Two-Unit Brick Duplex with
For Sale
$850,000
949 E 45th Street, Brooklyn, NY 11203
Residential, High Ranch, Brooklyn, NY
Property Size1,952 SF
Lot Size0.05 Acres
Price / SF$435.45
Days on Market14
Property Features for 949 E 45th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Garage
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,952 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6870
Amenities
laundry hookups
front yard
backyard
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Flooring type
Hardwood, Carpet
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Fine Choice Realty Inc
Listed By:
Barrington Richards
(718) 363-2200
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 7 at 8:06AM
MLS# 504844
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This brick duplex contains two apartments: a first-floor one-bedroom unit and a second-floor two-bedroom unit. The 1,952-square-foot home was built in 1960 and has a ranch-style design. Carpet and hardwood flooring are present, and the flat roof caps the structure. R4 zoning is in place.
A full basement offers high ceilings, laundry hookups, and its own entrance. The property also includes an integrated one-car garage, a driveway, and front and rear yards.
A full basement offers high ceilings, laundry hookups, and its own entrance. The property also includes an integrated one-car garage, a driveway, and front and rear yards.
Key Highlights
- Two apartments: one bedroom downstairs and two bedrooms upstairs
- 1,952 square feet on a 0.049‑acre lot
- Brick construction; built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,362
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,240
$1.4M
Cap Rate 7%
$976,600
$976.6K
Cap Rate 9%
$759,578
$759.6K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$99.6K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.7K $50.03/SF
− OpEx
−$29.3K −$15.01/SF
NOI
$68.4K $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%
$1,367,240
Cap Rate 7%
$976,600
Cap Rate 9%
$759,578
Alternative Uses
Best Use
Multifamily LT 5
$976.6K
$854.5K – $1.14M
NOI $68,362 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$851.3K
$744.9K – $993.2K
NOI $59,593 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,138 @ 7.0% cap · market cap 13.31%
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
2,068
Businesses Nearby
Explore this area
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 - A separate-entry basement, driveway, and private outdoor areas complement the two residential units.
Where is this duplex located?
The property is located at 949 E 45th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two apartments: one bedroom downstairs and two bedrooms upstairs; 1,952 square feet on a 0.049‑acre lot; Brick construction; built in 1960
