Colonial Two-Family
For Sale
$925,000
973 SCHENECTADY Avenue, Brooklyn, NY 11203
Colonial two-family home offering six bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Property Size1,832 SF
Price / SF$504.91
Days on Market242
Property Features for 973 SCHENECTADY Avenue
General Information
Standard status
Active
Size
1,832 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,556
Building Details
Building Size
1,832 SF
Year Built
1905
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Feb 27
Changed: Oct 25
Last Checked: Oct 27 at 1:42AM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This colonial two-family style home includes six bedrooms and two full bathrooms. Each unit features an eat-in kitchen, and the property also provides a one-car garage.
The home is located at 973 Schenectady Ave in Brooklyn, NY 11203. TransitScore is 79 (Excellent Transit), walkScore is 80 (Very Walkable), and bikeScore is 64 (Bikeable), supporting day-to-day accessibility for residents.
The available information should be treated as estimates to the best of current reporting.
The home is located at 973 Schenectady Ave in Brooklyn, NY 11203. TransitScore is 79 (Excellent Transit), walkScore is 80 (Very Walkable), and bikeScore is 64 (Bikeable), supporting day-to-day accessibility for residents.
The available information should be treated as estimates to the best of current reporting.
Key Highlights
- Colonial two‑family home built in 1905
- Features six bedrooms and two full baths
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,160
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,283,200
$1.3M
Cap Rate 7%
$916,571
$916.6K
Cap Rate 9%
$712,889
$712.9K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$93.4K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$91.7K $50.03/SF
− OpEx
−$27.5K −$15.01/SF
NOI
$64.2K $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%
$1,283,200
Cap Rate 7%
$916,571
Cap Rate 9%
$712,889
Alternative Uses
Best Use
Multifamily LT 5
$916.6K
$802.0K – $1.07M
NOI $64,160 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$799.0K
$699.1K – $932.2K
NOI $55,929 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,183 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,900
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Colonial two-family home offering six bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Where is this duplex located?
The property is located at 973 SCHENECTADY Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Colonial two‑family home built in 1905; Features six bedrooms and two full baths; Eat‑in kitchen
