13-Bedroom Duplex with Garage
New
For Sale
$1,799,000
734 47th St, Brooklyn, NY 11220
A finished basement with a separate entrance adds flexible space to this brick, two-family property.
Property Size2,120 SF
Lot Size0.05 Acres
Price / SF$848.58
Days on Market6
Property Features for 734 47th St
General Information
Standard status
Active
Size
2,120 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Amenities
terrace
Building Details
Building Size
2,120 SF
Year Built
1930
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Source:
Elliman
Added: Nov 1
Last Checked: Nov 4 at 1:46PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This brick duplex contains approximately 2,120 square feet across two family units, with a total of 13 bedrooms and 6 full bathrooms. A full finished basement has its own entrance, and interior finishes include hardwood and tile flooring. The property also includes terrace space, a detached garage, and 2 parking spaces; it was built in 1930.
At 734 47th Street, the property is between 7th and 8th Avenue in Sunset Park. The 8th Avenue commercial corridor is nearby, along with shopping, supermarkets, restaurants, schools, and public transportation. N and R subway service is accessible from the area.
At 734 47th Street, the property is between 7th and 8th Avenue in Sunset Park. The 8th Avenue commercial corridor is nearby, along with shopping, supermarkets, restaurants, schools, and public transportation. N and R subway service is accessible from the area.
Key Highlights
- 13 bedrooms and 6 full bathrooms across two family units
- Approximately 2,120 square feet of interior space
- Full finished basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,122
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,440
$1.3M
Cap Rate 7%
$901,743
$901.7K
Cap Rate 9%
$701,356
$701.4K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$94.1K $44.40/SF
− Vacancy
−$4.0K −$1.86/SF
EGI
$90.2K $42.54/SF
− OpEx
−$27.1K −$12.76/SF
NOI
$63.1K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,440
Cap Rate 7%
$901,743
Cap Rate 9%
$701,356
Alternative Uses
Best Use
Multifamily LT 5
$901.7K
$789.0K – $1.05M
NOI $63,122 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$807.6K
$706.7K – $942.2K
NOI $56,533 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,204 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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 - A finished basement with a separate entrance adds flexible space to this brick, two-family property.
Where is this duplex located?
The property is located at 734 47th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 13 bedrooms and 6 full bathrooms across two family units; Approximately 2,120 square feet of interior space; Full finished basement with separate entrance
