Detached Two-Family Brick
For Sale
$1,700,000
1214 E 34th Street, Brooklyn, NY 11210
Two matching four-bedroom residences are complemented by a finished basement with its own entrance.
Property Size2,680 SF
Lot Size0.06 Acres
Price / SF$634.33
Days on Market27
Property Features for 1214 E 34th Street
General Information
Standard status
Active
Size
2,680 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R4
Units
Unit Mix
2 x 4BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,080
Amenities
private backyard garden
Washer/Dryer Hookup
Building Details
Building Size
2,680 SF
Year Built
1935
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Hasan Bari
(929) 363-8728
Source:
Croninreale
Added: Sep 30
Changed: Oct 25
Last Checked: Oct 26 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Voro LLC
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Investment Insights
Based on property information with market context.
This detached brick duplex, built in 1935, contains two matching floor plans, each with four bedrooms and 1.5 bathrooms. The full finished basement adds four rooms, a full bathroom, and a separate entrance. The property measures approximately 2,680 sq ft, with approximately 1,340 sq ft of finished basement space, on a 26 x 100 lot. Zoning is R4.
Recent renovation work included new electrical service throughout, new gas meters, plumbing line updates, a new boiler, and renovated kitchens and bathrooms on both floors. Exterior features include a detached garage, shared driveway, and private backyard garden. The home is at 1214 E 34th Street in Brooklyn, near Brooklyn College, the 2/5 at Flatbush Avenue, and shops on Avenue M and Nostrand Avenue.
Recent renovation work included new electrical service throughout, new gas meters, plumbing line updates, a new boiler, and renovated kitchens and bathrooms on both floors. Exterior features include a detached garage, shared driveway, and private backyard garden. The home is at 1214 E 34th Street in Brooklyn, near Brooklyn College, the 2/5 at Flatbush Avenue, and shops on Avenue M and Nostrand Avenue.
Key Highlights
- Legal two‑family detached brick home with matching four‑bedroom floor plans
- Each floor has 4 bedrooms and 1.5 bathrooms
- Finished basement has 4 rooms, 1 full bath, and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,858
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,877,160
$1.9M
Cap Rate 7%
$1,340,829
$1.3M
Cap Rate 9%
$1,042,867
$1.0M
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$136.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$134.1K $50.03/SF
− OpEx
−$40.2K −$15.01/SF
NOI
$93.9K $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%
$1,877,160
Cap Rate 7%
$1,340,829
Cap Rate 9%
$1,042,867
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,858 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,504
Businesses Nearby
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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 - Two matching four-bedroom residences are complemented by a finished basement with its own entrance.
Where is this duplex located?
The property is located at 1214 E 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Legal two‑family detached brick home with matching four‑bedroom floor plans; Each floor has 4 bedrooms and 1.5 bathrooms; Finished basement has 4 rooms, 1 full bath, and a separate entrance
