Duplex With Private
For Sale
$1,699,000
3402 Avenue J, Brooklyn, NY 11210
MULTI_FAMILY - Brooklyn, NY
Property Size2,350 SF
Lot Size0.06 Acres
Price / SF$722.98
Days on Market115
Property Features for 3402 Avenue J
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Patio and Porch features
Deck
Interior features
A/C Unit, Deck, Dishwasher, Dryer, Laundry Area, Refrigerator, Washer
Basement
Full, Finished
Subdivision
Midwood
Standard status
Active
Size
2,350 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9039
Building Details
Year built
1925
Floors in Building
2
Number of units
1
Flooring type
Ceramic, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Talk of the Town Realty Corp.
(718) 251-7400
Listed By:
Glenna Werner
(718) 251-7400
Added: Apr 21
Changed: Aug 3
Last Checked: Aug 13 at 11:06AM
MLS# 500733
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.
Duplexes for sale at 3402 Avenue J in Brooklyn, NY, presented as a fully detached, oversized home. The owner’s duplex features an open layout with a large modern kitchen with stainless steel appliances and quartz countertops, a formal dining room, and a bright living room that opens to a spacious deck. This level also includes additional rooms that can serve as bedrooms, a library, or a home office. Upstairs offers two more bedrooms, an office, and a 3/4 bath. A separate first-floor setup includes its own updated kitchen, living room, three bedrooms, an additional office/bedroom, and two full baths, along with laundry area and multiple bathrooms.
Additional property features include a large basement, a private backyard with a jacuzzi, a deck, and brick construction. The home includes an A/C unit, 2-car garage, and extra parking. Built in 1925 and situated on a 0.0574-acre lot zoned R4.
Additional property features include a large basement, a private backyard with a jacuzzi, a deck, and brick construction. The home includes an A/C unit, 2-car garage, and extra parking. Built in 1925 and situated on a 0.0574-acre lot zoned R4.
Key Highlights
- Duplex with separate first‑floor and owner’s duplex layout
- 0.0574‑acre lot zoned R4
- Built in 1925 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,301
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,646,020
$1.6M
Cap Rate 7%
$1,175,729
$1.2M
Cap Rate 9%
$914,456
$914.5K
Market Conditions
NOI Build-Up for 2,350 SF
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.
Gross rent
$119.9K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$117.6K $50.03/SF
− OpEx
−$35.3K −$15.01/SF
NOI
$82.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,646,020
Cap Rate 7%
$1,175,729
Cap Rate 9%
$914,456
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,301 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.02M
$896.8K – $1.20M
NOI $71,743 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,206 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on an R4-zoned lot with a deck, updated interiors, and a private backyard with jacuzzi.
Where is this duplex located?
The property is located at 3402 Avenue J Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Duplex with separate first‑floor and owner’s duplex layout; 0.0574‑acre lot zoned R4; Built in 1925 with brick construction
