Renovation-Ready Two-Family
For Sale
$750,000
Pending
160 E 31ST St, Brooklyn, NY 11226
Brick duplex with a backyard, separate apartment, and flexible residential layout near multiple subway and bus routes.
Property Size786 SF
Days on Market172
Property Features for 160 E 31ST St
General Information
Standard status
Pending
Size
786 SF
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
would benefit from a full renovation
Units
Unit Mix
1 x 4BR/1.5BA duplex, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,648
Amenities
backyard
Building Details
Building Size
786 SF
Year Built
1910
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
280 Metropolitan
Listed By:
David Malkoukian · License #10301219547
(347) 828-1045
Source:
Elliman
Added: May 9
Changed: Oct 26
Last Checked: Oct 26 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 280 Metropolitan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
160 E 31st St is a two-family brick duplex in Brooklyn with approximately 2,400 square feet, five bedrooms, and two-and-a-half bathrooms. The upper duplex contains four bedrooms and one-and-a-half bathrooms, with direct access to the backyard. A separate lower apartment provides one bedroom and one bathroom. The property requires a full renovation and offers generous room sizes and natural light for a redesigned residential layout.
Transit access includes the 2 and 5 subway lines at Newkirk Avenue-Little Haiti station and the B and Q lines at Church Avenue station. The B8, B44, and B35 bus routes are also nearby. Key Food, Associated Supermarkets, ShopRite, neighborhood restaurants, coffee shops, local services, and nearby parks serve the surrounding area. The property was built in 1910.
Transit access includes the 2 and 5 subway lines at Newkirk Avenue-Little Haiti station and the B and Q lines at Church Avenue station. The B8, B44, and B35 bus routes are also nearby. Key Food, Associated Supermarkets, ShopRite, neighborhood restaurants, coffee shops, local services, and nearby parks serve the surrounding area. The property was built in 1910.
Key Highlights
- Two‑family brick duplex at 160 E 31st St, Brooklyn, NY 11226
- Approximately 2,400 square feet with five bedrooms and two‑and‑a‑half bathrooms
- Upper duplex includes four bedrooms, one‑and‑a‑half bathrooms, and direct backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,837
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
$1.2M
Cap Rate 7%
$869,100
$869.1K
Cap Rate 9%
$675,967
$676.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$90.7K $37.80/SF
− Vacancy
−$3.8K −$1.59/SF
EGI
$86.9K $36.21/SF
− OpEx
−$26.1K −$10.86/SF
NOI
$60.8K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
Cap Rate 7%
$869,100
Cap Rate 9%
$675,967
Alternative Uses
Best Use
Multifamily LT 5
$869.1K
$760.5K – $1.01M
NOI $60,837 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$803.8K
$703.3K – $937.7K
NOI $56,264 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,036 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with a backyard, separate apartment, and flexible residential layout near multiple subway and bus routes.
Where is this duplex located?
The property is located at 160 E 31ST St Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family brick duplex at 160 E 31st St, Brooklyn, NY 11226; Approximately 2,400 square feet with five bedrooms and two‑and‑a‑half bathrooms; Upper duplex includes four bedrooms, one‑and‑a‑half bathrooms, and direct backyard access
