Two-Family Home with Duplex
New
For Sale
$995,000
3618 Avenue D, Brooklyn, NY 11203
Residential, Brooklyn, NY
Property Size1,910 SF
Lot Size0.08 Acres
Price / SF$520.94
Days on Market2
Property Features for 3618 Avenue D
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
East Flatbush
Standard status
Active
Size
1,910 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8318
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Listing Agency:
Commerce Realty Group
Listed By:
Marc Richter
(718) 751-5799
Added: Oct 19
Last Checked: Oct 20 at 11:06AM
MLS# 505449
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.
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Investment Insights
Based on property information with market context.
Built in 1920, this 1,910-square-foot two-family home has a first-floor apartment and a larger duplex across the second and third floors. The property needs renovation. A full, unfinished basement with a half bathroom and separate entrance adds space, and the home is equipped with two electric meters and one gas meter. A refrigerator and stove are among the listed interior features.
The property is in Brooklyn and is zoned R4. A subdivision and shared-driveway plan is pending approval; the existing garage is slated for removal as part of that plan. The adjoining vacant lot is not part of the sale.
The property is in Brooklyn and is zoned R4. A subdivision and shared-driveway plan is pending approval; the existing garage is slated for removal as part of that plan. The adjoining vacant lot is not part of the sale.
Key Highlights
- 1,910‑square‑foot two‑family property built in 1920
- First‑floor apartment plus a duplex unit on the second and third floors
- Full unfinished basement with half bathroom and separate entrance
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.
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Property Analytics
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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 - Two residential units include a first-floor apartment and a larger residence spanning the upper levels.
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: 1,910‑square‑foot two‑family property built in 1920; First‑floor apartment plus a duplex unit on the second and third floors; Full unfinished basement with half bathroom and separate entrance
