Renovated Duplex with
New
For Sale
$1,199,000
1734 Coleman Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,470 SF
Lot Size0.06 Acres
Price / SF$815.65
Days on Market7
Property Features for 1734 Coleman Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
Garage - Detached
Patio and Porch features
Deck
Interior features
Central Air, Deck, Dishwasher, Dryer, Laundry Area, Pool, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Marine Park
Standard status
Active
Size
1,470 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8456
Amenities
central air
pool
custom closets
crown molding
stainless steel appliances
granite countertops
cathedral ceiling
attic storage
Building Details
Year built
1920
Floors in Building
2
Flooring type
Tile, Ceramic, Hardwood, Carpet
Architectural style
Other
Listing Agency:
Ben Bay Rlty of Marine Pk LLC
(718) 504-6442
Listed By:
Michael Fraulo
(718) 680-6442
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 21 at 7:06PM
MLS# 504551
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.
This detached duplex at 1734 Coleman Street offers 1,470 square feet with three bedrooms and two bathrooms. The property was built in 1920 and has been renovated with updated plumbing and electric, central air, Marvin windows, and a modern eat-in kitchen equipped with stainless steel appliances and granite countertops. Interior finishes include hardwood, ceramic, tile, and carpet flooring, along with custom closets, crown molding, and a cathedral ceiling in the primary bedroom.
Outdoor features include a rear deck, backyard pool with a new liner, and a detached garage. A stand-up attic provides storage, while the home also includes a laundry area, dishwasher, refrigerator, stove, washer, and dryer. The property is zoned R3-2 and occupies 0.0612 acres. Nearby transportation includes NYC bus routes B100, B2, B31, BM4, and B44, with Marine Park, its golf course, sports fields, playgrounds, and canoe and kayak launch area located nearby.
Outdoor features include a rear deck, backyard pool with a new liner, and a detached garage. A stand-up attic provides storage, while the home also includes a laundry area, dishwasher, refrigerator, stove, washer, and dryer. The property is zoned R3-2 and occupies 0.0612 acres. Nearby transportation includes NYC bus routes B100, B2, B31, BM4, and B44, with Marine Park, its golf course, sports fields, playgrounds, and canoe and kayak launch area located nearby.
Key Highlights
- 1,470‑square‑foot detached duplex with 3 bedrooms and 2 bathrooms
- Renovated with new plumbing and electric systems
- 0.0612‑acre lot with rear deck, backyard pool, and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,640
$1.0M
Cap Rate 7%
$735,457
$735.5K
Cap Rate 9%
$572,022
$572.0K
Market Conditions
NOI Build-Up for 1,470 SF
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.
Gross rent
$75.0K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$73.5K $50.03/SF
− OpEx
−$22.1K −$15.01/SF
NOI
$51.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,640
Cap Rate 7%
$735,457
Cap Rate 9%
$572,022
Alternative Uses
Best Use
Multifamily LT 5
$735.5K
$643.5K – $858.0K
NOI $51,482 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$641.1K
$561.0K – $748.0K
NOI $44,878 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,201 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,908
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
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Frequently Asked Questions
What type of property is this?
Duplex - Detached residence with a garage, central air, updated systems, and a landscaped outdoor setting.
Where is this duplex located?
The property is located at 1734 Coleman Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 1,470‑square‑foot detached duplex with 3 bedrooms and 2 bathrooms; Renovated with new plumbing and electric systems; 0.0612‑acre lot with rear deck, backyard pool, and detached garage
