Renovated Brick One-Family
1721 E 31st Street Brooklyn, NY 11234
For Sale
$1,069,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,890 SF
Lot Size0.05 Acres
Price / SF$565.61
Days on Market75
Property Features for 1721 E 31st Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Parking features
- Garage - Detached
- Interior features
- Central Air - Split, Dishwasher, Dryer, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,890 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7505
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
Pride Estates
(718) 569-2888
Listed By:
Danny D. Chung
(718) 569-2888
Added: May 13
Changed: Jul 20
Last Checked: Jul 26 at 8:06PM
MLS# 501384
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.
Renovated brick one-family home offering a comfortable, functional layout across three levels. The top floor features three bedrooms and a full bathroom. The middle floor includes an open concept living and dining area with a modern kitchen, with access to a private outdoor space. A fully finished basement provides a large open area, a three-quarter bathroom, and a laundry/heating room.
The home includes hardwood floors, a sprinkler system, split system air conditioning, bright modern lighting, and granite countertops with modern cabinetry. Interior appointments include custom built-in closets and two kitchen sinks. Additional improvements noted include a seven-year-old boiler and a relaxing outdoor back patio, along with a detached garage.
Zoned R3-2, the property is located in Brooklyn and is described as convenient to shopping, schools, restaurants, places of worship, parks, and public transportation.
The home includes hardwood floors, a sprinkler system, split system air conditioning, bright modern lighting, and granite countertops with modern cabinetry. Interior appointments include custom built-in closets and two kitchen sinks. Additional improvements noted include a seven-year-old boiler and a relaxing outdoor back patio, along with a detached garage.
Zoned R3-2, the property is located in Brooklyn and is described as convenient to shopping, schools, restaurants, places of worship, parks, and public transportation.
Key Highlights
- Brick one‑family home built in 1935 with detached garage
- Top floor layout includes 3 bedrooms and a full bathroom
- Middle floor open concept with living room, dining area, and modern kitchen with access to a private outdoor space
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 | $107.0k | $56.64 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $104.9k | $55.51 |
| − OpEx | −$47.2k | −$24.98 |
| NOI | $57.7k | $30.53 |
1,890 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$824.3K
$721.3K – $961.7K
NOI $57,700 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Renovated brick one-family home with a private outdoor space, finished basement, detached garage, and updated systems.
Where is this single family property located?
The property is located at 1721 E 31st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,069,000.
What are key features of this property?
This property features: Brick one‑family home built in 1935 with detached garage; Top floor layout includes 3 bedrooms and a full bathroom; Middle floor open concept with living room, dining area, and modern kitchen with access to a private outdoor space
