Detached Brick Triplex with
For Sale
$1,995,000
11 Mackay Pl, Brooklyn, NY 11209
MULTI_FAMILY - Brookyn, NY
Property Size3,255 SF
Lot Size0.03 Acres
Price / SF$612.90
Days on Market11
Property Features for 11 Mackay Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 4
Parking features
Driveway
Subdivision
Bay Ridge
Standard status
Active
Size
3,255 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11627
Utilities
Heating system
Natural Gas, Steam
Amenities
washer/dryer
recessed lighting
skylights
backyard
Building Details
Year built
1925
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat, Slate
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 21 at 9:06PM
MLS# 11929282
Copyright © 2026 My State MLS. 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.
This fully detached, solid-brick triplex contains 3,255 square feet and was built in 1925. The configuration includes a two-bedroom unit over another two-bedroom unit, with each upper level offering an additional third bedroom. All three residences include a washer and dryer. Interior features include hardwood and tile flooring, generous closet and storage space, recessed lighting, skylights, and southern exposure. A private driveway, one-car garage, and secluded backyard add practical value to the property.
The home is in Bay Ridge near the Shore Road promenade, dog park, waterfront greenspace, express bus service, the R train, and the NYC Ferry. Restaurants, supermarkets, parks, and schools are also located nearby. Upper-floor residences include harbor views.
The home is in Bay Ridge near the Shore Road promenade, dog park, waterfront greenspace, express bus service, the R train, and the NYC Ferry. Restaurants, supermarkets, parks, and schools are also located nearby. Upper-floor residences include harbor views.
Key Highlights
- Legal three‑family property with a 2‑bedroom over 2‑bedroom over 1‑bedroom layout
- 3,255 square feet on a 0.0349‑acre lot
- Upper floors each include an additional 3rd bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,996
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,279,920
$2.3M
Cap Rate 7%
$1,628,514
$1.6M
Cap Rate 9%
$1,266,622
$1.3M
Market Conditions
NOI Build-Up for 3,255 SF
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.
Gross rent
$166.0K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$162.9K $50.03/SF
− OpEx
−$48.9K −$15.01/SF
NOI
$114.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,279,920
Cap Rate 7%
$1,628,514
Cap Rate 9%
$1,266,622
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.42M – $1.90M
NOI $113,996 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,372 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.14M
NOI $188,660 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-unit residence with flexible bedroom layouts, in-unit laundry, harbor views, and a private backyard.
Where is this triplex located?
The property is located at 11 Mackay Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Legal three‑family property with a 2‑bedroom over 2‑bedroom over 1‑bedroom layout; 3,255 square feet on a 0.0349‑acre lot; Upper floors each include an additional 3rd bedroom
