Three-Story Duplex with
New
For Sale
$1,499,000
431 36th Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size1,530 SF
Lot Size0.05 Acres
Price / SF$979.74
Days on Market3
Property Features for 431 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Patio and Porch features
Deck, Patio
Interior features
Deck, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Refrigerator, Stove, Terrace, Washer
Basement
Finished, Full
Subdivision
Greenwood Heights
Standard status
Active
Size
1,530 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5397
Amenities
rear deck
private backyard
finished basement
Building Details
Year built
1899
Floors in Building
3
Number of units
2
Flooring type
Ceramic, Concrete
Building materials
Block, Brick, Steel
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Evelyn Garcia
(718) 612-3088
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 4 at 5:06AM
MLS# 504239
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 attached duplex in Brooklyn’s Greenwood area contains 1,530 square feet across three stories, with four full bathrooms and a finished basement featuring its own entrance. The property includes a rear deck, private backyard, patio, terrace, laundry area, dishwasher, washer, dryer, microwave, refrigerator, and stove. Brick, block, and steel construction, ceramic and concrete flooring, and a rubber roof are also present. Built in 1899, the residence can support separate two-family occupancy or use as one connected home, subject to applicable requirements.
The property is located at 431 36th Street, near the 36th Street subway station, served by the D, N, and R lines. Industry City and Costco are nearby, along with local shopping, dining, and neighborhood services. The lot measures 0.0527 acres and carries a Brooklyn 11232 address.
The property is located at 431 36th Street, near the 36th Street subway station, served by the D, N, and R lines. Industry City and Costco are nearby, along with local shopping, dining, and neighborhood services. The lot measures 0.0527 acres and carries a Brooklyn 11232 address.
Key Highlights
- 1,530‑square‑foot attached duplex arranged across three stories
- Four full bathrooms plus a finished basement with separate entrance
- Rear deck, patio, terrace, and private backyard
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
$53,583
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
3.57%
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%
$1,071,660
$1.1M
Cap Rate 7%
$765,471
$765.5K
Cap Rate 9%
$595,367
$595.4K
Market Conditions
NOI Build-Up for 1,530 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
$78.0K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.5K $50.03/SF
− OpEx
−$23.0K −$15.01/SF
NOI
$53.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,071,660
Cap Rate 7%
$765,471
Cap Rate 9%
$595,367
Alternative Uses
Best Use
Multifamily LT 5
$765.5K
$669.8K – $893.1K
NOI $53,583 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$667.3K
$583.9K – $778.5K
NOI $46,709 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,679 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Attached two-family residence with a finished basement, rear deck, and private outdoor space.
Where is this duplex located?
The property is located at 431 36th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 1,530‑square‑foot attached duplex arranged across three stories; Four full bathrooms plus a finished basement with separate entrance; Rear deck, patio, terrace, and private backyard
