Two-Family Duplex with
For Sale
$1,275,000
200 31st Street, Brooklyn, NY 11232
MULTI_FAMILY - Brooklyn, NY
Property Size1,870 SF
Lot Size0.03 Acres
Price / SF$681.82
Days on Market267
Property Features for 200 31st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6-B
Bedrooms
5
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
Parking features
On Street
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Fencing
Fenced
Lot features
Front Yard, Back Yard
Subdivision
Greenwood Heights
Standard status
Active
APN
00677-0023
Size
1,870 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5030
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Amenities
private backyard
in-unit washer
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
(718) 605-5800
Listed By:
Francesca Trunzo · License #10301216081
(718) 605-5800
Added: Dec 1, 2025
Changed: Aug 7
Last Checked: Aug 25 at 4:06AM
MLS# 2506918
Copyright © 2026 Staten Island Board of Realtors. 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.
200 31st Street is a two-family attached duplex built in 1910, spanning three stories and approximately 1,870 SF. The home features a flexible layout with ceiling fan(s), natural gas hot water heating, and aluminum siding. The first-floor unit has 3 bedrooms, 1 full bath, and 1 half bath, plus abundant storage and access to the private backyard/shed area and patio for outdoor use. The second-floor unit has its own private entrance and includes 1 bedroom, 1 full bath, a living/family area, kitchen, and an in-unit washer.
The property sits on a lot of approximately 0.0345 acres and is zoned R6-B. Parking is on street, and the home connects to public sewer.
The upstairs unit is currently rented with a lease in place through June 2026, providing immediate rental income while the home is updated over time.
The property sits on a lot of approximately 0.0345 acres and is zoned R6-B. Parking is on street, and the home connects to public sewer.
The upstairs unit is currently rented with a lease in place through June 2026, providing immediate rental income while the home is updated over time.
Key Highlights
- Two‑family attached duplex built in 1910 with three‑story layout
- Approximately 1,870 SF total floor area
- Lot size approximately 0.0345 acres
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
$65,491
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
5.14%
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%
$1,309,820
$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
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
$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 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%
$1,309,820
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,673
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family attached duplex in R6-B zoned Brooklyn with a private patio/backyard area and a second-floor rental lease 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 $1,275,000.
What are key features of this property?
This property features: Two‑family attached duplex built in 1910 with three‑story layout; Approximately 1,870 SF total floor area; Lot size approximately 0.0345 acres
