Two-Family Attached Limestone
For Sale
$1,100,000
Pending
900 Avenue, Brooklyn, NY 11203
Attached two-family limestone delivered vacant, offering approx 2,048 SF with separate-entry semi-finished basement and flexible layouts.
Property Size2,048 SF
Days on Market130
Property Features for 900 Avenue
General Information
Standard status
Pending
Size
2,048 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,931
Building Details
Building Size
2,048 SF
Year Built
1910
Buildings
1
Construction
limestone
Listing Agency:
Century 21 Awaye Realty
Listed By:
Arlene T Waye · License #49WA1006845
(718) 488-0800
Source:
Miradorrealestate
Added: May 19
Changed: Sep 18
Last Checked: Sep 24 at 7:06PM
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 Century 21 Awaye Realty
Investment Insights
Based on property information with market context.
Welcome to 900 Brooklyn Avenue, a spacious two-family attached limestone home in East Flatbush, Brooklyn, delivered vacant. The property spans approximately 2,048 square feet and features generous room sizes with original character throughout, creating a flexible foundation for a range of investor, contractor, or buyer customization plans.
The first level includes 6 rooms with a large living room, formal dining room, 2 bedrooms, 1 full bathroom, a windowed kitchen, storage area, and access to a bright sunroom and cozy outdoor patio space. The second level offers a 7-room layout with 3 bedrooms, office space, an open living area, kitchen, and 1 full bathroom, plus a skylight in the hallway. A full semi-finished basement includes a separate entrance, spacious open area, laundry room, boiler room, and a 3/4 bathroom.
Built in 1910, the home sits on a residential block near shopping, restaurants, schools, parks, and neighborhood conveniences. Public transportation includes the B35 bus line and nearby 2 and 5 subway lines, with major roadways such as Linden Boulevard, Church Avenue, and Flatbush Avenue providing connections throughout Brooklyn and into Manhattan. The property is also near Kings County Hospital and SUNY Downstate Hospital.
The first level includes 6 rooms with a large living room, formal dining room, 2 bedrooms, 1 full bathroom, a windowed kitchen, storage area, and access to a bright sunroom and cozy outdoor patio space. The second level offers a 7-room layout with 3 bedrooms, office space, an open living area, kitchen, and 1 full bathroom, plus a skylight in the hallway. A full semi-finished basement includes a separate entrance, spacious open area, laundry room, boiler room, and a 3/4 bathroom.
Built in 1910, the home sits on a residential block near shopping, restaurants, schools, parks, and neighborhood conveniences. Public transportation includes the B35 bus line and nearby 2 and 5 subway lines, with major roadways such as Linden Boulevard, Church Avenue, and Flatbush Avenue providing connections throughout Brooklyn and into Manhattan. The property is also near Kings County Hospital and SUNY Downstate Hospital.
Key Highlights
- Vacant two‑family attached limestone home in East Flatbush, Brooklyn
- Approximately 2,048 SF interior space with original character and flexible layouts
- First level: 6 rooms with 2 bedrooms, 1 full bath, and access to sunroom and patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,480
$1.4M
Cap Rate 7%
$1,024,629
$1.0M
Cap Rate 9%
$796,933
$796.9K
Market Conditions
NOI Build-Up for 2,048 SF
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.
Gross rent
$104.4K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.5K $50.03/SF
− OpEx
−$30.7K −$15.01/SF
NOI
$71.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,480
Cap Rate 7%
$1,024,629
Cap Rate 9%
$796,933
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$896.6K – $1.20M
NOI $71,724 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$893.2K
$781.5K – $1.04M
NOI $62,523 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.70M
$1.48M – $1.98M
NOI $118,702 @ 7.0% cap · market cap 10.79%
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
5,876
Businesses Nearby
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Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - Attached two-family limestone delivered vacant, offering approx 2,048 SF with separate-entry semi-finished basement and flexible layouts.
Where is this duplex located?
The property is located at 900 Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Vacant two‑family attached limestone home in East Flatbush, Brooklyn; Approximately 2,048 SF interior space with original character and flexible layouts; First level: 6 rooms with 2 bedrooms, 1 full bath, and access to sunroom and patio
