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Two-Family Home with Expansion Potential
For Sale
$1,600,000

187 31st St, Brooklyn, NY 11232

Two separate apartments with an unfinished, accessible basement and private yard, plus unused FAR for future expansion.

Property SizeContact for details
Days on Market48

Property Features for 187 31st St

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1920
Listing Agency: Pecoraro Realty of NYC, LLC
Listed By: Kathy Samaris
Source: Elliman
Added: Jun 18 Changed: Jul 10 Last Checked: Aug 4 at 8:44AM

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 Pecoraro Realty of NYC, LLC

Investment Insights

Based on property information with market context.

This classic two-family home offers two independently laid out apartments plus an unfinished basement with flexible space. The first-floor unit includes three bedrooms, a full bath, and a kitchen dinette with pantry. The second-floor unit features a large bedroom, living room, a small office, a kitchen, and a full bath with a skylight. The unfinished basement includes a main space and a laundry room, with access from both the front and the backyard, supporting a variety of future improvements. Outside, the property provides a private backyard and an additional shed for storage, while original character and unused FAR create opportunity for the right buyer’s expansion plans.

Located at 187 31st Street in Greenwood Heights, the home sits at the crossroads of the South Slope and Industry City. Transit access is described as convenient, with the R train at 25th Street and the D/N/R express at 36th Street just minutes away. Walk and bike accessibility are also strong, with Walk Score 98 (Walker’s Paradise) and Bike Score 79 (Very Bikeable), supported by a Transit Score of 100 (Rider’s Paradise).

For buyers seeking a residential income property or a multi-unit home, the existing two-apartment configuration provides immediate rental-use flexibility, while the unfinished basement and unused FAR support customization over time. The front-and-back basement access and private outdoor space make the property practical for day-to-day use, storage, and renovation planning.

Key Highlights

  • Two‑family home built in 1920 with two separate apartments
  • First‑floor apartment: 3 bedrooms, full bath, and kitchen dinette with pantry
  • Second‑floor apartment: large bedroom, living room, small office, kitchen, and full bath with skylight

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hair Salon Dental Office Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,673
Businesses Nearby

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

Properties on Market for Duplexes in Brooklyn

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate apartments with an unfinished, accessible basement and private yard, plus unused FAR for future expansion.
Where is this duplex located?
The property is located at 187 31st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with two separate apartments; First‑floor apartment: 3 bedrooms, full bath, and kitchen dinette with pantry; Second‑floor apartment: large bedroom, living room, small office, kitchen, and full bath with skylight
More about this property
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