Residential Duplex with Hardwood
New
For Sale
$599,999
589 E 34th Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,456 SF
Lot Size0.05 Acres
Price / SF$412.09
Days on Market2
Property Features for 589 E 34th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Basement
Full
Subdivision
East Flatbush
Standard status
Active
Size
1,456 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6300
Building Details
Year built
1910
Flooring type
Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Best Realty Professionals
Listed By:
Katia Belony
(718) 484-3745
Added: Nov 4
Last Checked: Nov 5 at 1:06PM
MLS# 505848
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 Brooklyn duplex contains 1,456 square feet, with three bedrooms and two bathrooms. Hardwood floors are among its interior features, and the property has an asphalt roof. Construction dates to 1910.
The parcel measures 0.0482 acres and carries R4 zoning. The property is in an established residential area, with shopping, schools, neighborhood amenities, and transportation options described as nearby.
The parcel measures 0.0482 acres and carries R4 zoning. The property is in an established residential area, with shopping, schools, neighborhood amenities, and transportation options described as nearby.
Key Highlights
- 1,456 square feet of property area
- Three bedrooms and two bathrooms
- 0.0482‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,992
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,840
$1.0M
Cap Rate 7%
$728,457
$728.5K
Cap Rate 9%
$566,578
$566.6K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$74.3K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.8K $50.03/SF
− OpEx
−$21.9K −$15.01/SF
NOI
$51.0K $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%
$1,019,840
Cap Rate 7%
$728,457
Cap Rate 9%
$566,578
Alternative Uses
Best Use
Multifamily LT 5
$728.5K
$637.4K – $849.9K
NOI $50,992 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$635.0K
$555.6K – $740.8K
NOI $44,450 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$1.21M
$1.05M – $1.41M
NOI $84,390 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,124
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1910, the property has three bedrooms, two bathrooms, and hardwood flooring.
Where is this duplex located?
The property is located at 589 E 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 1,456 square feet of property area; Three bedrooms and two bathrooms; 0.0482‑acre parcel
