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Flatbush Two-Family Brick House

353 E 35th Street Brooklyn, NY 11203

Claim this Listing
For Sale
$1,199,000

MULTI_FAMILY - Brooklyn, NY

Property size:
2,060 SF
Lot size:
0.05 Acres
Price / SF:
$582.04/SF
Added:
May 17, 2026
Days on Market:
58
Last Refresh:
Jul 13 at 7:06 pm

Property Features for 353 E 35th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished
Standard status
Active
Size
2,060 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
1806

Building Details

Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick

Listing agent Hazel Fraser

Listing office Hot Homes Realty LLC. 658 E 80th St, Brooklyn, NY

Listing date May 17, 2026

MLS# 501503 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 Flatbush/East Flatbush two-family brick house is situated on a tree-lined block. The property features a 3-bedroom unit over a 2-bedroom unit, with a total of 3 full bathrooms and a finished basement. The home offers potential for customization, income generation, or multi-generational living. The exterior is well-maintained with curb appeal, while the interior is ready for transformation. Located near shopping, transportation, dining, and neighborhood conveniences, this property offers location, layout, and upside. The lot size is 0.0459 acres and the property size is 2060 square feet. The zoning is R4.

Key Highlights

  • Flatbush/East Flatbush two‑family brick home built in 1899
  • 3 bedrooms over 2 bedrooms with 3 full bathrooms
  • Finished basement

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 $105.1k $51.00
− Vacancy −$2.0k −$0.97
EGI $103.1k $50.03
− OpEx −$30.9k −$15.01
NOI $72.1k $35.02
2,060 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.03M
$901.8K – $1.20M (±1% cap)
NOI $72,145 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$898.4K
$786.1K – $1.05M (±1% cap)
NOI $62,890 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M (±1% cap)
NOI $119,398 @ 7.0% cap · market cap 9.96%
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 Acupuncture Skin Care Clinic Nursing Home Nursing Home Carpet & Flooring Store Home Appliance Store

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

FAQs

What type of property is this?
Duplex - Two-family brick house in Flatbush/East Flatbush with customization potential.
Where is this duplex located?
The property is located at 353 E 35th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Flatbush/East Flatbush two‑family brick home built in 1899; 3 bedrooms over 2 bedrooms with 3 full bathrooms; Finished basement
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More about this property
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