386 E 31st St
Brooklyn, NY 11226
Flatbush- 8 Beds
- 3 Baths
- 3,135 sqft
8 Beds
3 Baths
3,135 sqft
Local Information
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Description
Prime Flatbush Gem - Ideal 4-Family Brick Home Used as a 3-Family with Investment Potential! Welcome to the heart of the vibrant Flatbush neighborhood! This magnificent 3-story, 4-family brick home with a full basement, expansive yard, and parking is strategically located near Nostrand Ave. This versatile property is a haven for both savvy investors and owner-occupiers alike, offering a myriad of possibilities. The first level of the property is legally 2 apartments (as per the C of O) but was combined to make one spacious unit. The versatile layout is spread across three spacious stories, and boasts three separate units, providing excellent rental income potential. Whether you're looking to keep all three units for maximum rental returns or live in one unit while renting out the others, this property caters to your investment strategy. Situated on a 23' x 100' lot with R6 zoning, there's an additional 2,400+/- square footage (based on FAR) of buildable space, offering future expansion opportunities. The full basement with high ceilings opens up a world of possibilities, making it an ideal space for additional living areas or storage. The convenient location allows you to enjoy being just moments away from diverse dining and retail establishments along Nostrand Ave and Ave D. Effortless transportation options include bus service steps away on Ave D. This property will be delivered vacant, providing you with a clean slate to envision and execute your vision seamlessly. Don't miss out on this exceptional real estate opportunity that combines prime location, investment potential, and a spacious layout. Schedule a viewing today and step into the future of Flatbush living!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 24, 2024
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 386 E 31st St
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Interior Details Basement: Full,UnfinishedNumber of Rooms: 17 |
Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 3135 Square FeetFoundation Area: 1045 |
Appliances & Utilities Appliances: Refrigerator, Stove, Gas Water HeaterRefrigerator |
Heating & Cooling Heating: Natural Gas,Steam/RadiatorNo CoolingHas HeatingHeating Fuel: Natural Gas |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Ceramic Tile, Hardwood |
Levels, Entrance, & Accessibility Stories: 3Floors: Ceramic Tile, Hardwood |
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Exterior Home Features Roof: FlatFoundation: Stone |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Shared Drive,2 Spaces |
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Cumulative Days on Market: 92 |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Building: NONEConstruction Materials: BrickAttached To Another Structure |
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Price List Price: $1,195,000 |
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MLS Status: Sold |
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Direction & Address City: BrooklynCommunity: Brooklyn |
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Building Area Building Area: 3135 Square Feet |
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Number Of Vacant Units: 1Units in Building: 4 |
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Lot Area: 2333 sqft |
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Special Conditions: Arm's Length |
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BasementMls Number: 480202 |
Last check for updates: about 6 hours ago
Listed by Gamal Hasan, (718) 768-4500
Bellmarc
Source: BNYMLS, MLS#480202

Price History for 386 E 31st St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/24/2024 | $1,195,000 | Sold | BNYMLS #480202 |
| 05/31/2024 | $1,195,000 | Pending | BNYMLS #480202 |
| 02/29/2024 | $1,195,000 | Listed For Sale | BNYMLS #480202 |
Market trends in New York
Last updated April 2026
Avg. sale price
$773K $2.33KMoM
Sale-to-List Price
97.7% 0.0%MoM
Price per sq ft
$635 $2MoM
Available listings
18005 1104MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,476 |
| Assessment | $1,021,000 |
Home facts updated by county records
Comparable Sales for 386 E 31st St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.39 | Multi-Family Home | $1,150,000 | 12/31/25 | 8 | 3 | 3,180 | |
0.36 | Multi-Family Home | $1,030,000 | 06/05/25 | 7 | 3 | 2,080 | |
0.03 | Multi-Family Home | $1,100,000 | 11/07/25 | 4 | 2 | 1,815 | |
0.22 | Multi-Family Home | $1,450,000 | 05/20/26 | 5 | 4 | 2,128 | |
0.44 | Multi-Family Home | $1,400,000 | 10/15/25 | 7 | 5 | 3,303 | |
0.33 | Multi-Family Home | $1,050,000 | 10/22/25 | 5 | 3 | 2,070 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 386 E 31st St.
What Locals Say about Flatbush
At least 944 Trulia users voted on each feature.
92 % Say there are sidewalks
90 % Say it's walkable to grocery stores
85 % Say it's walkable to restaurants
83 % Say it's dog friendly
75 % Say streets are well-lit
59 % Say kids play outside
58 % Say people would walk alone at night
55 % Say there's holiday spirit
52 % Say they plan to stay for at least 5 years
51 % Say neighbors are friendly
44 % Say yards are well-kept
43 % Say there are community events
33 % Say it's quiet
32 % Say car is needed
27 % Say there's wildlife
17 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 386 E 31st St
Off Market Homes Near 386 E 31st St

The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
Homes for rent near 386 E 31st St
386 E 31st St, Brooklyn, NY 11226 is a 8 bedroom, 3 bathroom, 3,135 sqft multi-family built in 1920. 386 E 31st St is located in Flatbush, Brooklyn. This property is not currently available for sale. 386 E 31st St was last sold on Sep 24, 2024 for $1,195,000 (0% higher than the asking price of $1,195,000). The current Trulia Estimate for 386 E 31st St is $1,203,600.