Brick Triplex with Full
New
For Sale
$1,300,000
1769 Nostrand Ave, Brooklyn, NY 11226
Residential Income, Brooklyn, NY
Property Size3,300 SF
Lot Size0.08 Acres
Price / SF$393.94
Days on Market5
Property Features for 1769 Nostrand Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Little Haiti
Standard status
Active
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7773
Building Details
Year built
1933
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 6 at 8:06AM
MLS# 11962479
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 brick, three-family property includes three floors above a full basement and approximately 3,300 square feet of building area. The three apartments are in move-in condition, with hardwood flooring, updated kitchens equipped with stainless appliances, and front-and-rear windows. The full-height basement is open and provides space for storage or laundry. The building measures 20 x 55 on a 20 x 100 lot and was built in 1933.
Located on Nostrand Avenue in Brooklyn, the property is steps from the Nostrand Avenue subway station and major bus routes. Shopping, restaurants, cafes, schools, and parks are nearby. The property is zoned R6 with a C2-3 overlay and sits on a wide street. It will be delivered vacant at closing.
Located on Nostrand Avenue in Brooklyn, the property is steps from the Nostrand Avenue subway station and major bus routes. Shopping, restaurants, cafes, schools, and parks are nearby. The property is zoned R6 with a C2-3 overlay and sits on a wide street. It will be delivered vacant at closing.
Key Highlights
- Three‑family brick property delivered vacant at closing
- Approximately 3,300 square feet on a 20 x 100 lot; building measures 20 x 55
- Three floors over a full‑height, open basement
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
$83,651
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
6.43%
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%
$1,673,020
$1.7M
Cap Rate 7%
$1,195,014
$1.2M
Cap Rate 9%
$929,456
$929.5K
Market Conditions
NOI Build-Up for 3,300 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
$124.7K $37.80/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$119.5K $36.21/SF
− OpEx
−$35.9K −$10.86/SF
NOI
$83.7K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /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%
$1,673,020
Cap Rate 7%
$1,195,014
Cap Rate 9%
$929,456
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,651 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,175 @ 7.0% cap · market cap 8.78%
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
3,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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 - Vacant three-family building with updated kitchens, hardwood floors, and access to subway and major bus lines.
Where is this triplex located?
The property is located at 1769 Nostrand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑family brick property delivered vacant at closing; Approximately 3,300 square feet on a 20 x 100 lot; building measures 20 x 55; Three floors over a full‑height, open basement
