Victorian Duplex with Finished
For Sale
$1,999,000
1322 New York Avenue, Brooklyn, NY 11203
Residential, Victorian, Brooklyn, NY
Property Size1,848 SF
Lot Size0.09 Acres
Price / SF$1,081
Days on Market251
Property Features for 1322 New York Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Interior features
Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,848 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6760
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Carpet, Ceramic, Hardwood, Tile
Building materials
Wood Frame
Roof type
Flat
Architectural style
Victorian
Listing Agency:
Century 21 Achievers
Listed By:
Troy A Sadio
(718) 758-0600
Added: Dec 31, 2025
Changed: Sep 5
Last Checked: Sep 8 at 12:06PM
MLS# 498082
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this 1,848-square-foot duplex is configured as a two-family residence with a finished basement. The wood-frame structure features Victorian architectural detailing, a flat roof, and a mix of ceramic, hardwood, carpet, and tile flooring. Interior appliances include a microwave, refrigerator, and stove.
The property occupies 0.0941 acres at 1322 New York Avenue in Brooklyn, NY 11203. On-site parking accommodates up to 6 cars, adding practical utility for a multi-family residential setup. The parcel is zoned R6 and includes two bathrooms.
The property occupies 0.0941 acres at 1322 New York Avenue in Brooklyn, NY 11203. On-site parking accommodates up to 6 cars, adding practical utility for a multi-family residential setup. The parcel is zoned R6 and includes two bathrooms.
Key Highlights
- 1,848 square feet of building area
- Two‑family duplex configuration
- Finished basement
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
$64,720
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
3.24%
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%
$1,294,400
$1.3M
Cap Rate 7%
$924,571
$924.6K
Cap Rate 9%
$719,111
$719.1K
Market Conditions
NOI Build-Up for 1,848 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
$94.2K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.5K $50.03/SF
− OpEx
−$27.7K −$15.01/SF
NOI
$64.7K $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%
$1,294,400
Cap Rate 7%
$924,571
Cap Rate 9%
$719,111
Alternative Uses
Best Use
Multifamily LT 5
$924.6K
$809.0K – $1.08M
NOI $64,720 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$806.0K
$705.2K – $940.3K
NOI $56,418 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,110 @ 7.0% cap · market cap 5.36%
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
3,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - Two-family property with on-site parking, R6 zoning, and a wood-frame Victorian design.
Where is this duplex located?
The property is located at 1322 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 1,848 square feet of building area; Two‑family duplex configuration; Finished basement
