Three-Story Duplex with
For Sale
$1,275,000
Pending
200 31st St, Brooklyn, NY 11232
Two separately entered units include a three-bedroom main residence and a leased one-bedroom apartment.
Property Size1,870 SF
Days on Market342
Property Features for 200 31st St
General Information
Standard status
Pending
Size
1,870 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
Listed By:
Francesca Trunzo · License #10301216081
(718) 605-5800
Source:
Statenislandhomelistings
Added: Nov 19, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:47PM
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
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Investment Insights
Based on property information with market context.
Built in 1910, this attached duplex spans three stories and approximately 1,870 square feet. The primary residence offers three bedrooms, one full bath, one half bath, storage, and a kitchen equipped with brand-new appliances, along with access to a private backyard and shed area. A separate upper-level entrance leads to a one-bedroom apartment with a full bath, living area, kitchen, and in-unit washer. The home requires updating and includes original character, including brick beneath the sheetrock.
The upper unit is leased through June 2026. The property is near Greenwood Cemetery, neighborhood restaurants, cafés, breweries, and independent shops, with access to the R, N, and D trains. Park Slope, Sunset Park, Industry City, and Downtown Brooklyn are also identified as nearby destinations.
The upper unit is leased through June 2026. The property is near Greenwood Cemetery, neighborhood restaurants, cafés, breweries, and independent shops, with access to the R, N, and D trains. Park Slope, Sunset Park, Industry City, and Downtown Brooklyn are also identified as nearby destinations.
Key Highlights
- Attached duplex built in 1910 with three stories and approximately 1,870 sq ft
- Main residence includes 3 bedrooms, 1 full bath, and 1 half bath
- Separate 1‑bedroom upper unit has its own entrance and in‑unit washer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,491
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,820
$1.3M
Cap Rate 7%
$935,586
$935.6K
Cap Rate 9%
$727,678
$727.7K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$95.4K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.6K $50.03/SF
− OpEx
−$28.1K −$15.01/SF
NOI
$65.5K $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 Rate 5%
$1,309,820
Cap Rate 7%
$935,586
Cap Rate 9%
$727,678
Alternative Uses
Best Use
Multifamily LT 5
$935.6K
$818.6K – $1.09M
NOI $65,491 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$815.6K
$713.6K – $951.5K
NOI $57,089 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.81M
NOI $108,385 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,673
Businesses Nearby
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Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units include a three-bedroom main residence and a leased one-bedroom apartment.
Where is this duplex located?
The property is located at 200 31st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Attached duplex built in 1910 with three stories and approximately 1,870 sq ft; Main residence includes 3 bedrooms, 1 full bath, and 1 half bath; Separate 1‑bedroom upper unit has its own entrance and in‑unit washer
