Two-Family Home with
For Sale
$998,000
320 42nd Street, Brooklyn, NY 11232
Two-family residence with a finished basement and private backyard, positioned between 3rd and 4th Avenues.
Property Size1,372 SF
Price / SF$727.41
Days on Market102
Property Features for 320 42nd Street
General Information
Standard status
Active
Size
1,372 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,209
Building Details
Building Size
1,372 SF
Year Built
1899
Listing Agency:
Momentum Real Estate LLC
Listed By:
Kevin Lam · License #KL3175
(718) 382-0001
Source:
Penrealty
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 25 at 2:12AM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-family home in Sunset Park features a first-floor duplex with a finished basement and a private backyard. The layout supports flexible everyday living, whether the plan is to reside in the home or operate it as a residential income property.
Located between 3rd and 4th Avenues, the property offers convenient transit access. It is minutes from Manhattan via the N and D express trains, and also near the R local train at 36th Street. The home is moments from Sunset Park, Bush Terminal Park, and the waterfront, with Industry City and shopping and dining along 4th and 5th Avenues nearby. A bus stop and a grocery store are also described as nearby.
Located between 3rd and 4th Avenues, the property offers convenient transit access. It is minutes from Manhattan via the N and D express trains, and also near the R local train at 36th Street. The home is moments from Sunset Park, Bush Terminal Park, and the waterfront, with Industry City and shopping and dining along 4th and 5th Avenues nearby. A bus stop and a grocery store are also described as nearby.
Key Highlights
- Two‑family home built in 1899 in Sunset Park
- Sits on a full 17' × 100' lot with a private backyard
- First‑floor duplex plus finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,050
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,000
$961.0K
Cap Rate 7%
$686,429
$686.4K
Cap Rate 9%
$533,889
$533.9K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$70.0K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$68.6K $50.03/SF
− OpEx
−$20.6K −$15.01/SF
NOI
$48.0K $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%
$961,000
Cap Rate 7%
$686,429
Cap Rate 9%
$533,889
Alternative Uses
Best Use
Multifamily LT 5
$686.4K
$600.6K – $800.8K
NOI $48,050 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$598.4K
$523.6K – $698.1K
NOI $41,886 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$1.14M
$994.0K – $1.33M
NOI $79,521 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property
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-family residence with a finished basement and private backyard, positioned between 3rd and 4th Avenues.
Where is this duplex located?
The property is located at 320 42nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑family home built in 1899 in Sunset Park; Sits on a full 17' × 100' lot with a private backyard; First‑floor duplex plus finished basement
