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    Brooklyn Two-Family Home with Yard

    320 42nd Street Brooklyn, NY 11232

    320 42nd Street, Brooklyn, NY, 11232
    $1,259,000
    For Sale
    Claim this Listing
    $1,259,000

    MULTI_FAMILY - Brooklyn, NY

    Property Size1,372 SF
    Lot Size0.04 Acres
    Price / SF$917.64
    AddedApr 8
    Days on Market100
    Last RefreshJul 16 at 4:06 am

    Property Features for 320 42nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R6B
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
    Interior features
    A/C Unit - Window, Refrigerator, Stove
    Basement
    Finished, Full
    Standard status
    Active
    Size
    1,372 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3209

    Building Details

    Year built
    1899
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Wood Frame
    Roof type
    Rubber, Flat
    Architectural style
    Other

    Listing agent Karla Ng Mok License #KNM9509

    Listing office Century 21 Realty First 6806 18th Avenue, Brooklyn, NY

    Listing date Apr 8, 2026

    MLS# 500295 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.

    This two-family building is located in Sunset Park, Brooklyn, on a full 17-foot by 100-foot lot. The first floor features a duplex with a basement and a private backyard. Situated between 3rd and 4th Avenues, the property offers convenient access to the N and D express trains, providing a quick commute to Manhattan, as well as the R local train at 36th Street. The location is just two blocks from Sunset Park and three blocks from Bush Terminal Park and the waterfront. Industry City is also nearby. A bus stop is located on the corner, and a grocery store is across the street. The property is close to restaurants, cafes, and shops along 4th and 5th Avenues. The building has a flexible layout and is suitable for investors or end users, offering long-term value. The property size is 1372 square feet.

    Key Highlights

    • 2‑family Sunset Park building on a full 17x100 lot
    • First‑floor duplex with basement and a private backyard
    • Interior features include window A/C, refrigerator, and stove

    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 $70.0k $51.00
    − Vacancy −$1.3k −$0.97
    EGI $68.6k $50.03
    − OpEx −$20.6k −$15.01
    NOI $48.0k $35.02
    1,372 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $686.4K
    $600.6K – $800.8K (±1% cap)
    NOI $48,050 @ 7.0% cap · market cap 3.82%
    Second Best
    Apartment 5plus
    $598.4K
    $523.6K – $698.1K (±1% cap)
    NOI $41,886 @ 7.0% cap · market cap 3.33%
    Theoretical Best
    Specialty Retail
    $1.14M
    $994.0K – $1.33M (±1% cap)
    NOI $79,521 @ 7.0% cap · market cap 6.32%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Restaurant Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Two-family home near parks and transportation in Sunset Park.
    Where is this duplex located?
    The property is located at 320 42nd Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,259,000.
    What are key features of this property?
    This property features: 2‑family Sunset Park building on a full 17x100 lot; First‑floor duplex with basement and a private backyard; Interior features include window A/C, refrigerator, and stove
    Contact an agent
    (718) 758-5838
    We can help!
    Contact an agent
    Karla Ng Mok
    Real Estate License ID: KNM9509
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