Three-Story Duplex with
998 Crescent St, Brooklyn, NY 11208
For Sale
$1,120,000
Two-family residence with a finished basement, private driveway, and backyard for added living and parking flexibility.
Property Size3,549 SF
Lot Size0.07 Acres
Price / SF$315.58
Days on Market51
Property Features for 998 Crescent St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
private backyard
finished basement
Building Details
Year Built
Buildings
Stories
Listing Agency:
United Real Estate Fortune
Listed By:
Le Quan · License NY #10401318524
(646) 750-8970
Source:
Realtyconnectusa
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 8 at 12:13PM
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 United Real Estate Fortune
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Investment Insights
Based on property information with market context.
This detached duplex is arranged as a three-story, 3-bedroom-over-3-bedroom residence with approximately 3,549 sq ft of gross building area. A finished basement adds usable interior space, while the private backyard extends the property’s functional living area. The home was built in 2002 and includes a private driveway for off-street parking.
The property occupies a 30 x 100 ft lot at 998 Crescent Street in Brooklyn’s East New York section. It is positioned on a residential street with access to local transportation, shopping, dining, schools, and neighborhood amenities. The two-family configuration supports separate household arrangements or a combination of owner occupancy and rental use.
The property occupies a 30 x 100 ft lot at 998 Crescent Street in Brooklyn’s East New York section. It is positioned on a residential street with access to local transportation, shopping, dining, schools, and neighborhood amenities. The two-family configuration supports separate household arrangements or a combination of owner occupancy and rental use.
Key Highlights
- 3,549 sq ft of gross building area
- 3‑bedroom‑over‑3‑bedroom duplex layout
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,104
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,080
$1.8M
Cap Rate 7%
$1,301,486
$1.3M
Cap Rate 9%
$1,012,267
$1.0M
Market Conditions
NOI Build-Up for 3,549 SF
Gross rent
$136.3K $38.40/SF
− Vacancy
−$6.1K −$1.73/SF
EGI
$130.1K $36.67/SF
− OpEx
−$39.0K −$11.00/SF
NOI
$91.1K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,080
Cap Rate 7%
$1,301,486
Cap Rate 9%
$1,012,267
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,104 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,120 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,008 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
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
$638,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a finished basement, private driveway, and backyard for added living and parking flexibility.
Where is this duplex located?
The property is located at 998 Crescent St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: 3,549 sq ft of gross building area; 3‑bedroom‑over‑3‑bedroom duplex layout; Built in 2002
