Duplex Property with Detached
For Sale
$749,000
1173 E 31st Street, Brooklyn, NY 11210
Residential, Duplex, Brooklyn, NY
Property Size1,352 SF
Lot Size0.05 Acres
Price / SF$553.99
Days on Market51
Property Features for 1173 E 31st Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking features
Garage - Detached
Interior features
A/C Unit - Window
Basement
Unfinished
Subdivision
Midwood
Standard status
Active
Size
1,352 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7580
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood, Tile
Architectural style
Other
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Charles D'Alessandro
(718) 645-1665
Added: Sep 6
Changed: Oct 20
Last Checked: Oct 26 at 2:06PM
MLS# 504308
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.
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Investment Insights
Based on property information with market context.
This R4-zoned duplex property was built in 1925 and contains 1,352 square feet on a 0.0459-acre lot. The layout includes three bedrooms and one full bathroom, with hardwood and tile flooring. A window A/C unit is also present.
The property includes parking and a detached garage. Its 1,173 E 31st Street address places it in Brooklyn, NY 11210, with shopping, restaurants, and transportation identified nearby. The home requires renovation and offers an existing residential structure for a future update.
The property includes parking and a detached garage. Its 1,173 E 31st Street address places it in Brooklyn, NY 11210, with shopping, restaurants, and transportation identified nearby. The home requires renovation and offers an existing residential structure for a future update.
Key Highlights
- R4 zoning
- 1,352 square feet on a 0.0459‑acre lot
- Three bedrooms and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,349
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,980
$947.0K
Cap Rate 7%
$676,414
$676.4K
Cap Rate 9%
$526,100
$526.1K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$69.0K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.6K $50.03/SF
− OpEx
−$20.3K −$15.01/SF
NOI
$47.3K $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 Rate 5%
$946,980
Cap Rate 7%
$676,414
Cap Rate 9%
$526,100
Alternative Uses
Best Use
Multifamily LT 5
$676.4K
$591.9K – $789.2K
NOI $47,349 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$589.6K
$515.9K – $687.9K
NOI $41,275 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$1.12M
$979.5K – $1.31M
NOI $78,362 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned residential property with three bedrooms, one full bath, parking, and a detached garage.
Where is this duplex located?
The property is located at 1173 E 31st 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: R4 zoning; 1,352 square feet on a 0.0459‑acre lot; Three bedrooms and one full bathroom
