Detached Three-Unit
For Sale
$1,999,000
1214 67TH STREET, Brooklyn, NY 11219
Residential Income, Brooklyn, NY
Property Size2,600 SF
Lot Size0.06 Acres
Price / SF$768.85
Days on Market78
Property Features for 1214 67TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 9, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Driveway
Fencing
Fenced
Subdivision
Dyker Heights
Standard status
Active
Size
2,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8300
Utilities
Water source
Public
Building Details
Year built
1915
Floors in Building
3
Building materials
Vinyl Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Hamdan Realty
Listed By:
Lu Hamdan
(718) 633-7558
Added: Jun 22
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# 11847090
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.
Located at 1214 67th Street in Brooklyn’s Dyker Heights area, this detached multifamily property contains three self-contained residential units totaling 2,600 square feet. The building was constructed in 1915 and sits on a 0.0597-acre lot with approximately 130 feet of depth.
Exterior features include vinyl siding, a rubber roof, fencing, and a driveway. A detached garage provides additional on-site utility, while public water serves the property. The three-unit configuration offers separate residential accommodations within a single detached structure in Brooklyn’s 11219 ZIP code.
Exterior features include vinyl siding, a rubber roof, fencing, and a driveway. A detached garage provides additional on-site utility, while public water serves the property. The three-unit configuration offers separate residential accommodations within a single detached structure in Brooklyn’s 11219 ZIP code.
Key Highlights
- Three self‑contained residential units
- 2,600 square feet of building area
- 0.0597‑acre lot with approximately 130 feet of depth
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
$75,086
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
3.76%
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%
$1,501,720
$1.5M
Cap Rate 7%
$1,072,657
$1.1M
Cap Rate 9%
$834,289
$834.3K
Market Conditions
NOI Build-Up for 2,600 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
$112.3K $43.20/SF
− Vacancy
−$5.1K −$1.94/SF
EGI
$107.3K $41.26/SF
− OpEx
−$32.2K −$12.38/SF
NOI
$75.1K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,501,720
Cap Rate 7%
$1,072,657
Cap Rate 9%
$834,289
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.6K – $1.25M
NOI $75,086 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$962.9K
$842.5K – $1.12M
NOI $67,401 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,986 @ 7.0% cap · market cap 5.90%
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
3,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Three separate residential units are arranged within a detached building with driveway parking and a garage.
Where is this triplex located?
The property is located at 1214 67TH STREET Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three self‑contained residential units; 2,600 square feet of building area; 0.0597‑acre lot with approximately 130 feet of depth
