Duplex with Private
For Sale
$778,500
1349 E 103rd Street, Brooklyn, NY 11236
SINGLE_FAMILY - Brooklyn, NY
Property Size1,152 SF
Lot Size0.06 Acres
Price / SF$675.78
Days on Market85
Property Features for 1349 E 103rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
r4-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Wall, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Canarsie
Standard status
Active
Size
1,152 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4862
Building Details
Year built
1955
Floors in Building
2
Flooring type
Carpet, Ceramic, Hardwood
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Barbara Horan
(718) 612-3088
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 31 at 1:06AM
MLS# 502127
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.
Duplex-style, semi-attached Hampshire model with 1,152 SF on a 0.0597-acre lot and a 1955 build. The home offers an eat-in kitchen with solid wood cabinetry, and an open-concept formal living and dining room combination. Oversized rooms include a king-size primary bedroom, a queen-size second bedroom, and a full-size third bedroom. A full-length attic adds storage, and there is a bath on every level.
The finished basement features high ceilings, built-in bookshelves, ample storage, a 3/4 bath, and a private rear entrance. Interior finishes include hardwood flooring, carpeting, and ceramic tile, along with wall A/C and standard kitchen laundry appliances. Outdoor space includes a porch and a deck, plus a huge backyard and a private driveway for multiple vehicles.
Recent updates include new central gas heat installed in 2020 and a new roof that is about three years old. The property is located near Seaview Park, the Belt Parkway, shopping, restaurants, schools, and public transportation.
The finished basement features high ceilings, built-in bookshelves, ample storage, a 3/4 bath, and a private rear entrance. Interior finishes include hardwood flooring, carpeting, and ceramic tile, along with wall A/C and standard kitchen laundry appliances. Outdoor space includes a porch and a deck, plus a huge backyard and a private driveway for multiple vehicles.
Recent updates include new central gas heat installed in 2020 and a new roof that is about three years old. The property is located near Seaview Park, the Belt Parkway, shopping, restaurants, schools, and public transportation.
Key Highlights
- 0.0597‑acre lot with 1,152 SF duplex‑style semi‑attached Hampshire model built in 1955
- Three bedrooms and three bathrooms with a bath on every level
- Finished basement with high ceilings, built‑in bookshelves, ample storage, and a 3/4 bath
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
$40,345
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
5.18%
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%
$806,900
$806.9K
Cap Rate 7%
$576,357
$576.4K
Cap Rate 9%
$448,278
$448.3K
Market Conditions
NOI Build-Up for 1,152 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
$58.8K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$57.6K $50.03/SF
− OpEx
−$17.3K −$15.01/SF
NOI
$40.3K $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%
$806,900
Cap Rate 7%
$576,357
Cap Rate 9%
$448,278
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - R4-1 duplex on a small lot with three bedrooms, three baths, a finished basement, plus porch and deck.
Where is this duplex located?
The property is located at 1349 E 103rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $778,500.
What are key features of this property?
This property features: 0.0597‑acre lot with 1,152 SF duplex‑style semi‑attached Hampshire model built in 1955; Three bedrooms and three bathrooms with a bath on every level; Finished basement with high ceilings, built‑in bookshelves, ample storage, and a 3/4 bath
