Two-Family Limestone
316 E 32nd Street Brooklyn, NY 11226
316 E 32nd Street, Brooklyn, NY, 11226
$959,999
For Sale
$959,999
MULTI_FAMILY - Brooklyn, NY
Property Size2,140 SF
Lot Size0.05 Acres
Price / SF$448.60
Days on Market23
Property Features for 316 E 32nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Basement
- Finished
- Standard status
- Active
- Size
- 2,140 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7070
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Hardwood
- Building materials
- Masonry
- Roof type
- Flat
- Architectural style
- Ranch
Listing Agency
Citizens International Realty
(718) 282-6400
3017 Beverly Road, Bklyn, NY
Listed by
Raul Vanrossum
(718) 282-6400
Added: Jun 25 Checked: Jul 17 at 5:06 am
MLS# 502490
Listing URL
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.
316 E 32nd Street presents a two-family limestone residence with a move-in ready interior. The layout includes generously sized bedrooms designed to accommodate households, and the home is described as receiving abundant natural light that supports a warm, inviting feel. A key standout is direct access to an expansive backyard, offering outdoor space that can work well for everyday use and gatherings.
The property is described as centrally located in Flatbush, with proximity to grocery stores, cafes, and shopping centers. For added context, it is noted as being just minutes from Kings Theatre on Flatbush Avenue, and commuting is described as convenient with the #2 and #5 trains only a few blocks away.
For buyers considering a residential income strategy or multi-generational living setup, this two-unit configuration provides flexibility while keeping the home’s outdoor space and bedroom sizing as practical day-to-day features. With direct backyard access and an immediately usable condition, the property is positioned for tenants and owner-occupants looking for a straightforward path to occupancy.
The property is described as centrally located in Flatbush, with proximity to grocery stores, cafes, and shopping centers. For added context, it is noted as being just minutes from Kings Theatre on Flatbush Avenue, and commuting is described as convenient with the #2 and #5 trains only a few blocks away.
For buyers considering a residential income strategy or multi-generational living setup, this two-unit configuration provides flexibility while keeping the home’s outdoor space and bedroom sizing as practical day-to-day features. With direct backyard access and an immediately usable condition, the property is positioned for tenants and owner-occupants looking for a straightforward path to occupancy.
Key Highlights
- Two‑family limestone residence built in 1899
- Central Flatbush location with Flatbush Avenue near Kings Theatre
- Masonry construction with flat roof
Local 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 | $80.9k | $37.80 |
| − Vacancy | −$3.4k | −$1.59 |
| EGI | $77.5k | $36.21 |
| − OpEx | −$23.2k | −$10.86 |
| NOI | $54.2k | $25.35 |
2,140 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.9K
$678.1K – $904.1K
NOI $54,246 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.06M
$925.5K – $1.23M
NOI $74,041 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready two-family home with direct backyard access and well-sized bedrooms for flexible residential living.
Where is this duplex located?
The property is located at 316 E 32nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,999.
What are key features of this property?
This property features: Two‑family limestone residence built in 1899; Central Flatbush location with Flatbush Avenue near Kings Theatre; Masonry construction with flat roof
