Duplex with Private
For Sale
$2,188,000
303 Avenue N, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Property Size2,368 SF
Lot Size0.05 Acres
Price / SF$923.99
Days on Market142
Property Features for 303 Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5-OP
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1
Interior features
Central Air - Split, Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Finished
Subdivision
Midwood
Standard status
Active
Size
2,368 SF
Lot size
0.05 Acres
Amenities
basement access
split unit AC & heat
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet, Tile, Linoleum, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
(718) 676-1755
Listed By:
Kim Stavrach
(718) 676-1755
Added: Mar 13
Changed: Jul 30
Last Checked: Aug 1 at 5:06AM
MLS# 499613
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 vacant duplex at 303 Avenue N features semi-detached brick construction with private parking. The layout includes three bedrooms and two bathrooms, plus additional bedroom and bath rooms to support multiple living spaces. Interiors include split unit AC and heat, a laundry area, dishwasher, refrigerator, and stove. The building has flat roofing and basement access.
The lot measures 20 by 100 (each, combined 40 by 100). The building is approximately 20 by 57, with DOB listed square footage of 2,368. Zoning is R5-OP, with FAR of 1.18/1.25, supporting buildable square footage of 2,500 SF per unit or 5,000 SF combined. The property was built in 1930.
The adjacent corner property at 301 Ave N is available, and the listing notes these can be purchased together.
The lot measures 20 by 100 (each, combined 40 by 100). The building is approximately 20 by 57, with DOB listed square footage of 2,368. Zoning is R5-OP, with FAR of 1.18/1.25, supporting buildable square footage of 2,500 SF per unit or 5,000 SF combined. The property was built in 1930.
The adjacent corner property at 301 Ave N is available, and the listing notes these can be purchased together.
Key Highlights
- Semi‑detached brick duplex delivered vacant with private parking
- Lot size 20x100 each (combined 40x100)
- Building size 20x57; DOB 2,368 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $118.5k | $50.03 |
| − OpEx | −$35.5k | −$15.01 |
| NOI | $82.9k | $35.02 |
2,368 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,931 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,249 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Vacant duplex in Brooklyn zoning R5-OP with split AC and heat, basement access, and private parking.
Where is this duplex located?
The property is located at 303 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Semi‑detached brick duplex delivered vacant with private parking; Lot size 20x100 each (combined 40x100); Building size 20x57; DOB 2,368 SF
