Detached Duplex with Private
For Sale
$1,099,000
312 Avenue P, Brooklyn, NY 11204
Residential, Duplex, Brooklyn, NY
Property Size1,956 SF
Lot Size0.06 Acres
Price / SF$561.86
Days on Market90
Property Features for 312 Avenue P
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4A
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Garage - Attached
Patio and Porch features
Porch
Interior features
Dryer, Laundry Area, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Gravesend
Standard status
Active
Size
1,956 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8876
Amenities
private driveway
private garage
front porch
private balconies
finished basement
separate entrance
family room
bonus room
laundry area
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen · License #PC7262
(917) 536-3632
Added: Jul 13
Changed: Oct 10
Last Checked: Oct 10 at 11:06AM
MLS# 502859
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 detached brick duplex offers 1,956 square feet on a 0.0612-acre lot measuring 27 by 100 feet. The property includes four bedrooms and three bathrooms, along with a finished basement containing a family room, bonus room, bathroom, and laundry area. Hardwood and tile flooring, a front porch, private driveway, and outdoor areas add to the physical profile. The property is being sold as is with a tenant in place and is zoned R4A.
Located at 312 Avenue P in Brooklyn, the property is near supermarkets, restaurants, bakeries, pharmacies, banks, schools, parks, and shopping along Kings Highway. Public transportation options include the Avenue P F train station at McDonald Avenue, the N train at Bay Parkway station, and nearby bus service.
Located at 312 Avenue P in Brooklyn, the property is near supermarkets, restaurants, bakeries, pharmacies, banks, schools, parks, and shopping along Kings Highway. Public transportation options include the Avenue P F train station at McDonald Avenue, the N train at Bay Parkway station, and nearby bus service.
Key Highlights
- 1,956 SF detached brick duplex on a 0.0612‑acre lot
- 27 by 100‑foot lot with private driveway parking
- Four bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,502
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,040
$1.4M
Cap Rate 7%
$978,600
$978.6K
Cap Rate 9%
$761,133
$761.1K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$99.8K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.9K $50.03/SF
− OpEx
−$29.4K −$15.01/SF
NOI
$68.5K $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%
$1,370,040
Cap Rate 7%
$978,600
Cap Rate 9%
$761,133
Alternative Uses
Best Use
Multifamily LT 5
$978.6K
$856.3K – $1.14M
NOI $68,502 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$853.1K
$746.4K – $995.3K
NOI $59,715 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,370 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,837
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick residential income property with flexible living areas, outdoor space, and convenient access to shopping and public transportation.
Where is this duplex located?
The property is located at 312 Avenue P Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 1,956 SF detached brick duplex on a 0.0612‑acre lot; 27 by 100‑foot lot with private driveway parking; Four bedrooms and three bathrooms
