Two-Unit Duplex with
For Sale
$1,100,000
95 E 37th Street, Brooklyn, NY 11203
Each apartment has two bedrooms and one bathroom, with a backyard serving the ground-floor unit and a private terrace upstairs.
Property Size2,910 SF
Price / SF$378.01
Days on Market8
Property Features for 95 E 37th Street
General Information
Standard status
Active
Size
2,910 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$72,588
Amenities
backyard
private terrace
basement
Building Details
Building Size
2,910 SF
Year Built
1950
Buildings
1
Listing Agency:
Corcoran Group
Listed By:
Andrew W Mapp · License #30MA1017151
(917) 771-8372
Source:
Penrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 25 at 2:27AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Built in 1950, this two-family duplex contains two apartments, each with two bedrooms and one bathroom. The ground-floor residence is vacant and opens to a backyard; it also has exclusive use of a basement with 7-foot ceilings. The upper apartment includes a private terrace, and the property has an enclosed parking garage.
The property is near the 2/5 subway station at Winthrop and local shops and services. An additional 1,122 sq ft of buildable area is included.
The property is near the 2/5 subway station at Winthrop and local shops and services. An additional 1,122 sq ft of buildable area is included.
Key Highlights
- Two apartments, each configured with 2 bedrooms and 1 bathroom
- Ground‑floor apartment is vacant and opens to a backyard
- Exclusive basement access with 7‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,839
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,780
$1.8M
Cap Rate 7%
$1,269,129
$1.3M
Cap Rate 9%
$987,100
$987.1K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$164.8K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$161.5K $55.51/SF
− OpEx
−$72.7K −$24.98/SF
NOI
$88.8K $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%
$1,776,780
Cap Rate 7%
$1,269,129
Cap Rate 9%
$987,100
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.27M – $1.70M
NOI $101,913 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,839 @ 7.0% cap · market cap 8.08%
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,664 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,469
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 - Each apartment has two bedrooms and one bathroom, with a backyard serving the ground-floor unit and a private terrace upstairs.
Where is this duplex located?
The property is located at 95 E 37th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two apartments, each configured with 2 bedrooms and 1 bathroom; Ground‑floor apartment is vacant and opens to a backyard; Exclusive basement access with 7‑foot ceilings
