997 E 37th Street Brooklyn, NY 11210
MULTI_FAMILY - Brooklyn, NY
- Added:
- May 6, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 13 at 11:06 pm
Property Features for 997 E 37th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Basement
- Finished
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6654
Building Details
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
Listing agent Ken Macbride (718) 368-2500
Listing office BHHS Fillmore R.E. 4717 Avenue N, Brooklyn, NY (718) 377-6161
Listing date May 6, 2026
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.
Investment Insights
Based on property information with market context.
Key Highlights
- Oversized rear yard.
- Convenient access to NYC public transportation (train and bus).
- Close proximity to major retail options (Target, HomeGoods, Applebee's).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $60.0k | $50.03 |
| − OpEx | −$18.0k | −$15.01 |
| NOI | $42.0k | $35.02 |
