Duplex with Finished
For Sale
$778,500
1349 E 103rd Street, Brooklyn, NY 11236
Residential, Duplex, Brooklyn, NY
Property Size1,152 SF
Lot Size0.06 Acres
Price / SF$675.78
Days on Market95
Property Features for 1349 E 103rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
r4-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Wall, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Canarsie
Standard status
Active
Size
1,152 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4862
Building Details
Year built
1955
Floors in Building
2
Flooring type
Ceramic, Hardwood, Carpet
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Barbara Horan
(718) 612-3088
Added: Jun 8
Changed: Sep 6
Last Checked: Sep 10 at 6:06AM
MLS# 502127
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.
This 1,152-square-foot brick duplex, built in 1955, includes three bedrooms, three bathrooms, a finished basement, and a full-length attic for additional storage. The main level combines an eat-in kitchen with a living and dining area, while hardwood, ceramic tile, and carpet appear throughout the home. The lower level offers high ceilings, built-in shelving, a private rear entrance, and a three-quarter bath. Additional features include a deck, porch, laundry area, and wall-mounted A/C unit.
The property occupies 0.0597 acres and includes a private driveway with parking for multiple vehicles, along with a large rear yard. New central gas heat was installed in 2020, and the roof is three years old. Located near Seaview Park, the Belt Parkway, shopping, restaurants, schools, and public transportation, the property is zoned R4-1.
The property occupies 0.0597 acres and includes a private driveway with parking for multiple vehicles, along with a large rear yard. New central gas heat was installed in 2020, and the roof is three years old. Located near Seaview Park, the Belt Parkway, shopping, restaurants, schools, and public transportation, the property is zoned R4-1.
Key Highlights
- 1,152‑square‑foot duplex on a 0.0597‑acre lot
- Three bedrooms and three bathrooms
- Finished basement with high ceilings, storage, three‑quarter bath, and private rear entrance
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
$40,345
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
5.18%
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%
$806,900
$806.9K
Cap Rate 7%
$576,357
$576.4K
Cap Rate 9%
$448,278
$448.3K
Market Conditions
NOI Build-Up for 1,152 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
$58.8K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$57.6K $50.03/SF
− OpEx
−$17.3K −$15.01/SF
NOI
$40.3K $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%
$806,900
Cap Rate 7%
$576,357
Cap Rate 9%
$448,278
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with three bedrooms, multiple bathrooms, private parking, and flexible lower-level space.
Where is this duplex located?
The property is located at 1349 E 103rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $778,500.
What are key features of this property?
This property features: 1,152‑square‑foot duplex on a 0.0597‑acre lot; Three bedrooms and three bathrooms; Finished basement with high ceilings, storage, three‑quarter bath, and private rear entrance
