Two-Family Duplex
For Sale
$995,000
3618 Avenue D, Brooklyn, NY 11203
A first-floor apartment is paired with an upper-level duplex spanning the second and third floors.
Property Size1,910 SF
Days on Market8
Property Features for 3618 Avenue D
General Information
Standard status
Active
Size
1,910 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
in need of renovations
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,318
Building Details
Building Size
1,910 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Commerce Realty Group
Listed By:
Marc Richter
(718) 751-5799
Source:
Elliman
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:00PM
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 Commerce Realty Group
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Investment Insights
Based on property information with market context.
Built in 1920, this two-family home has a first-floor apartment and a second residence arranged across the upper two floors. The property needs renovation. A full unfinished basement includes a half bathroom and a separate entrance, and the building has two electric meters and one gas meter.
The sale excludes the adjoining vacant lot, where a new home is planned. The property is slated for subdivision into two lots, each approximately 33'6" x 97'6". Plans call for demolition of the existing garage and private parking behind the house as part of a shared driveway arrangement. Subdivision and driveway approvals are pending, with completion planned before closing.
The sale excludes the adjoining vacant lot, where a new home is planned. The property is slated for subdivision into two lots, each approximately 33'6" x 97'6". Plans call for demolition of the existing garage and private parking behind the house as part of a shared driveway arrangement. Subdivision and driveway approvals are pending, with completion planned before closing.
Key Highlights
- Two‑family layout: first‑floor apartment and duplex apartment on the second and third floors
- Full unfinished basement with a half bathroom and separate entrance
- Two electric meters and one gas meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,891
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,820
$1.3M
Cap Rate 7%
$955,586
$955.6K
Cap Rate 9%
$743,233
$743.2K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$97.4K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$95.6K $50.03/SF
− OpEx
−$28.7K −$15.01/SF
NOI
$66.9K $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%
$1,337,820
Cap Rate 7%
$955,586
Cap Rate 9%
$743,233
Alternative Uses
Best Use
Multifamily LT 5
$955.6K
$836.1K – $1.11M
NOI $66,891 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$833.0K
$728.9K – $971.8K
NOI $58,310 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.85M
NOI $110,704 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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
Frequently Asked Questions
What type of property is this?
Duplex - A first-floor apartment is paired with an upper-level duplex spanning the second and third floors.
Where is this duplex located?
The property is located at 3618 Avenue D Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑family layout: first‑floor apartment and duplex apartment on the second and third floors; Full unfinished basement with a half bathroom and separate entrance; Two electric meters and one gas meter
