Renovated
New
For Sale
$1,580,000
342 72nd Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$506.41
Days on Market2
Property Features for 342 72nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bay Ridge
Standard status
Active
Size
3,120 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10276
Building Details
Year built
1910
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(347) 388-8988
Added: Oct 9
Last Checked: Oct 10 at 12:06AM
MLS# 505212
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-story brick duplex contains 3,120 square feet on a 0.0459-acre lot. The first floor has three bedrooms, a living room, kitchen, and full bathroom, with a door leading to the backyard. The second floor includes four bedrooms. A finished basement adds three rooms. Interior details include hardwood and tile flooring, a newer roof, an updated staircase, gas heating, and a 220V electrical system. The property was built in 1910 and renovated several years ago.
The home is at 342 72nd Street 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, PS 102, and everyday businesses—including supermarkets, pharmacies, banks, restaurants, and hair salons—are also nearby.
The home is at 342 72nd Street 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, PS 102, and everyday businesses—including supermarkets, pharmacies, banks, restaurants, and hair salons—are also nearby.
Key Highlights
- Two‑story brick duplex with 3,120 square feet
- 0.0459‑acre lot with backyard access from the first floor
- Seven bedrooms across the first and second floors
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
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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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 brick residence features a finished basement, gas heat, hardwood floors, and direct access to the backyard.
Where is this duplex located?
The property is located at 342 72nd Street 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 brick duplex with 3,120 square feet; 0.0459‑acre lot with backyard access from the first floor; Seven bedrooms across the first and second floors
