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Detached Two-Family Residence

34 Amherst Street Brooklyn, NY 11235

34 Amherst Street, Brooklyn, NY, 11235
$1,650,000
For Sale
$1,650,000

MULTI_FAMILY - Brooklyn, NY

Property Size3,174 SF
Lot Size0.09 Acres
Price / SF$519.85
Days on Market17

Property Features for 34 Amherst Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
Central Air, Dishwasher, Pool, Porch, Refrigerator, Stove
Basement
Full, Finished
Standard status
Active
Size
3,174 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Annual Amount
24261

Building Details

Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick, Wood Frame
Listing Agency Amerihomes Realty of NY, Inc
593 Midland Ave, Staten Island, NY
Listed by Victor Li
Added: Jun 30 Checked: Jul 16 at 7:06 pm
MLS# 502676 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 detached two-family residence sits on a 40' x 100' lot with an approximately 23' x 46' building footprint. The home offers expansive, sun-filled interiors with oversized rooms, decorative ceiling moldings, recessed lighting, central air conditioning and heating, abundant closet space, and substantial storage. Two porches extend from the living rooms. A finished basement with soaring ceilings adds flexible living or recreation space, including a spa-inspired bathroom with a Jacuzzi tub and sauna. The home also has two separate boilers and two water heaters. Outside, the fully fenced backyard is designed for privacy and entertaining, highlighted by an in-ground swimming pool.

The property is located in Brooklyn and is described as being just moments from the beach and the bay, as well as neighborhood parks, shopping, restaurants, public transportation, and highly regarded schools. Named schools in the remarks include P.S. 195, Bay Academy, and Goldstein High School. Additional site features include a stately granite and wrought-iron fence, a detached garage, and a private driveway accommodating 2–3 vehicles. Zoning is listed as R3-1.

For buyers considering a renovation, the layout and scale provide room to reconfigure and update a two-family property with both indoor and outdoor amenities. The basement’s bathroom features and generous ceiling height support use as recreation, wellness, or additional living space, while the separate building systems and multi-vehicle arrival can be practical for an owner-occupant or rental setup.

Key Highlights

  • Detached two‑family residence on a 40' x 100' lot with a 23' x 46' building footprint
  • Finished basement with soaring ceilings, spa‑inspired bathroom with Jacuzzi tub and sauna
  • Central air and heating, plus 2 boilers and 2 water heaters

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 $161.9k $51.00
− Vacancy −$3.1k −$0.97
EGI $158.8k $50.03
− OpEx −$47.6k −$15.01
NOI $111.2k $35.02
3,174 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M (±1% cap)
NOI $111,159 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M (±1% cap)
NOI $96,899 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M (±1% cap)
NOI $183,965 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Hotel & Motel Catering Service Nursing Home Bar & Pub Nursing Home Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Substantial detached duplex on a fully fenced lot with a detached garage, private driveway, and in-ground pool.
Where is this duplex located?
The property is located at 34 Amherst Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Detached two‑family residence on a 40' x 100' lot with a 23' x 46' building footprint; Finished basement with soaring ceilings, spa‑inspired bathroom with Jacuzzi tub and sauna; Central air and heating, plus 2 boilers and 2 water heaters
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