Semi-Detached Brick
303 Avenue N Brooklyn, NY 11230
303 Avenue N, Brooklyn, NY, 11230
$2,188,000
For Sale
$2,188,000
Vacant semi-detached brick duplex with 3/3 bedrooms, split AC/heat, and private parking on a 20x100 lot.
Property Size2,368 SF
Lot Size0.05 Acres
Price / SF$923.99
Days on Market86
Property Features for 303 Avenue N
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
Brooklyn Residential R E Serv
(718) 676-1755
Listed by
Kim Stavrach
(718) 676-1755
Source
Elliman
Added: Apr 28 Updated: Jul 22 at 3:33AM Checked: Jul 22 at 3:33AM
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 Brooklyn Residential R E Serv
Investment Insights
Based on property information with market context.
Offered for sale: a semi-detached brick duplex at 303 Avenue N. The property is delivered vacant and features two units with 3 bedrooms each, split unit AC and heat, and basement access. Private parking is included, and the building was built in 1930.
The lot is listed as 20x100 for this parcel, with a combined option available if purchasing both 303 Avenue N and the adjacent property at 301 Ave N (corner location). The building footprint is listed as 20x57 (DOB 2,368sf).
Zoning is reported as R5-OP with FAR of 1.18/1.25, allowing buildable space up to approximately 2,500sf per unit (or approximately 5,000sf combined if developed together). Taxes are listed as $10,160.
The lot is listed as 20x100 for this parcel, with a combined option available if purchasing both 303 Avenue N and the adjacent property at 301 Ave N (corner location). The building footprint is listed as 20x57 (DOB 2,368sf).
Zoning is reported as R5-OP with FAR of 1.18/1.25, allowing buildable space up to approximately 2,500sf per unit (or approximately 5,000sf combined if developed together). Taxes are listed as $10,160.
Key Highlights
- Vacant semi‑detached brick duplex built in 1930 with private parking
- Layout offers 3/3 bedrooms and split AC and heat
- 20x100 lot size per property (40x100 combined) with 20x57 building footprint
Local 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 | $120.8k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $118.5k | $50.03 |
| − OpEx | −$35.5k | −$15.01 |
| NOI | $82.9k | $35.02 |
2,368 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,931 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,249 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brooklyn Public Library ...
Public Library
Little Fantasy
Nail Salon
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FAQs
What type of property is this?
Duplex - Vacant semi-detached brick duplex with 3/3 bedrooms, split AC/heat, and private parking on a 20x100 lot.
Where is this duplex located?
The property is located at 303 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Vacant semi‑detached brick duplex built in 1930 with private parking; Layout offers 3/3 bedrooms and split AC and heat; 20x100 lot size per property (40x100 combined) with 20x57 building footprint
