Two-Family Home with
320 42nd Street Brooklyn, NY 11232
New
320 42nd Street, Brooklyn, NY, 11232
$1,180,000
For Sale
$1,180,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,372 SF
Lot Size0.04 Acres
Price / SF$860.06
Days on Market2
Property Features for 320 42nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R6B
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Interior features
- A/C Unit - Window, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,372 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3209
Building Details
- Year built
- 1899
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Masonry
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing Agency
Momentum Real Estate LLC
(718) 382-0001
1703 86 Street, Brooklyn, NY
Listed by
Kevin Lam · License #KL3175
(718) 382-0001
Added: Jul 17 Checked: Jul 18 at 4:06 pm
MLS# 503046
Listing URL
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 two-family home in Sunset Park is set on a 17' x 100' lot and includes a first-floor duplex with a finished basement and a private backyard. The property is positioned for straightforward rental or owner-occupant use within an R6B zoning context.
Located between 3rd and 4th Avenues, the home offers easy access to the N and D express trains and the R local train at 36th Street. It is also described as being moments from Sunset Park, Bush Terminal Park, and the waterfront, with nearby retail and dining along 4th and 5th Avenues. Public transit and everyday amenities are available in the immediate area, including a nearby bus stop and grocery store.
Located between 3rd and 4th Avenues, the home offers easy access to the N and D express trains and the R local train at 36th Street. It is also described as being moments from Sunset Park, Bush Terminal Park, and the waterfront, with nearby retail and dining along 4th and 5th Avenues. Public transit and everyday amenities are available in the immediate area, including a nearby bus stop and grocery store.
Key Highlights
- Two‑family home on a full 17' x 100' lot
- First‑floor duplex with a finished basement and private backyard
- Masonry construction and flat rubber 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 | $70.0k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $68.6k | $50.03 |
| − OpEx | −$20.6k | −$15.01 |
| NOI | $48.0k | $35.02 |
1,372 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.4K
$600.6K – $800.8K
NOI $48,050 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$598.4K
$523.6K – $698.1K
NOI $41,886 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$1.14M
$994.0K – $1.33M
NOI $79,521 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property includes a finished basement and private backyard on an R6B lot in Sunset Park, Brooklyn.
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 $1,180,000.
What are key features of this property?
This property features: Two‑family home on a full 17' x 100' lot; First‑floor duplex with a finished basement and private backyard; Masonry construction and flat rubber roof
