Two-Story Duplex
New
For Sale
$1,190,000
343 82nd Street, Brooklyn, NY 11209
Residential, Duplex, Brooklyn, NY
Property Size1,342 SF
Lot Size0.04 Acres
Price / SF$886.74
Days on Market6
Property Features for 343 82nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4B
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Garage - Attached
Interior features
A/C Unit - Window, Stove
Basement
Unfinished
Subdivision
Bay Ridge
Standard status
Active
Size
1,342 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8792
Building Details
Year built
1920
Flooring type
Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Kawing Chiu · License #10301208208
(929) 364-1301
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 23 at 5:06AM
MLS# 503905
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 duplex property was built in 1920 and offers 1,342 square feet of living space on a 1,941-square-foot lot. Brick construction, a full unfinished basement, hardwood flooring, window A/C, and a stove are among the documented features. The R4B zoning designation is also associated with the property.
The address is in Brooklyn’s Bay Ridge area, near shops, restaurants, schools, parks, public transportation, and other everyday services. The R subway line provides access through Brooklyn and into Manhattan. The property’s location, residential configuration, and existing basement create a practical foundation for continued residential use and future improvements.
The address is in Brooklyn’s Bay Ridge area, near shops, restaurants, schools, parks, public transportation, and other everyday services. The R subway line provides access through Brooklyn and into Manhattan. The property’s location, residential configuration, and existing basement create a practical foundation for continued residential use and future improvements.
Key Highlights
- 1,342 square feet of living space on a 1,941‑square‑foot lot
- Built in 1920 with brick construction
- Two‑story duplex property with a full unfinished basement
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
$40,970
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
3.44%
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%
$819,400
$819.4K
Cap Rate 7%
$585,286
$585.3K
Cap Rate 9%
$455,222
$455.2K
Market Conditions
NOI Build-Up for 1,342 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
$76.0K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$74.5K $55.51/SF
− OpEx
−$33.5K −$24.98/SF
NOI
$41.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$819,400
Cap Rate 7%
$585,286
Cap Rate 9%
$455,222
Alternative Uses
Best Use
Apartment 5plus
$585.3K
$512.1K – $682.8K
NOI $40,970 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$972.3K – $1.30M
NOI $77,782 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,776
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Brick residential property with an unfinished basement, hardwood flooring, window A/C, and convenient access to neighborhood amenities.
Where is this single family property located?
The property is located at 343 82nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 1,342 square feet of living space on a 1,941‑square‑foot lot; Built in 1920 with brick construction; Two‑story duplex property with a full unfinished basement
