Two-Family Duplex
For Sale
$870,000
942 Jerome Street, Brooklyn, NY 11207
Separate residences provide a flexible owner-occupant or rental configuration with private parking and additional finished space.
Property Size1,881 SF
Days on Market266
Property Features for 942 Jerome Street
General Information
Standard status
Active
Size
1,881 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
Hot Water
Wall/Window Unit(s)
Natural Gas
Building Details
Building Size
1,881 SF
Year Built
1960
Listing Agency:
Keller Williams Landmark II
Listed By:
Ron Ferrara · License #10401255552
(347) 245-5183
Source:
Kw
Added: Feb 6
Changed: Oct 29
Last Checked: Oct 28 at 2:04PM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This two-family property comprises an upper duplex and a separate first-floor apartment. The duplex occupies the second and third floors, with an open living, dining, and kitchen arrangement plus a half bath on the lower level, followed by three bedrooms and a full bath above. The first-floor residence offers one bedroom, one bathroom, and an open-concept layout.
A finished basement adds usable interior space, while the property includes a two-car garage for private parking. Interior features include hot water, natural gas, and wall/window unit cooling. Built in 1960, the property is currently vacant and available for showing.
A finished basement adds usable interior space, while the property includes a two-car garage for private parking. Interior features include hot water, natural gas, and wall/window unit cooling. Built in 1960, the property is currently vacant and available for showing.
Key Highlights
- Upper duplex includes 3 bedrooms and 1.5 baths across the second and third floors
- Separate first‑floor apartment with 1 bedroom and 1 bathroom
- Finished basement provides additional usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,876
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,520
$1.3M
Cap Rate 7%
$941,086
$941.1K
Cap Rate 9%
$731,956
$732.0K
Market Conditions
NOI Build-Up for 1,881 SF
Gross rent
$95.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$94.1K $50.03/SF
− OpEx
−$28.2K −$15.01/SF
NOI
$65.9K $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%
$1,317,520
Cap Rate 7%
$941,086
Cap Rate 9%
$731,956
Alternative Uses
Best Use
Multifamily LT 5
$941.1K
$823.5K – $1.10M
NOI $65,876 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$820.4K
$717.8K – $957.1K
NOI $57,425 @ 7.0% cap · market cap 6.60%
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,023 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Separate residences provide a flexible owner-occupant or rental configuration with private parking and additional finished space.
Where is this duplex located?
The property is located at 942 Jerome Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Upper duplex includes 3 bedrooms and 1.5 baths across the second and third floors; Separate first‑floor apartment with 1 bedroom and 1 bathroom; Finished basement provides additional usable interior space
