Two-Unit Duplex with
New
For Sale
$1,250,000
2342 E 17th Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size1,758 SF
Lot Size0.08 Acres
Price / SF$711.04
Days on Market1
Property Features for 2342 E 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,758 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8959
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Tile, Hardwood
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Oct 29
Last Checked: Oct 29 at 7:06PM
MLS# 505718
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.
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Investment Insights
Based on property information with market context.
This 1,758-square-foot duplex in Brooklyn contains two units: one with three bedrooms and another with two. A built-in garage provides on-site parking. Interior features include a refrigerator and stove, with tile and hardwood flooring. The property was built in 1940 and occupies a 0.0826-acre lot.
Located at 2342 E 17th Street, the property is zoned R4.
Located at 2342 E 17th Street, the property is zoned R4.
Key Highlights
- Two units: one three‑bedroom and one two‑bedroom
- 1,758 square feet on a 0.0826‑acre lot
- Built‑in garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,568
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,360
$1.2M
Cap Rate 7%
$879,543
$879.5K
Cap Rate 9%
$684,089
$684.1K
Market Conditions
NOI Build-Up for 1,758 SF
Gross rent
$89.7K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$88.0K $50.03/SF
− OpEx
−$26.4K −$15.01/SF
NOI
$61.6K $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%
$1,231,360
Cap Rate 7%
$879,543
Cap Rate 9%
$684,089
Alternative Uses
Best Use
Multifamily LT 5
$879.5K
$769.6K – $1.03M
NOI $61,568 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$766.7K
$670.9K – $894.5K
NOI $53,670 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$1.46M
$1.27M – $1.70M
NOI $101,894 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,288
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - The property combines two distinct bedroom layouts with garage parking and R4 zoning.
Where is this duplex located?
The property is located at 2342 E 17th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two units: one three‑bedroom and one two‑bedroom; 1,758 square feet on a 0.0826‑acre lot; Built‑in garage
