Brick Duplex with Detached
New
For Sale
$1,799,000
734 47th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,120 SF
Lot Size0.05 Acres
Price / SF$848.58
Days on Market1
Property Features for 734 47th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 7, Bedroom 2, Bathroom 4
Parking features
Garage - Detached
Interior features
Terrace
Basement
Finished, Full
Subdivision
Sunset Park
Standard status
Active
Size
2,120 SF
Lot size
0.05 Acres
Amenities
hardwood and tile flooring
terrace space
detached garage parking
full finished basement with separate entrance
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber, Flat
Listing Agency:
Tiger Realty
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Added: Oct 30
Last Checked: Oct 30 at 3:06PM
MLS# 505662
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 brick two-family property contains approximately 2,120 square feet of interior space, with a finished basement and separate entrance. Hardwood and tile flooring, a terrace, a detached garage, and two parking spaces are among its physical features. The lot measures 20 by 100 feet, and the building measures 20 by 55 feet. Built in 1930, the property is zoned R6B.
The property is on 47th Street in Brooklyn, between 7th and 8th Avenue. The 8th Avenue commercial corridor is nearby, along with shopping, supermarkets, restaurants, and schools. The N and R subway lines serve the area.
Several units are occupied on a month-to-month basis. The two-family configuration, finished basement, outdoor terrace, and on-site garage parking are key elements of the property.
The property is on 47th Street in Brooklyn, between 7th and 8th Avenue. The 8th Avenue commercial corridor is nearby, along with shopping, supermarkets, restaurants, and schools. The N and R subway lines serve the area.
Several units are occupied on a month-to-month basis. The two-family configuration, finished basement, outdoor terrace, and on-site garage parking are key elements of the property.
Key Highlights
- Approximately 2,120 square feet of interior space
- Finished basement with a separate entrance
- 20 by 100‑foot lot; building measures 20 by 55 feet
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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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
Explore this area
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 its own entrance extends the property's usable interior space.
Where is this duplex located?
The property is located at 734 47th Street 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: Approximately 2,120 square feet of interior space; Finished basement with a separate entrance; 20 by 100‑foot lot; building measures 20 by 55 feet
