Three-Bedroom
For Sale
$650,000
1565 E 49th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size868 SF
Lot Size0.05 Acres
Price / SF$748.85
Days on Market191
Property Features for 1565 E 49th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Interior features
A/C Unit, Refrigerator, Stove
Basement
Finished
Subdivision
Flatlands
Standard status
Active
Size
868 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5441
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
Paragon Real Estate
Listed By:
Michael Alexander
(718) 484-3611
Added: Apr 19
Changed: Oct 20
Last Checked: Oct 26 at 10:06PM
MLS# 500654
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 duplex property includes three bedrooms, one bathroom, a formal living room, a modern kitchen, and a finished basement that adds flexible interior space. Hardwood flooring, an A/C unit, refrigerator, and stove are included. The home was built in 1925 and occupies a 0.0497-acre lot, with a total property size of 868 square feet.
The property is located in Brooklyn, NY 11234, in the Flatlands area. It is situated near transportation and shopping, with a private backyard and a quiet, tree-lined setting. R3-2 zoning supports its residential classification.
The property is located in Brooklyn, NY 11234, in the Flatlands area. It is situated near transportation and shopping, with a private backyard and a quiet, tree-lined setting. R3-2 zoning supports its residential classification.
Key Highlights
- Duplex property with 3 bedrooms and 1 bathroom
- 868 square feet on a 0.0497‑acre lot
- R3‑2 zoning in Brooklyn, NY 11234
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,399
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,980
$608.0K
Cap Rate 7%
$434,271
$434.3K
Cap Rate 9%
$337,767
$337.8K
Market Conditions
NOI Build-Up for 868 SF
Gross rent
$44.3K $51.00/SF
− Vacancy
−$841 −$0.97/SF
EGI
$43.4K $50.03/SF
− OpEx
−$13.0K −$15.01/SF
NOI
$30.4K $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%
$607,980
Cap Rate 7%
$434,271
Cap Rate 9%
$337,767
Alternative Uses
Best Use
Multifamily LT 5
$434.3K
$380.0K – $506.7K
NOI $30,399 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$378.6K
$331.2K – $441.7K
NOI $26,499 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$718.7K
$628.9K – $838.5K
NOI $50,309 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,777
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential property with hardwood flooring, updated bathroom, finished basement, and private backyard.
Where is this duplex located?
The property is located at 1565 E 49th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex property with 3 bedrooms and 1 bathroom; 868 square feet on a 0.0497‑acre lot; R3‑2 zoning in Brooklyn, NY 11234
