Two-Family Home with Private
For Sale
$2,350,000
Pending
8656A 20th Ave, Brooklyn, NY 11214
Semi-detached three-story two-family residence with separate living spaces, private driveway, and built-in garage.
Property Size3,206 SF
Days on Market148
Property Features for 8656A 20th Ave
General Information
Standard status
Pending
Size
3,206 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,075
Building Details
Building Size
3,206 SF
Year Built
1970
Stories
2
Tenancy
Multi
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 28 at 10:18AM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This well-maintained, semi-detached two-family home is arranged over three stories, offering separate living spaces with a flexible layout. The property includes a private driveway and a built-in garage, supporting convenient everyday access and off-street parking options for residents. Overall, the configuration is suited to households seeking independent living arrangements within a single building.
Located in Brooklyn, the home is positioned near shopping, schools, parks, and public transportation. WalkScore is listed at 96, indicating a highly walkable setting, with transitScore of 84 supporting frequent transit options nearby. BikeScore is listed at 56, providing moderate bike-friendliness for local trips.
For owner-occupants, the separate two-unit setup can accommodate multi-generational living or a live-in arrangement. For buyers evaluating residential income use, the property’s two-family design and independent living spaces can support straightforward tenant separation under one roof. The overall condition and on-site parking features provide practical day-to-day value for either use case.
Located in Brooklyn, the home is positioned near shopping, schools, parks, and public transportation. WalkScore is listed at 96, indicating a highly walkable setting, with transitScore of 84 supporting frequent transit options nearby. BikeScore is listed at 56, providing moderate bike-friendliness for local trips.
For owner-occupants, the separate two-unit setup can accommodate multi-generational living or a live-in arrangement. For buyers evaluating residential income use, the property’s two-family design and independent living spaces can support straightforward tenant separation under one roof. The overall condition and on-site parking features provide practical day-to-day value for either use case.
Key Highlights
- 1970‑built semi‑detached three‑story two‑family home with separate living spaces
- Separate living spaces for flexible use as an end‑user or investment property
- Private driveway and built‑in garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,443
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,860
$1.7M
Cap Rate 7%
$1,249,186
$1.2M
Cap Rate 9%
$971,589
$971.6K
Market Conditions
NOI Build-Up for 3,206 SF
Gross rent
$130.8K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.9K $38.96/SF
− OpEx
−$37.5K −$11.69/SF
NOI
$87.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,860
Cap Rate 7%
$1,249,186
Cap Rate 9%
$971,589
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,443 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$1.12M
$979.6K – $1.31M
NOI $78,369 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,916 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,961
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached three-story two-family residence with separate living spaces, private driveway, and built-in garage.
Where is this duplex located?
The property is located at 8656A 20th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 1970‑built semi‑detached three‑story two‑family home with separate living spaces; Separate living spaces for flexible use as an end‑user or investment property; Private driveway and built‑in garage
