Brick Triplex with Finished
For Sale
$1,199,000
1250 E 69th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size3,562 SF
Lot Size0.10 Acres
Price / SF$336.61
Days on Market52
Property Features for 1250 E 69th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 7, Bathroom 5, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Patio and Porch features
Patio
Interior features
A/C Unit, A/C Unit - Wall, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Refrigerator, Stove, Terrace, Window Treatments
Basement
Full, Finished
Subdivision
Georgetown
Standard status
Active
Size
3,562 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
12287
Amenities
backyard
fully finished basement
Building Details
Year built
1965
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Tammy Barmack
(718) 968-4444
Added: Aug 11
Changed: Sep 15
Last Checked: Oct 1 at 5:06PM
MLS# 503702
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.
This all-brick, semi-detached triplex occupies a 30-by-150-foot lot and provides 3,562 square feet of interior space. The split-level configuration includes three residential units, with a six-and-one-half-room arrangement on each of the primary levels and a separate two-bedroom apartment. The residences offer bedrooms, living rooms, formal dining areas, and one-and-a-half baths, while the finished basement adds flexible recreational space.
Built in 1965 and zoned R3-2, the property is located on E 69th Street in Brooklyn’s Georgetown area. Exterior features include a backyard, patio, terrace, and private parking for up to three cars. Interior amenities include hardwood flooring, wall and unit air-conditioning, laundry space, a dishwasher, refrigerator, stove, microwave, and dryer.
Built in 1965 and zoned R3-2, the property is located on E 69th Street in Brooklyn’s Georgetown area. Exterior features include a backyard, patio, terrace, and private parking for up to three cars. Interior amenities include hardwood flooring, wall and unit air-conditioning, laundry space, a dishwasher, refrigerator, stove, microwave, and dryer.
Key Highlights
- Triplex with 3,562 square feet of interior space
- 30x150 lot totaling 0.1027 acres
- All‑brick, semi‑detached split‑level construction
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
$108,744
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
9.07%
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%
$2,174,880
$2.2M
Cap Rate 7%
$1,553,486
$1.6M
Cap Rate 9%
$1,208,267
$1.2M
Market Conditions
NOI Build-Up for 3,562 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
$201.8K $56.64/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$197.7K $55.51/SF
− OpEx
−$89.0K −$24.98/SF
NOI
$108.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$2,174,880
Cap Rate 7%
$1,553,486
Cap Rate 9%
$1,208,267
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,747 @ 7.0% cap · market cap 10.40%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,744 @ 7.0% cap · market cap 9.07%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,454 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Semi-detached multifamily property with private parking, a finished lower level, and a rear outdoor area.
Where is this triplex located?
The property is located at 1250 E 69th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Triplex with 3,562 square feet of interior space; 30x150 lot totaling 0.1027 acres; All‑brick, semi‑detached split‑level construction
