Two-Unit Brick
3698 Shore Parkway, Brooklyn, NY 11235
For Sale
New
$1,339,000
Residential, Duplex, Brooklyn, NY
Property Size1,824 SF
Lot Size0.05 Acres
Price / SF$734.10
Days on Market2
Property Features for 3698 Shore Parkway
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Maximillion Realty, Inc.
Listed By:
Alla Veksler
(718) 376-9300
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 506061
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.
This 1,824-square-foot, two-family brick property contains a three-bedroom, one-and-a-half-bath duplex above a separate one-bedroom apartment. The three floors have been renovated, with hardwood and ceramic flooring, custom kitchens with quartz counters and islands, and in-unit laundry in both residences. Each unit also has a private terrace. A Mitsubishi H2i Hyper-Heat system provides heating and cooling with separate temperature controls by room. The building has two electric meters and two gas meters, one set for each unit; the roof is approximately five years old.
The property sits in Brooklyn’s Sheepshead Bay area, near Emmons Avenue, shopping, restaurants, and public transportation. On-site parking includes a private driveway with space for two cars and a detached garage. The lot measures 0.0489 acres, and the home was built in 1940.
The property sits in Brooklyn’s Sheepshead Bay area, near Emmons Avenue, shopping, restaurants, and public transportation. On-site parking includes a private driveway with space for two cars and a detached garage. The lot measures 0.0489 acres, and the home was built in 1940.
Key Highlights
- Two‑family layout: three‑bedroom duplex above a separate one‑bedroom apartment
- 1,824 square feet on a 0.0489‑acre lot
- Private driveway with parking for two cars, plus a detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,880
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,600
$1.3M
Cap Rate 7%
$912,571
$912.6K
Cap Rate 9%
$709,778
$709.8K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$93.0K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$91.3K $50.03/SF
− OpEx
−$27.4K −$15.01/SF
NOI
$63.9K $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%
$1,277,600
Cap Rate 7%
$912,571
Cap Rate 9%
$709,778
Alternative Uses
Best Use
Multifamily LT 5
$912.6K
$798.5K – $1.06M
NOI $63,880 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,685 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom upper residence and separate one-bedroom apartment offer distinct living spaces with private outdoor areas.
Where is this duplex located?
The property is located at 3698 Shore Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: Two‑family layout: three‑bedroom duplex above a separate one‑bedroom apartment; 1,824 square feet on a 0.0489‑acre lot; Private driveway with parking for two cars, plus a detached garage
