5 months on rocket

Sale Pending

325 37th St, Brooklyn, NY, 11232

$1,280,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
7 Full Baths
3,650 SqFt
$351/SqFt
Multi

Location

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325 37th St, Brooklyn$1,280,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, None
Year Built1931
HeatingSteam, Natural Gas, Other
CoolingOther
BasementYes
FireplaceStove, Other
MLS #485243
StatusSale Pending
(Pending)

About 325 37th St

A prime investment opportunity in the heart of Sunset Park, Brooklyn. This semi-detached, 6 family building offers substantial income potential with its impressive layout and strategic location. The building spans 22 x 55 feet on a 22 x 100 feet lot, providing a solid structure with spacious units. Additionally, there is a legal cellar studio basement apartment, which increases the potential of this excellent piece of investment. All apartments are currently rented at market rates, ensuring consistent cash flow. The property boasts an annual gross rental income of $131,616, with manageable expenses of approximately $24,096. This results in a strong net rental income of $107,520 and a desirable cap rate of 8.4%. Located near a variety of other local shops, Costco, Industry City, and conveniently close to the 36th St N, D, and R train station, this property offers tenants easy access to transportation and amenities. Whether you're an experienced investor or looking to expand your portfolio, this is an exceptional opportunity to own a valuable asset in one of Brooklyn's most sought-after neighborhoods.

Property Details

Property Features

Property Information:

  • Year Built: 1931
  • Stories: 3
  • Living Area: 3,650 SqFt

Listing Office:

  • Office Name: Century 21 Realty First

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove, Other
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Fireplace: Stove, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Attached Garage: No
  • Parking: None, None

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas, Other
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,280,000
  • Price Per SqFt: $351/SqFt
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$987.3K

Med. Price/SqFt

$714

Avg. Days On Market

88

# of Sold Homes

475

325 37th St vs Brooklyn

154 DAYS ON ROCKET

+66 Days

$1,280,000

+$292.6K More

$351/SqFt

-$364 Less

KEY TAKEAWAY

This property is $292.6K more than the Median Sold Price and $364/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #485243

Listing Office:

  • Office Name: Century 21 Realty First

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/15/2025, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,904

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2575592
4
/10

  • P.S. 24 Brooklyn

  • 427 38th St

  • 0.18 miles

  • Public District Grades KG-5

school-card-donut-2575593
4
/10

  • Sunset Park Avenue Elementary School

  • 4222 4th Ave

  • 0.31 miles

  • Public District Grades KG-4

school-card-donut-2575594
9
/10

  • P.S. 172 Beacon School of Excellence

  • 825 4th Ave

  • 0.37 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,000. Residents of Brooklyn, NY typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11232›325 37th St

This home is located at 325 37th St in Brooklyn, NY and zip code 11232 in the South Brooklyn neighborhood. This 3,650 square foot home was built in 1931. Features: 14 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $1,280,000.

In December 2024, from all listings sold in Brooklyn, NY there were more than 40 sold above asking price, over 178 sold below and more than 257 were sold right at the asked price. In December 2024 in Brooklyn, NY there were 10.4% less homes for sale than in November 2024. In December 2024 median list price was $987,395 and the average listing age was 88 days.

From Rocket Homes Real Estate and based on county public records data.

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