Three-Story Two-Family
New
For Sale
$1,499,000
431 36th Street, Brooklyn, NY 11232
Finished basement, rear deck, and private backyard expand the property’s usable space.
Property Size1,530 SF
Price / SF$979.74
Days on Market4
Property Features for 431 36th Street
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,397
Amenities
rear deck
private backyard
Building Details
Building Size
1,530 SF
Year Built
1899
Buildings
1
Stories
3
Listing Agency:
RE/MAX Edge
Listed By:
Evelyn Garcia
(718) 612-3088
Source:
Penrealty
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:22PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This attached three-story duplex measures 1,530 square feet and was built in 1899. The two-family layout includes four full bathrooms, while a finished basement with its own entrance adds flexibility. A rear deck and private backyard provide outdoor space. The building can support an arrangement with one unit occupied by the owner and the other generating rental income, or function as a larger single residence.
The property is near the 36th Street subway station, served by the D, N, and R lines, with access to Brooklyn and Manhattan. Industry City and Costco are also nearby, along with surrounding retail, dining, entertainment, and commercial activity.
The property is near the 36th Street subway station, served by the D, N, and R lines, with access to Brooklyn and Manhattan. Industry City and Costco are also nearby, along with surrounding retail, dining, entertainment, and commercial activity.
Key Highlights
- Two‑family duplex with a three‑story attached layout
- 1,530 square feet; built in 1899
- Four full bathrooms across the residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,583
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,660
$1.1M
Cap Rate 7%
$765,471
$765.5K
Cap Rate 9%
$595,367
$595.4K
Market Conditions
NOI Build-Up for 1,530 SF
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.
Gross rent
$78.0K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.5K $50.03/SF
− OpEx
−$23.0K −$15.01/SF
NOI
$53.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,071,660
Cap Rate 7%
$765,471
Cap Rate 9%
$595,367
Alternative Uses
Best Use
Multifamily LT 5
$765.5K
$669.8K – $893.1K
NOI $53,583 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$667.3K
$583.9K – $778.5K
NOI $46,709 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,679 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Finished basement, rear deck, and private backyard expand the property’s usable space.
Where is this duplex located?
The property is located at 431 36th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑family duplex with a three‑story attached layout; 1,530 square feet; built in 1899; Four full bathrooms across the residence
