Two-Bedroom Residential Income
1934 E 37th Street Brooklyn, NY 11234
1934 E 37th Street, Brooklyn, NY, 11234
$718,000
For Sale
$718,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,008 SF
Lot Size0.04 Acres
Price / SF$712.30
Days on Market60
Property Features for 1934 E 37th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
- Parking features
- Carport
- Interior features
- A/C Unit, Dryer, Refrigerator, Stove, Washer, Window Treatments
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,008 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4695
Building Details
- Year built
- 1925
- Flooring type
- Carpet, Laminate
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Tracey Real Estate
(718) 376-4994
3619 Ave S, Brooklyn, NY
Listed by
Paul Link
(718) 376-4994
Added: May 20 Checked: Jul 18 at 10:06 pm
MLS# 501631
Listing URL
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.
Situated at 1934 E 37th Street in Brooklyn, this 2-bedroom residential income-style home offers a covered front porch leading into a large living room and dining area, with a full kitchen beyond. The main level layout continues through to an outdoor rear yard with two storage sheds, plus a basement entrance.
On the top floor, there are two bedrooms, a full bath, and ample closet space. The basement is semi-finished and includes a 3/4 bath, a family room, and a dedicated laundry room. Zoned R3-2, the property is described as being in Marine Park, close to shopping, transportation, and the park.
On the top floor, there are two bedrooms, a full bath, and ample closet space. The basement is semi-finished and includes a 3/4 bath, a family room, and a dedicated laundry room. Zoned R3-2, the property is described as being in Marine Park, close to shopping, transportation, and the park.
Key Highlights
- 2‑bedroom home in Marine Park with living room, dining room, and full kitchen layout
- Covered front porch plus rear yard with 2 storage sheds
- Finished top floor includes 2 bedrooms, a new full bath, and lots of closets
Local 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 | $51.4k | $51.00 |
| − Vacancy | −$977 | −$0.97 |
| EGI | $50.4k | $50.03 |
| − OpEx | −$15.1k | −$15.01 |
| NOI | $35.3k | $35.02 |
1,008 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.3K – $588.4K
NOI $35,302 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$439.6K
$384.7K – $512.9K
NOI $30,773 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$834.6K
$730.3K – $973.7K
NOI $58,424 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-bedroom home with covered porch, rear yard and semi-finished basement featuring additional bath, family room, and laundry.
Where is this duplex located?
The property is located at 1934 E 37th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $718,000.
What are key features of this property?
This property features: 2‑bedroom home in Marine Park with living room, dining room, and full kitchen layout; Covered front porch plus rear yard with 2 storage sheds; Finished top floor includes 2 bedrooms, a new full bath, and lots of closets
