Brick Duplex with Finished
New
For Sale
$1,050,000
3109 Snyder Avenue, Brooklyn, NY 11226
Residential, Brooklyn, NY
Property Size2,048 SF
Lot Size0.05 Acres
Price / SF$512.70
Days on Market3
Property Features for 3109 Snyder Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
2,048 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7686
Amenities
private backyard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Ceramic, Tile
Building materials
Brick
Roof type
Asphalt, Flat
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Mark W. Valverde
(718) 532-2000
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 25 at 10:06PM
MLS# 504808
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.
Located at 3109 Snyder Avenue in Brooklyn, this 2,048-square-foot duplex is arranged across two residential levels with a finished basement. The brick property was built in 1910 and includes hardwood, ceramic, and tile flooring, along with refrigerator and stove appliances. An asphalt flat roof and private backyard complete the physical improvements.
The main level includes a living room, dining area, updated kitchen, and two bedrooms. The upper level provides another living room, kitchen, two bedrooms, and a full bathroom. The finished basement adds a recreation or office area and another full bathroom. The property is zoned R6 and sits near major transit, local shops, and neighborhood amenities in Brooklyn's 11226 postal area.
The main level includes a living room, dining area, updated kitchen, and two bedrooms. The upper level provides another living room, kitchen, two bedrooms, and a full bathroom. The finished basement adds a recreation or office area and another full bathroom. The property is zoned R6 and sits near major transit, local shops, and neighborhood amenities in Brooklyn's 11226 postal area.
Key Highlights
- Duplex with 2,048 square feet of building area
- Finished basement with recreation or office space and a full bathroom
- Two residential levels with 4 bedrooms total
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
$51,914
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
4.94%
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%
$1,038,280
$1.0M
Cap Rate 7%
$741,629
$741.6K
Cap Rate 9%
$576,822
$576.8K
Market Conditions
NOI Build-Up for 2,048 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
$77.4K $37.80/SF
− Vacancy
−$3.3K −$1.59/SF
EGI
$74.2K $36.21/SF
− OpEx
−$22.2K −$10.86/SF
NOI
$51.9K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /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%
$1,038,280
Cap Rate 7%
$741,629
Cap Rate 9%
$576,822
Alternative Uses
Best Use
Multifamily LT 5
$741.6K
$648.9K – $865.2K
NOI $51,914 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$685.9K
$600.2K – $800.2K
NOI $48,012 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.01M
$885.7K – $1.18M
NOI $70,858 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level brick duplex with separate living areas, updated kitchens, and additional finished space below grade.
Where is this duplex located?
The property is located at 3109 Snyder Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Duplex with 2,048 square feet of building area; Finished basement with recreation or office space and a full bathroom; Two residential levels with 4 bedrooms total
