Brick Single-Family Home with
For Sale
$825,000
1769 E 31st Street, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size1,224 SF
Lot Size0.04 Acres
Price / SF$674.02
Days on Market59
Property Features for 1769 E 31st Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking features
Garage
Interior features
A/C Unit - Window, Central Air - Split, Refrigerator
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
1,224 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8038
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood, Tile, Parquet Wood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Pride Estates
(718) 569-2888
Listed By:
Danny D. Chung
(718) 569-2888
Added: Jun 15
Changed: Aug 12
Last Checked: Aug 12 at 2:06PM
MLS# 502266
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.
Solid brick one-family home featuring a multi-level layout with a living room, formal dining room, and kitchen with direct access to a spacious back deck. The upper level includes three bedrooms and a full central bathroom. The lower level offers a large recreational room with a separate rear entrance, a dedicated mechanical/laundry area, and access to an attached garage and backyard. Additional features include split system cooling and a hot water heater installed in 2022.
The property is sited on an approximately 18' x 100' lot with an approximately 18' x 34' building footprint, and includes private driveway parking. Located in Brooklyn’s Marine Park area, it is described as being near local shopping, restaurants, places of worship, and public transportation, with recreational fields and greenery nearby. Zoning is listed as R3-2.
The property is sited on an approximately 18' x 100' lot with an approximately 18' x 34' building footprint, and includes private driveway parking. Located in Brooklyn’s Marine Park area, it is described as being near local shopping, restaurants, places of worship, and public transportation, with recreational fields and greenery nearby. Zoning is listed as R3-2.
Key Highlights
- Solid brick one‑family home with attached garage and private driveway
- Three bedrooms with a full central bathroom on the upper level
- 18' x 34' building layout on an 18' x 100' lot
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
$37,367
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
4.53%
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%
$747,340
$747.3K
Cap Rate 7%
$533,814
$533.8K
Cap Rate 9%
$415,189
$415.2K
Market Conditions
NOI Build-Up for 1,224 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
$69.3K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$67.9K $55.51/SF
− OpEx
−$30.6K −$24.98/SF
NOI
$37.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$747,340
Cap Rate 7%
$533,814
Cap Rate 9%
$415,189
Alternative Uses
Best Use
Apartment 5plus
$533.8K
$467.1K – $622.8K
NOI $37,367 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$886.8K – $1.18M
NOI $70,943 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Solid-brick residence with three bedrooms, a back deck, split-system cooling, and an attached garage.
Where is this single family property located?
The property is located at 1769 E 31st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Solid brick one‑family home with attached garage and private driveway; Three bedrooms with a full central bathroom on the upper level; 18' x 34' building layout on an 18' x 100' lot
