Semi-Detached Brick
For Sale
$2,188,000
303 Avenue N, Brooklyn, NY 11230
Vacant semi-detached brick duplex with 3/3 bedrooms, split AC/heat, and private parking on a 20x100 lot.
Property Size2,368 SF
Lot Size0.05 Acres
Price / SF$923.99
Days on Market96
Property Features for 303 Avenue N
General Information
Standard status
Active
Size
2,368 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Zoning
R5-OP
Amenities
split unit AC & heat
private parking
basement access
Building Details
Year Built
1930
Construction
semi-detached brick
Tenancy
Single
Listing Agency:
Brooklyn Residential R E Serv
(718) 676-1755
Listed By:
Kim Stavrach
(718) 676-1755
Source:
Elliman
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 31 at 10:03AM
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 Brooklyn Residential R E Serv
Investment Insights
Based on property information with market context.
Offered for sale: a semi-detached brick duplex at 303 Avenue N. The property is delivered vacant and features two units with 3 bedrooms each, split unit AC and heat, and basement access. Private parking is included, and the building was built in 1930.
The lot is listed as 20x100 for this parcel, with a combined option available if purchasing both 303 Avenue N and the adjacent property at 301 Ave N (corner location). The building footprint is listed as 20x57 (DOB 2,368sf).
Zoning is reported as R5-OP with FAR of 1.18/1.25, allowing buildable space up to approximately 2,500sf per unit (or approximately 5,000sf combined if developed together). Taxes are listed as $10,160.
The lot is listed as 20x100 for this parcel, with a combined option available if purchasing both 303 Avenue N and the adjacent property at 301 Ave N (corner location). The building footprint is listed as 20x57 (DOB 2,368sf).
Zoning is reported as R5-OP with FAR of 1.18/1.25, allowing buildable space up to approximately 2,500sf per unit (or approximately 5,000sf combined if developed together). Taxes are listed as $10,160.
Key Highlights
- Vacant semi‑detached brick duplex built in 1930 with private parking
- Layout offers 3/3 bedrooms and split AC and heat
- 20x100 lot size per property (40x100 combined) with 20x57 building footprint
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $118.5k | $50.03 |
| − OpEx | −$35.5k | −$15.01 |
| NOI | $82.9k | $35.02 |
2,368 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,931 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,249 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Vacant semi-detached brick duplex with 3/3 bedrooms, split AC/heat, and private parking on a 20x100 lot.
Where is this duplex located?
The property is located at 303 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Vacant semi‑detached brick duplex built in 1930 with private parking; Layout offers 3/3 bedrooms and split AC and heat; 20x100 lot size per property (40x100 combined) with 20x57 building footprint
