316 E 32nd Street Brooklyn, NY 11226
MULTI_FAMILY - Brooklyn, NY
Property Features for 316 E 32nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Basement
- Finished
- 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 agent Raul Vanrossum (718) 282-6400
Listing office Citizens International Realty 3017 Beverly Road, Bklyn, NY (718) 282-6400
Listing date Jun 25, 2026
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Investment Insights
Based on property information with market context.
The property is described as centrally located in Flatbush, with proximity to grocery stores, cafes, and shopping centers. For added context, it is noted as being just minutes from Kings Theatre on Flatbush Avenue, and commuting is described as convenient with the #2 and #5 trains only a few blocks away.
For buyers considering a residential income strategy or multi-generational living setup, this two-unit configuration provides flexibility while keeping the home’s outdoor space and bedroom sizing as practical day-to-day features. With direct backyard access and an immediately usable condition, the property is positioned for tenants and owner-occupants looking for a straightforward path to occupancy.
Key Highlights
- Two‑family limestone residence built in 1899
- Central Flatbush location with Flatbush Avenue near Kings Theatre
- Masonry construction with flat roof
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 | $80.9k | $37.80 |
| − Vacancy | −$3.4k | −$1.59 |
| EGI | $77.5k | $36.21 |
| − OpEx | −$23.2k | −$10.86 |
| NOI | $54.2k | $25.35 |
