?
The property is located at 8644 25th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,338,888.
What are key features of this property?
This property features: Two‑family home built in 1960 with 2,680 sq ft of living space and a full basement; Separate electric and gas meters for each unit; Main level includes large living room, formal dining room, updated kitchen, half bath, and dedicated laundry room
