Masonry Duplex with
For Sale
$959,999
316 E 32nd Street, Brooklyn, NY 11226
Residential, Ranch, Brooklyn, NY
Property Size2,140 SF
Lot Size0.05 Acres
Price / SF$448.60
Days on Market124
Property Features for 316 E 32nd Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R6
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
2,140 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7070
Building Details
Year built
1899
Floors in Building
2
Number of units
1
Flooring type
Hardwood
Building materials
Masonry
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Citizens International Realty
Listed By:
Raul Vanrossum
(718) 282-6400
Added: Jun 25
Changed: Oct 20
Last Checked: Oct 26 at 9:06PM
MLS# 502490
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 two-family duplex at 316 E 32nd Street is a masonry residence built in 1899, offering 2,140 square feet of interior space. The property includes hardwood flooring, a flat roof, three bathrooms, and direct access to a backyard. Its ranch-style design and natural-light-filled rooms provide a practical residential layout for a multifamily owner or occupant.
The property is situated in Flatbush, Brooklyn, near grocery stores, cafes, and shopping centers. Kings Theatre is a short distance away on Flatbush Avenue, while the #2 and #5 trains are located a few blocks from the residence. The lot encompasses 0.0459 acres and carries R6 zoning.
The property is situated in Flatbush, Brooklyn, near grocery stores, cafes, and shopping centers. Kings Theatre is a short distance away on Flatbush Avenue, while the #2 and #5 trains are located a few blocks from the residence. The lot encompasses 0.0459 acres and carries R6 zoning.
Key Highlights
- Two‑family duplex with 2,140 square feet of property size
- Masonry construction with a 1899 build year
- 0.0459‑acre lot with direct backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,246
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,920
$1.1M
Cap Rate 7%
$774,943
$774.9K
Cap Rate 9%
$602,733
$602.7K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$80.9K $37.80/SF
− Vacancy
−$3.4K −$1.59/SF
EGI
$77.5K $36.21/SF
− OpEx
−$23.2K −$10.86/SF
NOI
$54.2K $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%
$1,084,920
Cap Rate 7%
$774,943
Cap Rate 9%
$602,733
Alternative Uses
Best Use
Multifamily LT 5
$774.9K
$678.1K – $904.1K
NOI $54,246 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.06M
$925.5K – $1.23M
NOI $74,041 @ 7.0% cap · market cap 7.71%
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with hardwood floors, three bathrooms, and access to a private backyard.
Where is this duplex located?
The property is located at 316 E 32nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,999.
What are key features of this property?
This property features: Two‑family duplex with 2,140 square feet of property size; Masonry construction with a 1899 build year; 0.0459‑acre lot with direct backyard access
