Brick Two-Family
New
For Sale
$1,125,000
646 E 103rd St, Brooklyn, NY 11236
Separate residential floors include private primary suites, and a finished basement offers four rooms with its own entrance.
Property Size3,212 SF
Days on Market3
Property Features for 646 E 103rd St
General Information
Standard status
Active
Size
3,212 SF
Total Parking Spaces
5
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,333
Amenities
hardwood floors
backyard
energy-efficient windows
solar panels
Building Details
Building Size
3,212 SF
Year Built
1999
Buildings
1
Stories
2
Construction
all brick
Listing Agency:
Greatest Real Estate Inc.
Listed By:
Jerry Gilbert
(347) 788-0518
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:29PM
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 Greatest Real Estate Inc.
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Investment Insights
Based on property information with market context.
Built in 1999, this brick duplex has two residential floors, each arranged with three bedrooms, two full bathrooms, a living room, formal dining room and eat-in kitchen. Both primary bedrooms have an en-suite bathroom and walk-in closet. A finished basement with a separate entrance contains four additional rooms and a full bathroom. Updates include solar panels, energy-efficient windows, an updated hot water tank and brick pointing. The property also has a backyard and a driveway with space for up to five vehicles.
The home is at 646 E 103rd St in Brooklyn’s Canarsie neighborhood. The L train’s Rockaway Parkway station, Avenue L shopping and dining, the Belt Parkway, Gateway Mall and Kings Plaza are identified nearby. Walk Score is 73, Bike Score is 56 and Transit Score is 84.
The home is at 646 E 103rd St in Brooklyn’s Canarsie neighborhood. The L train’s Rockaway Parkway station, Avenue L shopping and dining, the Belt Parkway, Gateway Mall and Kings Plaza are identified nearby. Walk Score is 73, Bike Score is 56 and Transit Score is 84.
Key Highlights
- Two residential floors, each with 3 bedrooms and 2 full bathrooms
- Finished basement includes 4 rooms, a full bathroom and a separate entrance
- Driveway accommodates up to 5 vehicles; backyard on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,059
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,180
$2.0M
Cap Rate 7%
$1,400,843
$1.4M
Cap Rate 9%
$1,089,544
$1.1M
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$181.9K $56.64/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$178.3K $55.51/SF
− OpEx
−$80.2K −$24.98/SF
NOI
$98.1K $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%
$1,961,180
Cap Rate 7%
$1,400,843
Cap Rate 9%
$1,089,544
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.87M
NOI $112,490 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.63M
NOI $98,059 @ 7.0% cap · market cap 8.72%
Theoretical Best
Specialty Retail
$2.66M
$2.33M – $3.10M
NOI $186,168 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Separate residential floors include private primary suites, and a finished basement offers four rooms with its own entrance.
Where is this duplex located?
The property is located at 646 E 103rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Two residential floors, each with 3 bedrooms and 2 full bathrooms; Finished basement includes 4 rooms, a full bathroom and a separate entrance; Driveway accommodates up to 5 vehicles; backyard on site
