Updated Duplex with
For Sale
$770,000
1339 Schenectady Avenue, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,376 SF
Lot Size0.05 Acres
Price / SF$559.59
Days on Market25
Property Features for 1339 Schenectady Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
1,376 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5674
Amenities
backyard
semi-finished basement
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood, Carpet
Architectural style
Other
Listing Agency:
Kingsview Realty Corp.
(718) 692-2010
Listed By:
Anthony Garraud II
(718) 692-2010
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 29 at 11:06PM
MLS# 503569
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 1,376-square-foot duplex, built in 1935, is configured as a one-family residence with three bedrooms, one full bathroom, a formal living room, and a formal dining room. The kitchen has been updated, while hardwood and carpet flooring are present throughout the home. A semi-finished basement adds usable space and can be reached from inside the residence or through the backyard.
The property occupies 0.0528 acres at 1339 Schenectady Avenue in Brooklyn, NY 11203 and carries R4 zoning. The backyard provides outdoor space for gardening, recreation, or entertaining. B8 and B46 bus stops are located a short distance away, providing nearby public transportation access.
The property occupies 0.0528 acres at 1339 Schenectady Avenue in Brooklyn, NY 11203 and carries R4 zoning. The backyard provides outdoor space for gardening, recreation, or entertaining. B8 and B46 bus stops are located a short distance away, providing nearby public transportation access.
Key Highlights
- 1,376‑square‑foot duplex on 0.0528 acres
- Three bedrooms and one full bathroom
- Updated kitchen with formal living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,800
$963.8K
Cap Rate 7%
$688,429
$688.4K
Cap Rate 9%
$535,444
$535.4K
Market Conditions
NOI Build-Up for 1,376 SF
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.
Gross rent
$70.2K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$68.8K $50.03/SF
− OpEx
−$20.7K −$15.01/SF
NOI
$48.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,800
Cap Rate 7%
$688,429
Cap Rate 9%
$535,444
Alternative Uses
Best Use
Multifamily LT 5
$688.4K
$602.4K – $803.2K
NOI $48,190 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$1.14M
$996.9K – $1.33M
NOI $79,753 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,828
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
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 - R4-zoned duplex with an updated kitchen, semi-finished basement, and access from both the residence and backyard.
Where is this duplex located?
The property is located at 1339 Schenectady Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 1,376‑square‑foot duplex on 0.0528 acres; Three bedrooms and one full bathroom; Updated kitchen with formal living and dining rooms
