Two-Family Attached
200 31st Street Brooklyn, NY 11232
For Sale
$1,585,000
Two attached residential units in a three-story property built in 1910, with one unit leased through June 2026.
Property Size1,870 SF
Price / SF$847.59
Days on Market231
Property Features for 200 31st Street
General Information
- Standard status
- Active
- Size
- 1,870 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1910
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
(718) 687-9740
Listed By:
Francesca Trunzo · License #10301216081
(718) 687-9740
Source:
Compass
Added: Dec 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeService Cangiano Estates
Investment Insights
Based on property information with market context.
200 31st Street is a two-family attached, three-story residential income property built in 1910, with approximately 1,870 square feet across the building. The first-floor unit features three bedrooms, one full bath, and one half bath, along with abundant storage, a newly equipped set of kitchen appliances, and access to a private backyard/shed area. The second-floor unit has its own private entrance and includes one bedroom, one full bath, a living/family area, a kitchen, and an in-unit washer.
The upstairs unit is currently rented with a lease in place through June 2026, providing immediate rental income at the time of sale.
The property is being marketed as requiring updating and offers a flexible layout for an owner-occupant or investor looking to manage improvements over time.
The upstairs unit is currently rented with a lease in place through June 2026, providing immediate rental income at the time of sale.
The property is being marketed as requiring updating and offers a flexible layout for an owner-occupant or investor looking to manage improvements over time.
Key Highlights
- Two‑family attached home built in 1910 with approx. 1,870 sq ft across three stories
- First‑floor unit: 3 bedrooms, 1 full bath and 1 half bath, plus eat‑in kitchen with pantry and separate living room
- First‑floor unit includes access to a private backyard and shed/storage area
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 | $95.4k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $93.6k | $50.03 |
| − OpEx | −$28.1k | −$15.01 |
| NOI | $65.5k | $35.02 |
1,870 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$935.6K
$818.6K – $1.09M
NOI $65,491 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$815.6K
$713.6K – $951.5K
NOI $57,089 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.81M
NOI $108,385 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two attached residential units in a three-story property built in 1910, with one unit leased through June 2026.
Where is this duplex located?
The property is located at 200 31st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,585,000.
What are key features of this property?
This property features: Two‑family attached home built in 1910 with approx. 1,870 sq ft across three stories; First‑floor unit: 3 bedrooms, 1 full bath and 1 half bath, plus eat‑in kitchen with pantry and separate living room; First‑floor unit includes access to a private backyard and shed/storage area
