Top-Floor Duplex
For Sale
$1,000,000
414 3RD Street 3R/4R, Brooklyn, NY 11215
Combined residential units offer a three-bedroom, two-bath layout with pre-war character and flexible renovation potential.
Property Size1,150 SF
Price / SF$869.57
Days on Market47
Property Features for 414 3RD Street 3R/4R
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
laundry facility
storage units
Building Details
Building Size
1,150 SF
Year Built
1940
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Joanna Mayfield Marks · License #10301205645
(718) 613-2810
Source:
Miradorrealestate
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 24 at 10:42PM
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 Brown Harris Stevens Brooklyn LLC
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Investment Insights
Based on property information with market context.
This 1,150-square-foot top-floor residence combines units 3R and 4R into a spacious duplex within a 1940 pre-war limestone walk-up cooperative. The home has three bedrooms, two full baths, an open loft-like arrangement, southern exposure, and garden views. Original details include exposed brick, hardwood floors, high ceilings, a decorative fireplace, and a windowed kitchen. The property is offered as-is and includes two storage units plus basement laundry access.
The seven-unit, pet-friendly cooperative is on historic 3rd Street in Park Slope, between 5th and 6th Avenues and across from JJ Byrne Park's weekly farmers market. Restaurants including Stone Park Cafe and al di la are nearby, while the F, G, and R train lines provide access to subway service. The two-unit configuration may be renovated as one duplex or reworked into separate residences, subject to applicable approvals and cooperative requirements.
The seven-unit, pet-friendly cooperative is on historic 3rd Street in Park Slope, between 5th and 6th Avenues and across from JJ Byrne Park's weekly farmers market. Restaurants including Stone Park Cafe and al di la are nearby, while the F, G, and R train lines provide access to subway service. The two-unit configuration may be renovated as one duplex or reworked into separate residences, subject to applicable approvals and cooperative requirements.
Key Highlights
- 1,150 SF top‑floor duplex combining units 3R and 4R
- Three bedrooms and two full baths with southern exposure
- Pre‑war limestone walk‑up cooperative built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,108
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,160
$702.2K
Cap Rate 7%
$501,543
$501.5K
Cap Rate 9%
$390,089
$390.1K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$65.1K $56.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$63.8K $55.51/SF
− OpEx
−$28.7K −$24.98/SF
NOI
$35.1K $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 Rate 5%
$702,160
Cap Rate 7%
$501,543
Cap Rate 9%
$390,089
Alternative Uses
Best Use
Apartment 5plus
$501.5K
$438.9K – $585.1K
NOI $35,108 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$952.2K
$833.2K – $1.11M
NOI $66,654 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Combined residential units offer a three-bedroom, two-bath layout with pre-war character and flexible renovation potential.
Where is this residential income property located?
The property is located at 414 3RD Street 3R/4R Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1,150 SF top‑floor duplex combining units 3R and 4R; Three bedrooms and two full baths with southern exposure; Pre‑war limestone walk‑up cooperative built in 1940
