Single-Family Home with Private
For Sale
$858,000
3620 Avenue R, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size1,824 SF
Lot Size0.04 Acres
Price / SF$470.39
Days on Market116
Property Features for 3620 Avenue R
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Interior features
Dryer, Refrigerator, Stove, Washer
Subdivision
Marine Park
Standard status
Active
Size
1,824 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6286
Building Details
Year built
1925
Floors in Building
3
Flooring type
Carpet, Hardwood, Tile
Roof type
Rubber
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: May 1
Changed: Aug 4
Last Checked: Aug 24 at 8:06PM
MLS# 501052
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.
Well-maintained one-family home offering a building size of 19' x 32' on a 19' x 85' lot. The home includes four bedrooms and two full bathrooms, with a basement featuring high ceilings, an extra room, a full bathroom, a walk-in closet, and a dedicated laundry area. The first floor provides a large living room, a formal dining area, and a modern kitchen with marble countertops. The top floor includes three well-proportioned bedrooms and a full bathroom.
Dual access points add convenience, and the property also features a community driveway with parking and a private backyard. Major updates include upgraded utilities and a relatively new roof.
Zoned R3-2, the home is zoned for P.S. 207 Elizabeth G. Leary School. Convenient to bus lines B2 and B100 and with connections to the B and Q subway lines, it’s also close to Kings Plaza Shopping Center, with quick access to the Belt Parkway and major roadways.
Dual access points add convenience, and the property also features a community driveway with parking and a private backyard. Major updates include upgraded utilities and a relatively new roof.
Zoned R3-2, the home is zoned for P.S. 207 Elizabeth G. Leary School. Convenient to bus lines B2 and B100 and with connections to the B and Q subway lines, it’s also close to Kings Plaza Shopping Center, with quick access to the Belt Parkway and major roadways.
Key Highlights
- One‑family home in Marine Park with four bedrooms and two full bathrooms
- 19' x 32' building size on a 19' x 85' lot with a private backyard
- Basement has high ceilings plus an extra room, full bathroom, walk‑in closet, and dedicated laundry area
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
$55,685
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
6.49%
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%
$1,113,700
$1.1M
Cap Rate 7%
$795,500
$795.5K
Cap Rate 9%
$618,722
$618.7K
Market Conditions
NOI Build-Up for 1,824 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
$103.3K $56.64/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$101.2K $55.51/SF
− OpEx
−$45.6K −$24.98/SF
NOI
$55.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,113,700
Cap Rate 7%
$795,500
Cap Rate 9%
$618,722
Alternative Uses
Best Use
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,685 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Well-maintained one-family home with four bedrooms, two full baths, basement with extra room, and private backyard.
Where is this single family property located?
The property is located at 3620 Avenue R Brooklyn, NY.
What is the asking price?
The asking price for this property is $858,000.
What are key features of this property?
This property features: One‑family home in Marine Park with four bedrooms and two full bathrooms; 19' x 32' building size on a 19' x 85' lot with a private backyard; Basement has high ceilings plus an extra room, full bathroom, walk‑in closet, and dedicated laundry area
