Spacious Detached Home with
For Sale
$1,699,000
3402 Avenue J, Brooklyn, NY 11210
Oversized home with flexible layout, rental potential, and modern amenities.
Property Size2,350 SF
Lot Size0.06 Acres
Days on Market114
Property Features for 3402 Avenue J
General Information
Standard status
Active
Size
2,350 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,039
Building Details
Building Size
2,350 SF
Year Built
1925
Stories
2
Listing Agency:
Talk of the Town Realty Corp.
(718) 251-7400
Listed By:
Glenna Werner
(718) 251-7400
Source:
Elliman
Added: Apr 22
Changed: Aug 13
Last Checked: Aug 12 at 10:05AM
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 Talk of the Town Realty Corp.
Investment Insights
Based on property information with market context.
This fully detached, oversized home is situated on a 25x100 lot with building dimensions of 20x55. The owner's duplex features an open layout that includes a large, modern kitchen equipped with stainless steel appliances and quartz countertops. The space also incorporates a formal dining room and a bright living room that opens onto a spacious deck suitable for entertaining. This level also includes two additional rooms that can serve as bedrooms, a library, or a home office. The upper level contains two more bedrooms, an office, and a ¾ bath. The first floor offers a separate, updated kitchen, a living room, two bedrooms, an additional office/bedroom, and two full baths, making it suitable for extended living arrangements or rental opportunities. Additional features include a large basement, a private backyard with a jacuzzi, a two-car garage, and extra parking. The property is conveniently located near shopping, dining, and transportation. The location has a bike score of 64, indicating it is bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 79, indicating excellent transit options.
Key Highlights
- Oversized, fully detached home on a 25x100 lot with a 20x55 build, offering exceptional space.
- Owner's duplex features a large modern kitchen with stainless steel appliances and quartz countertops, ideal for entertaining.
- First floor apartment with updated kitchen, living room, 2 bedrooms, office/bedroom, and 2 full baths, suitable for extended living or rental income.
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
$82,301
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
4.84%
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%
$1,646,020
$1.6M
Cap Rate 7%
$1,175,729
$1.2M
Cap Rate 9%
$914,456
$914.5K
Market Conditions
NOI Build-Up for 2,350 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
$119.9K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$117.6K $50.03/SF
− OpEx
−$35.3K −$15.01/SF
NOI
$82.3K $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 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%
$1,646,020
Cap Rate 7%
$1,175,729
Cap Rate 9%
$914,456
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,301 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.02M
$896.8K – $1.20M
NOI $71,743 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,206 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,464
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
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 - Oversized home with flexible layout, rental potential, and modern amenities.
Where is this duplex located?
The property is located at 3402 Avenue J Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Oversized, fully detached home on a 25x100 lot with a 20x55 build, offering exceptional space.; Owner's duplex features a large modern kitchen with stainless steel appliances and quartz countertops, ideal for entertaining.; First floor apartment with updated kitchen, living room, 2 bedrooms, office/bedroom, and 2 full baths, suitable for extended living or rental income.
