Two-Family Limestone
For Sale
$959,999
316 E 32nd St, Brooklyn, NY 11226
Move-in ready two-family limestone home with direct access to an expansive backyard.
Property Size2,140 SF
Days on Market69
Property Features for 316 E 32nd St
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,070
Building Details
Building Size
2,140 SF
Year Built
1899
Stories
2
Listing Agency:
Citizens International Realty
Listed By:
Raul Vanrossum
(718) 282-6400
Source:
Elliman
Added: Jul 1
Changed: Sep 5
Last Checked: Sep 7 at 8:55AM
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 Citizens International Realty
Investment Insights
Based on property information with market context.
This move-in ready two-family limestone residence offers generously sized bedrooms and abundant natural light. The home provides direct access to an expansive backyard, making it well suited for outdoor gatherings.
Located centrally in Flatbush, the property is close to grocery stores, cafes, and shopping centers. It is also just minutes from Kings Theatre on Flatbush Avenue, with convenient access to the #2 and #5 trains a few blocks away.
The layout supports comfortable, family-friendly living across two units, with easy outdoor access from within the home.
Located centrally in Flatbush, the property is close to grocery stores, cafes, and shopping centers. It is also just minutes from Kings Theatre on Flatbush Avenue, with convenient access to the #2 and #5 trains a few blocks away.
The layout supports comfortable, family-friendly living across two units, with easy outdoor access from within the home.
Key Highlights
- Two‑family limestone residence built in 1899
- Move‑in ready home with direct access to an expansive backyard
- Centrally located in Flatbush near grocery stores, cafes, and shopping centers
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
$54,246
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
5.65%
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%
$1,084,920
$1.1M
Cap Rate 7%
$774,943
$774.9K
Cap Rate 9%
$602,733
$602.7K
Market Conditions
NOI Build-Up for 2,140 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
$80.9K $37.80/SF
− Vacancy
−$3.4K −$1.59/SF
EGI
$77.5K $36.21/SF
− OpEx
−$23.2K −$10.86/SF
NOI
$54.2K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /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%
$1,084,920
Cap Rate 7%
$774,943
Cap Rate 9%
$602,733
Alternative Uses
Best Use
Multifamily LT 5
$774.9K
$678.1K – $904.1K
NOI $54,246 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.06M
$925.5K – $1.23M
NOI $74,041 @ 7.0% cap · market cap 7.71%
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
3,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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 - Move-in ready two-family limestone home with direct access to an expansive backyard.
Where is this duplex located?
The property is located at 316 E 32nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,999.
What are key features of this property?
This property features: Two‑family limestone residence built in 1899; Move‑in ready home with direct access to an expansive backyard; Centrally located in Flatbush near grocery stores, cafes, and shopping centers
