Renovated Duplex With
For Sale
$824,000
1523 E 34th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size2,260 SF
Lot Size0.04 Acres
Price / SF$364.60
Days on Market159
Property Features for 1523 E 34th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, Dishwasher, Laundry Area, Porch, Refrigerator, Stove
Basement
Finished
Subdivision
Marine Park
Standard status
Active
Size
2,260 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8925
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Jack Menashe
(718) 676-1755
Added: May 4
Changed: Oct 7
Last Checked: Oct 9 at 12:06PM
MLS# 501128
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 duplex property includes a three-bedroom, 1.5-bath residence on the second floor and a fully renovated studio apartment below. The lower level provides access to the backyard, while the property also includes a private driveway and attached garage. Interior features include wall-unit A/C, a dishwasher, laundry area, refrigerator, stove, hardwood and tile flooring, and a porch. The brick building was constructed in 1945 and contains 2,260 square feet.
Located in Brooklyn, the property is near shopping, restaurants, and a house of worship. It is zoned R4 and may be delivered vacant at closing or with a paying tenant, as specified for the transaction.
Located in Brooklyn, the property is near shopping, restaurants, and a house of worship. It is zoned R4 and may be delivered vacant at closing or with a paying tenant, as specified for the transaction.
Key Highlights
- 2,260‑square‑foot brick duplex building constructed in 1945
- Second‑floor residence includes 3 bedrooms and 1.5 baths
- Fully renovated lower‑level studio with backyard access/exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,995
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,900
$1.4M
Cap Rate 7%
$985,643
$985.6K
Cap Rate 9%
$766,611
$766.6K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$128.0K $56.64/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$125.4K $55.51/SF
− OpEx
−$56.5K −$24.98/SF
NOI
$69.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,900
Cap Rate 7%
$985,643
Cap Rate 9%
$766,611
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$989.4K – $1.32M
NOI $79,149 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$985.6K
$862.4K – $1.15M
NOI $68,995 @ 7.0% cap · market cap 8.37%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,990 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,020
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential property with a private driveway, attached garage, and lower-level studio with direct backyard access.
Where is this duplex located?
The property is located at 1523 E 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $824,000.
What are key features of this property?
This property features: 2,260‑square‑foot brick duplex building constructed in 1945; Second‑floor residence includes 3 bedrooms and 1.5 baths; Fully renovated lower‑level studio with backyard access/exit
