Brick Two-Family
New
For Sale
$925,000
313 E 31st Street, Brooklyn, NY 11226
Two apartments offer a three-bedroom upper layout and a two-bedroom lower layout, with both units set to be vacant at delivery.
Property Size2,280 SF
Lot Size0.05 Acres
Price / SF$405.70
Days on Market4
Property Features for 313 E 31st Street
General Information
Standard status
Active
Size
2,280 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,488
Amenities
washer/dryer
backyard
patio
Building Details
Building Size
2,280 SF
Year Built
1899
Construction
brick
Listing Agency:
Compass
Listed By:
Carlos Beltran · License #301377
(347) 292-8750
Source:
Carlinwright
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:15PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2,280-square-foot, two-family brick residence in Brooklyn dates to 1899 and contains two separate apartments: a three-bedroom, one-bathroom unit above a two-bedroom, one-bathroom unit. Interior details include hardwood floors, high ceilings, crown molding, ceiling medallions, a decorative fireplace, and a wood-spindle staircase. Both apartments are scheduled for delivery vacant.
The property occupies a 20-by-100-foot lot with a private backyard and patio. An unfinished basement has its own entrance, a bathroom, and a laundry area with a washer and dryer. The separate apartment layouts and basement amenities are key components of the property's configuration.
The property occupies a 20-by-100-foot lot with a private backyard and patio. An unfinished basement has its own entrance, a bathroom, and a laundry area with a washer and dryer. The separate apartment layouts and basement amenities are key components of the property's configuration.
Key Highlights
- Two‑family brick residence with 2,280 square feet
- Upper apartment: 3 bedrooms and 1 bathroom; lower apartment: 2 bedrooms and 1 bathroom
- Both apartments delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,795
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,900
$1.2M
Cap Rate 7%
$825,643
$825.6K
Cap Rate 9%
$642,167
$642.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$86.2K $37.80/SF
− Vacancy
−$3.6K −$1.59/SF
EGI
$82.6K $36.21/SF
− OpEx
−$24.8K −$10.86/SF
NOI
$57.8K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,900
Cap Rate 7%
$825,643
Cap Rate 9%
$642,167
Alternative Uses
Best Use
Multifamily LT 5
$825.6K
$722.4K – $963.3K
NOI $57,795 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$763.6K
$668.1K – $890.8K
NOI $53,450 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.13M
$986.1K – $1.31M
NOI $78,884 @ 7.0% cap · market cap 8.53%
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
3,982
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer a three-bedroom upper layout and a two-bedroom lower layout, with both units set to be vacant at delivery.
Where is this duplex located?
The property is located at 313 E 31st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑family brick residence with 2,280 square feet; Upper apartment: 3 bedrooms and 1 bathroom; lower apartment: 2 bedrooms and 1 bathroom; Both apartments delivered vacant
