Two-Unit Duplex with
1523 E 34th Street Brooklyn, NY 11234
1523 E 34th Street, Brooklyn, NY, 11234
$840,000
For Sale
$840,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,260 SF
Lot Size0.04 Acres
Price / SF$371.68
Days on Market76
Property Features for 1523 E 34th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Wall, Dishwasher, Laundry Area, Porch, Refrigerator, Stove
- Basement
- Finished
- 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
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Brooklyn Residential R E Serv
(718) 676-1755
109B Avenue N, Brooklyn, NY
Listed by
Jack Menashe
(718) 676-1755
Added: May 4 Checked: Jul 18 at 3:06 pm
MLS# 501128
Listing URL
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 two-unit setup includes a 3-bedroom, 1.5-bath duplex on the second floor and a fully renovated studio apartment on the floor below. The home also features a private driveway with an attached garage, and the lower studio provides backyard access/exit. The property is described as having a 19 x 81 lot size and a 19 x 40 building size, built in 1945.
The property is zoned R4 and is listed with FAR figures of 1.47/.75 (overbuilt). The Department of Finance classification is shown as B3-2 family dwelling (one meter) with CO 126912 (1-family). Taxes for 2025 are listed as $8,924.92. Showings are by appointment only.
For tenants or buyers seeking rental income potential, the layout provides separate living space for the upstairs duplex and the renovated studio below, including exterior backyard access for the lower unit. The seller states the property can be delivered vacant at close or with a paying tenant, providing flexibility for an owner-occupant or investor plan.
The property is zoned R4 and is listed with FAR figures of 1.47/.75 (overbuilt). The Department of Finance classification is shown as B3-2 family dwelling (one meter) with CO 126912 (1-family). Taxes for 2025 are listed as $8,924.92. Showings are by appointment only.
For tenants or buyers seeking rental income potential, the layout provides separate living space for the upstairs duplex and the renovated studio below, including exterior backyard access for the lower unit. The seller states the property can be delivered vacant at close or with a paying tenant, providing flexibility for an owner-occupant or investor plan.
Key Highlights
- 3‑bedroom, 1.5‑bath duplex on the 2nd floor plus a fully renovated studio apartment on the lower level
- Private driveway and attached garage
- Studio apartment includes backyard access/exit
Local Financial Insights For Apartment 5plus
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 | $128.0k | $56.64 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $125.4k | $55.51 |
| − OpEx | −$56.5k | −$24.98 |
| NOI | $69.0k | $30.53 |
2,260 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$989.4K – $1.32M
NOI $79,149 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$985.6K
$862.4K – $1.15M
NOI $68,995 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,990 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with a renovated studio below and private driveway access, offered vacant at close or with tenant.
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 $840,000.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bath duplex on the 2nd floor plus a fully renovated studio apartment on the lower level; Private driveway and attached garage; Studio apartment includes backyard access/exit
