Duplex with Private
New
For Sale
$1,175,000
1504 E 37th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,524 SF
Lot Size0.06 Acres
Price / SF$770
Days on Market1
Property Features for 1504 E 37th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Flatlands
Standard status
Active
Size
1,524 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8045
Amenities
kosher kitchen
split air conditioning and heating
private backyard
finished basement
washer/dryer hookups
converted garage office
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet, Tile
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Ideal Properties Realty, LLC
Listed By:
Dalia Samouha
(718) 576-2663
Added: Oct 26
Last Checked: Oct 26 at 6:06PM
MLS# 505623
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.
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Investment Insights
Based on property information with market context.
This 1,524-square-foot duplex sits on a 0.0562-acre lot and was built in 1930. Interior features include an open living and dining area, three bedrooms, and a finished basement with a playroom, separate room, office, and three-quarter bathroom. Split-system air conditioning and heat serve the property; the basement and part of the first floor are heated. A garage has been converted into an office with electricity and plumbing, and the property also includes a private driveway and backyard.
The property is zoned R4 and is located in Brooklyn, NY. The interior includes tile and carpet flooring, a dishwasher, range, refrigerator, microwave, and laundry hookups.
The property is zoned R4 and is located in Brooklyn, NY. The interior includes tile and carpet flooring, a dishwasher, range, refrigerator, microwave, and laundry hookups.
Key Highlights
- 1,524‑square‑foot duplex on a 0.0562‑acre lot
- R4 zoning
- Finished basement with playroom, separate room, office, and three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,373
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,460
$1.1M
Cap Rate 7%
$762,471
$762.5K
Cap Rate 9%
$593,033
$593.0K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$77.7K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.2K $50.03/SF
− OpEx
−$22.9K −$15.01/SF
NOI
$53.4K $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 Rate 5%
$1,067,460
Cap Rate 7%
$762,471
Cap Rate 9%
$593,033
Alternative Uses
Best Use
Multifamily LT 5
$762.5K
$667.2K – $889.6K
NOI $53,373 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$664.7K
$581.6K – $775.4K
NOI $46,526 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,331 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,456
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned property includes a finished basement and a garage converted to office space.
Where is this duplex located?
The property is located at 1504 E 37th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 1,524‑square‑foot duplex on a 0.0562‑acre lot; R4 zoning; Finished basement with playroom, separate room, office, and three‑quarter bathroom
