Two-Family Home with Finished
New
For Sale
$975,000
941 Crescent Street, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size2,080 SF
Lot Size0.07 Acres
Price / SF$468.75
Days on Market5
Property Features for 941 Crescent Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2
Parking features
Driveway
Interior features
Walk-In Closet(s)
Basement
Finished
Lot features
Level
Elementary school
Ps 224 Hale A Woodruff
Middle school
Van Siclen Community Middle School
High school
School For Classics High School
Elementary school district
Brooklyn 19
Middle school district
Brooklyn 19
High school district
Brooklyn 19
Directions
between Stanley and Wortman Ave
Standard status
Active
APN
04529-0043
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7342
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
full finished basement
individual window/wall A/C units
fenced concrete yard
Building Details
Year built
2005
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Stucco, Vinyl Siding
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Gregory H. Taylor · License #10301207909
(917) 805-5411
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 2 at 5:06AM
MLS# 1023833
Copyright © 2026 OneKey MLS. 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.
Income-producing two-family home built in 2005, consisting of approximately 2,080 sq ft across two nearly identical units. Each floor features 3 bedrooms, 2 full baths, a living room, a separate dining area, and a galley-style kitchen with ample cabinet storage. Between the two floors, the home totals 6 bedrooms and 4 full baths.
A full finished basement adds additional usable space and includes a 5th full bath. The home has individual window/wall A/C units on each floor. Outdoors, there is a fenced concrete yard out back for parking or storage, plus driveway parking.
Additional property details include natural gas baseboard heating, wall/window and window unit cooling, hardwood and carpet flooring, a walk-in closet, and stucco with vinyl siding. Water is available from the public system and sewer is connected to the public sewer. Sold as-is; buyer to perform all due diligence.
A full finished basement adds additional usable space and includes a 5th full bath. The home has individual window/wall A/C units on each floor. Outdoors, there is a fenced concrete yard out back for parking or storage, plus driveway parking.
Additional property details include natural gas baseboard heating, wall/window and window unit cooling, hardwood and carpet flooring, a walk-in closet, and stucco with vinyl siding. Water is available from the public system and sewer is connected to the public sewer. Sold as-is; buyer to perform all due diligence.
Key Highlights
- Two‑family home built in 2005
- Approximately 2,080 sq ft across two nearly identical units
- Each unit has 3 bedrooms and 2 full baths
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 | $79.9k | $38.40 |
| − Vacancy | −$3.6k | −$1.73 |
| EGI | $76.3k | $36.67 |
| − OpEx | −$22.9k | −$11.00 |
| NOI | $53.4k | $25.67 |
2,080 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.8K
$667.4K – $889.9K
NOI $53,394 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$679.2K
$594.3K – $792.4K
NOI $47,543 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,089 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing two-family home built in 2005 with two nearly identical units, 3 bedrooms and 2 full baths each.
Where is this duplex located?
The property is located at 941 Crescent Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑family home built in 2005; Approximately 2,080 sq ft across two nearly identical units; Each unit has 3 bedrooms and 2 full baths
