Two-Family Duplex with Finished
New
For Sale
$1,580,000
342 72nd St, Brooklyn, NY 11209
The two-story residence has seven bedrooms, three bathrooms, hardwood floors, and a finished basement with additional rooms.
Property Size3,120 SF
Days on Market2
Property Features for 342 72nd St
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,276
Building Details
Building Size
3,120 SF
Year Built
1910
Buildings
1
Stories
2
Construction
limestone
Listing Agency:
Tiger Realty
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(917) 708-9966
Source:
Elliman
Added: Oct 11
Last Checked: Oct 11 at 2:41PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This 1910 two-family duplex has a two-story limestone exterior and a finished basement with three rooms. The first floor contains three bedrooms, a living room, a kitchen, and one full bathroom, with access to the backyard. Upstairs are four bedrooms and two bathrooms. Hardwood flooring, an updated staircase, a newer roof, gas heat, and a 220V electrical system are among the property’s features.
The home is at 342 72nd St in Brooklyn. The R subway line is a few minutes away, and B37 service is near Third Avenue and 72nd Street; B9 and B64 bus stops and PS 102 are also nearby. Shops and services in the area include supermarkets, pharmacies, restaurants, banks, and hair salons.
The home is at 342 72nd St in Brooklyn. The R subway line is a few minutes away, and B37 service is near Third Avenue and 72nd Street; B9 and B64 bus stops and PS 102 are also nearby. Shops and services in the area include supermarkets, pharmacies, restaurants, banks, and hair salons.
Key Highlights
- Two‑story limestone duplex built in 1910
- First floor has 3 bedrooms and 1 full bathroom; second floor has 4 bedrooms and 2 bathrooms
- Finished basement includes 3 rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,268
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,360
$2.2M
Cap Rate 7%
$1,560,971
$1.6M
Cap Rate 9%
$1,214,089
$1.2M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$159.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.1K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.3K $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 Rate 5%
$2,185,360
Cap Rate 7%
$1,560,971
Cap Rate 9%
$1,214,089
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-story residence has seven bedrooms, three bathrooms, hardwood floors, and a finished basement with additional rooms.
Where is this duplex located?
The property is located at 342 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Two‑story limestone duplex built in 1910; First floor has 3 bedrooms and 1 full bathroom; second floor has 4 bedrooms and 2 bathrooms; Finished basement includes 3 rooms
