Brick Two-Family Home with Private
427 E 34th Street Brooklyn, NY 11203
For Sale
$749,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,057 SF
Lot Size0.05 Acres
Price / SF$364.12
Days on Market49
Property Features for 427 E 34th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full, Unfinished
Standard status
Active
Size
2,057 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7248
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Calemine & Co. Real Estate, LL
(718) 998-1100
Listed By:
Louis J. Calemine
(718) 998-1100
Added: Jun 9
Changed: Jul 11
Last Checked: Jul 27 at 1:06PM
MLS# 502154
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 solid brick two-family home offers a practical duplex-over-apartment layout, currently fully vacant. The main unit features a spacious 3-bedroom, 2-bath configuration, with an additional 1-bedroom apartment above. A full unfinished basement sits beneath the home and includes separate entrances both at the front and the back, adding flexibility for storage, workspace, or future finishing. The property is described as original and well maintained, with high ceilings, lots of closets, and oak hardwood flooring throughout both units that has been uncovered and is ready for sanding and refinishing, with room for minor updating throughout.
The home is located on the Flatbush/East Flatbush border in Brooklyn. It includes a private driveway and a built-in garage, supporting off-street parking and easier everyday access.
With its two-unit setup and multiple entry points, the property can fit a range of ownership goals, including an owner-occupant arrangement where one unit can serve as a home while the other provides rental housing. The separate basement entrances also support day-to-day functionality for extended household use, along with straightforward planning for how the lower level may be utilized after updates.
The home is located on the Flatbush/East Flatbush border in Brooklyn. It includes a private driveway and a built-in garage, supporting off-street parking and easier everyday access.
With its two-unit setup and multiple entry points, the property can fit a range of ownership goals, including an owner-occupant arrangement where one unit can serve as a home while the other provides rental housing. The separate basement entrances also support day-to-day functionality for extended household use, along with straightforward planning for how the lower level may be utilized after updates.
Key Highlights
- Solid brick 2‑family home built in 1950 with a private driveway and built‑in garage
- Unit layout: spacious 3‑bedroom/2‑bath duplex plus an over‑a‑1‑bedroom apartment
- Full unfinished basement with separate entrances both front and back
Financial Insights For Apartment 5plus
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 | $116.5k | $56.64 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $114.2k | $55.51 |
| − OpEx | −$51.4k | −$24.98 |
| NOI | $62.8k | $30.53 |
2,057 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.5K – $1.20M
NOI $72,040 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$897.1K
$785.0K – $1.05M
NOI $62,798 @ 7.0% cap · market cap 8.38%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,224 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully vacant brick two-family with private driveway, built-in garage, and separate front and back basement entrances.
Where is this duplex located?
The property is located at 427 E 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Solid brick 2‑family home built in 1950 with a private driveway and built‑in garage; Unit layout: spacious 3‑bedroom/2‑bath duplex plus an over‑a‑1‑bedroom apartment; Full unfinished basement with separate entrances both front and back
