Multifamily Property with Detached
For Sale
$1,049,000
1627 E 32nd Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,600 SF
Lot Size0.06 Acres
Price / SF$655.63
Days on Market196
Property Features for 1627 E 32nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Interior features
A/C Unit, Refrigerator, Stove
Basement
Finished
Subdivision
Marine Park
Standard status
Active
Size
1,600 SF
Lot size
0.06 Acres
Amenities
private rear porches
Building Details
Flooring type
Parquet Wood
Building materials
Brick
Roof type
Flat
Buildings
1
Listing Agency:
Brisman Realty
Listed By:
Raizy Brisman
(718) 677-0988
Added: Apr 14
Changed: Oct 25
Last Checked: Oct 26 at 6:06PM
MLS# 500464
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 brick multifamily property contains three apartment layouts: a top-floor residence with two bedrooms and one bath, a first-floor residence with one bedroom and one bath, and a renovated basement apartment with two bedrooms and one bath. Parquet flooring, tiled bathrooms, and functional kitchens are among the interior features. Two private porches extend the living space, and a detached two-car garage provides on-site parking or storage options.
The property is at 1627 E 32nd Street in Brooklyn, near Avenue P. It occupies a 0.0574-acre lot and contains 1,600 square feet. The existing arrangement can serve as a multi-unit residential property or be converted to a single-family residence, as described in the property information.
The property is at 1627 E 32nd Street in Brooklyn, near Avenue P. It occupies a 0.0574-acre lot and contains 1,600 square feet. The existing arrangement can serve as a multi-unit residential property or be converted to a single-family residence, as described in the property information.
Key Highlights
- Three apartment layouts: 2 bedrooms and 1 bath upstairs, 1 bedroom and 1 bath on the first floor, and 2 bedrooms and 1 bath in the basement
- Detached 2‑car garage
- Two private rear porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,846
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,920
$976.9K
Cap Rate 7%
$697,800
$697.8K
Cap Rate 9%
$542,733
$542.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$90.6K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$88.8K $55.51/SF
− OpEx
−$40.0K −$24.98/SF
NOI
$48.8K $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%
$976,920
Cap Rate 7%
$697,800
Cap Rate 9%
$542,733
Alternative Uses
Best Use
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,555
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Three apartment layouts, rear porches, and a detached garage provide varied residential configurations.
Where is this multifamily property located?
The property is located at 1627 E 32nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Three apartment layouts: 2 bedrooms and 1 bath upstairs, 1 bedroom and 1 bath on the first floor, and 2 bedrooms and 1 bath in the basement; Detached 2‑car garage; Two private rear porches
