Duplex with Private
New
For Sale
$980,000
1640 E 34th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,152 SF
Lot Size0.04 Acres
Price / SF$850.69
Days on Market3
Property Features for 1640 E 34th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Interior features
A/C Unit - Window, Dishwasher, Dryer, Fireplace, Garage Door Opener(s), Microwave, Porch, Refrigerator, Washer
Fireplace
1
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
1,152 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6761
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Sufiya Syed
(718) 667-8000
Added: Jul 30
Last Checked: Aug 1 at 12:06AM
MLS# 503411
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.
1640 E 34th Street presents a duplex-style residential opportunity in Brooklyn with a brick exterior and a shingle roof. The home was built in 1920 and includes 3 bedrooms, 1 full bathroom, and 2 half bathrooms. Interior features include an A/C unit (window), fireplace, and a selection of appliances such as a dishwasher, microwave, refrigerator, washer, and dryer. A porch adds outdoor space, and the full basement provides additional flexible room for recreation, work, or storage.
Outside, the property offers a private driveway and a garage. A brand-new roof is included, supporting a more durable exterior envelope.
The lot size is 0.0434 acres with a property size of 1,152 square feet. The property is zoned R3-2, aligning it with residential use under that zoning designation.
Outside, the property offers a private driveway and a garage. A brand-new roof is included, supporting a more durable exterior envelope.
The lot size is 0.0434 acres with a property size of 1,152 square feet. The property is zoned R3-2, aligning it with residential use under that zoning designation.
Key Highlights
- Private driveway and garage with a porch and outdoor space
- Brand‑new roof with brick construction and shingle roofing
- 3 bedrooms with 1 full bathroom and 2 half bathrooms
Financial Insights For Multifamily LT 5
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 | $58.8k | $51.00 |
| − Vacancy | −$1.1k | −$0.97 |
| EGI | $57.6k | $50.03 |
| − OpEx | −$17.3k | −$15.01 |
| NOI | $40.3k | $35.02 |
1,152 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,764
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R3-2 zoned duplex with a private driveway, garage, full basement, and fireplace on a small lot in Brooklyn.
Where is this duplex located?
The property is located at 1640 E 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Private driveway and garage with a porch and outdoor space; Brand‑new roof with brick construction and shingle roofing; 3 bedrooms with 1 full bathroom and 2 half bathrooms
