Brick Duplex with Finished
For Sale
$799,000
3 Harden Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,776 SF
Lot Size0.03 Acres
Price / SF$449.89
Days on Market49
Property Features for 3 Harden Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Garage - Attached, Garage
Patio and Porch features
Porch
Interior features
A/C Unit, Dishwasher, Laundry Area, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Old Mill Basin
Standard status
Active
Size
1,776 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6677
Amenities
front porch
side patio
hardwood floors
granite countertops
ceramic tile backsplash
fully finished basement
laundry room
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Added: Jul 15
Changed: Aug 30
Last Checked: Sep 1 at 9:06PM
MLS# 502949
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.
This 1,776-square-foot brick duplex, built in 1940, includes three bedrooms and two full bathrooms. The main level offers a living room, formal dining room, eat-in kitchen with granite countertops and ceramic tile backsplash, and access to a side patio. Hardwood flooring extends throughout the residence, while the finished basement adds a family or recreation room, full bathroom, separate laundry room, and front and rear entrances. Additional features include an A/C unit, dishwasher, refrigerator, stove, and washer.
The property occupies a 0.0253-acre lot and includes an attached garage, front porch, flat roof, and R5 zoning. Bus service is available via the B41, B7, B82, and Q35 routes. Shopping, restaurants, cafes, and everyday services are located along Kings Highway and Flatbush Avenue.
The property occupies a 0.0253-acre lot and includes an attached garage, front porch, flat roof, and R5 zoning. Bus service is available via the B41, B7, B82, and Q35 routes. Shopping, restaurants, cafes, and everyday services are located along Kings Highway and Flatbush Avenue.
Key Highlights
- 1,776‑square‑foot brick duplex on a 0.0253‑acre lot
- Three bedrooms and two full bathrooms
- Finished basement with recreation room, full bathroom, laundry room, and front and rear entrances
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
$62,199
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
7.78%
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%
$1,243,980
$1.2M
Cap Rate 7%
$888,557
$888.6K
Cap Rate 9%
$691,100
$691.1K
Market Conditions
NOI Build-Up for 1,776 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
$90.6K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$88.9K $50.03/SF
− OpEx
−$26.7K −$15.01/SF
NOI
$62.2K $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%
$1,243,980
Cap Rate 7%
$888,557
Cap Rate 9%
$691,100
Alternative Uses
Best Use
Multifamily LT 5
$888.6K
$777.5K – $1.04M
NOI $62,199 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$774.6K
$677.7K – $903.7K
NOI $54,219 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,937 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Three-bedroom residence with hardwood floors, a porch, attached garage, and finished lower-level living space.
Where is this duplex located?
The property is located at 3 Harden Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,776‑square‑foot brick duplex on a 0.0253‑acre lot; Three bedrooms and two full bathrooms; Finished basement with recreation room, full bathroom, laundry room, and front and rear entrances
