Legal Two-Family Residential
3312 Avenue D Brooklyn, NY 11203
3312 Avenue D, Brooklyn, NY, 11203
$749,000
For Sale
$749,000
Legal 2-family home with a walkout basement and private backyard, fully vacant at closing.
Property Size1,448 SF
Price / SF$517.27
Days on Market27
Property Features for 3312 Avenue D
General Information
- Standard status
- Active
- Size
- 1,448 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1910
Listing agency
Baez Real Estate, Inc.
(929) 222-6979
Listed by
Alex V. Baez
(929) 222-6979
Source
Compass
Added: Jun 26 Updated: Jul 21 at 9:15AM Checked: Jul 21 at 9:15AM
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 Baez Real Estate, Inc.
Investment Insights
Based on property information with market context.
3312 Avenue D is a legal two-family residential property with Certificate of Occupancy and both units fully vacant at closing. The first floor features a 1-bedroom, 1-bath apartment, and the second floor features a 2-bedroom, 1-bath apartment. A walkout basement provides additional space for storage or other uses, and the home is equipped with a gas boiler. Outside, there is a private backyard.
The property is located in East Flatbush and is described as convenient to shopping, restaurants, schools, parks, and public transportation.
This configuration supports straightforward occupancy in its current form, while the basement and outdoor area offer added flexibility for end users or buyers planning updates.
The property is located in East Flatbush and is described as convenient to shopping, restaurants, schools, parks, and public transportation.
This configuration supports straightforward occupancy in its current form, while the basement and outdoor area offer added flexibility for end users or buyers planning updates.
Key Highlights
- Legal 2‑family home with Certificate of Occupancy built in 1910
- Fully vacant at closing—1st floor 1‑bedroom/1‑bath and 2nd floor 2‑bedroom/1‑bath
- Walk‑out basement with full, unfinished space and laundry in basement
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 | $73.8k | $51.00 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $72.4k | $50.03 |
| − OpEx | −$21.7k | −$15.01 |
| NOI | $50.7k | $35.02 |
1,448 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$631.5K
$552.6K – $736.8K
NOI $44,206 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,926 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal 2-family home with a walkout basement and private backyard, fully vacant at closing.
Where is this duplex located?
The property is located at 3312 Avenue D Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Legal 2‑family home with Certificate of Occupancy built in 1910; Fully vacant at closing—1st floor 1‑bedroom/1‑bath and 2nd floor 2‑bedroom/1‑bath; Walk‑out basement with full, unfinished space and laundry in basement
