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Two-Family Townhouse with English Basement

352 New York Avenue Brooklyn, NY 11213

352 New York Avenue, Brooklyn, NY, 11213
$2,300,000
Pending
For Sale
$2,300,000
Pending

Two-family townhouse with six bedrooms, three full baths, and a finished English basement with a separate entry.

Property Size3,375 SF
Lot Size0.05 Acres
Days on Market132

Property Features for 352 New York Avenue

General Information

Standard status
Pending
Size
3,375 SF
Lot size
0.05 Acres
Property subtype
Multi Family

Building Details

Year Built
1901
Listing agency Compass
Listed by Malika Oyo
Source Compass
Added: Mar 13 Updated: Jul 21 at 4:19AM Checked: Jul 22 at 9:14AM

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 Compass


Investment Insights

Based on property information with market context.

352 New York Avenue is a classic barrel-front two-family townhouse with preserved turn-of-the-century architectural details and a flexible, expanded layout. The home includes hand-inlaid hardwood floors, wood moldings, coffered ceilings, pocket doors, and elegant columns, along with features such as a skylit dumbwaiter airshaft, tin ceilings, built-ins, and preserved porcelain finishes. The configuration provides six bedrooms and three full baths, plus generous walk-in closets, separate dining rooms, and two laundry rooms. A finished English basement with a separate entry adds additional versatility, and there is an elevated front garden, a landscaped backyard, and a second-floor deck off the primary bedroom.

The property is set on a 20’ x 100’ lot on a uniform block just off the Eastern Parkway Greenway in Crown Heights. Remarks note approximately 2,660 square feet of unused FAR, presenting opportunities to expand or reconfigure while retaining the home’s historic character.

Key Highlights

  • Two‑family townhouse built in 1901 with six bedrooms and three full baths
  • 20' x 100' lot with elevated front garden and landscaped backyard
  • Includes hand‑inlaid hardwood floors, wood moldings, coffered ceilings, pocket doors, and columns

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 $172.1k $51.00
− Vacancy −$3.3k −$0.97
EGI $168.9k $50.03
− OpEx −$50.7k −$15.01
NOI $118.2k $35.02
3,375 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M (±1% cap)
NOI $118,198 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M (±1% cap)
NOI $103,035 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$2.79M
$2.45M – $3.26M (±1% cap)
NOI $195,615 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Dental Office Nursing Home Nursing Home Acupuncture Pet Grooming Service Auto Parts Store Carpet & Flooring Store

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

FAQs

What type of property is this?
Duplex - Two-family townhouse with six bedrooms, three full baths, and a finished English basement with a separate entry.
Where is this duplex located?
The property is located at 352 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two‑family townhouse built in 1901 with six bedrooms and three full baths; 20' x 100' lot with elevated front garden and landscaped backyard; Includes hand‑inlaid hardwood floors, wood moldings, coffered ceilings, pocket doors, and columns
Contact an agent
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