Brick Three-Family
For Sale
$1,750,000
166 Stuyvesant Avenue, Brooklyn, NY 11221
Residential, Ranch, Brooklyn, NY
Property Size4,130 SF
Lot Size0.04 Acres
Price / SF$423.73
Days on Market64
Property Features for 166 Stuyvesant Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R6A
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 5, Bathroom 4, Bedroom 6, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
4,130 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
12000
Amenities
private backyard
Building Details
Year built
2005
Floors in Building
3
Number of units
3
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Jul 9
Changed: Sep 5
Last Checked: Sep 10 at 7:06AM
MLS# 502843
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 4,130-square-foot triplex is a brick three-family property completed in 2005. The second- and third-floor residences each include two bedrooms, two bathrooms, a home office, modern kitchens, and updated European-style bathrooms. One of these apartments also provides access to private backyard space. Interior equipment includes a refrigerator and stove, while the building has a flat roof and ranch-style architecture.
The property is located at 166 Stuyvesant Avenue in Brooklyn’s Bedford-Stuyvesant section. Nearby transportation includes Kosciuszko Street, Gates Avenue, and Utica Avenue stations, with service connecting to the J, M, Z, A, and C trains. Pratt Institute, the Brooklyn Botanic Garden, museums, shops, cafés, parks, and restaurants are also identified in the surrounding area. The property is zoned R6A and occupies 0.0448 acres.
The property is located at 166 Stuyvesant Avenue in Brooklyn’s Bedford-Stuyvesant section. Nearby transportation includes Kosciuszko Street, Gates Avenue, and Utica Avenue stations, with service connecting to the J, M, Z, A, and C trains. Pratt Institute, the Brooklyn Botanic Garden, museums, shops, cafés, parks, and restaurants are also identified in the surrounding area. The property is zoned R6A and occupies 0.0448 acres.
Key Highlights
- 4,130‑square‑foot three‑family triplex
- 0.0448‑acre lot in Brooklyn, NY 11221
- Brick construction completed in 2005
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
$144,640
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
8.27%
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%
$2,892,800
$2.9M
Cap Rate 7%
$2,066,286
$2.1M
Cap Rate 9%
$1,607,111
$1.6M
Market Conditions
NOI Build-Up for 4,130 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
$210.6K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$206.6K $50.03/SF
− OpEx
−$62.0K −$15.01/SF
NOI
$144.6K $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%
$2,892,800
Cap Rate 7%
$2,066,286
Cap Rate 9%
$1,607,111
Alternative Uses
Best Use
Multifamily LT 5
$2.07M
$1.81M – $2.41M
NOI $144,640 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,085 @ 7.0% cap · market cap 7.20%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,375 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two upper-level apartments offer two bedrooms, two baths, and home-office space.
Where is this triplex located?
The property is located at 166 Stuyvesant Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 4,130‑square‑foot three‑family triplex; 0.0448‑acre lot in Brooklyn, NY 11221; Brick construction completed in 2005
