Flatbush Two-Family Brick
353 E 35th Street, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property size:
2,060 SFLot size:
0.05 AcresPrice / SF:
$582/SF- Added:
- May 17, 2026
- Days on Market:
- 10
- Last Refresh:
- May 26 at 5:06 am
Property Features for 353 E 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 1
- 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 (718) 788-5435
Listing office Hot Homes Realty LLC. 658 E 80th St, Brooklyn, NY (718) 788-5435
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.
HighLights
- Two‑family brick house ideal for income generation or multi‑generational living.
- Located in Flatbush/East Flatbush on a desirable tree‑lined block.
- Features 3 bedrooms over 2 bedrooms with 3 full bathrooms.
- Finished basement adds potential living space.
- Conveniently located near shopping, transportation, and dining.
- Hardwood floors throughout the property.
Overview
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$801.6K
NOI $72,145 @ 9.00% cap · cautious / downside scenario
Moderate
$1.03M
NOI $72,145 @ 7.00% cap · market / base-case scenario
Aggressive
$1.44M
NOI $72,145 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$1.03M
$901.8K – $1.20M
NOI $72,145 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$898.4K
$786.1K – $1.05M
NOI $62,890 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,398 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.943991
- Latitude
- 40.646517
Nearby Similar for Sale
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: Two‑family brick house ideal for income generation or multi‑generational living.; Located in Flatbush/East Flatbush on a desirable tree‑lined block.; Features **3 bedrooms over 2 bedrooms with 3 full bathrooms**.
