Three-Unit Brick Multifamily
For Sale
$1,149,888
Pending
192 Hale Avenue, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size3,072 SF
Lot Size0.05 Acres
Days on Market97
Property Features for 192 Hale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 2, Basement
Interior features
First Floor Bedroom
Basement
Full
Elementary school
Contact Agent
Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Pending
APN
03959-0137
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5478
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1901
Number of units
3
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Philip Ross SRS
(917) 502-9420
Added: Jun 3
Changed: Sep 5
Last Checked: Sep 7 at 5:06AM
MLS# 1013148
Copyright © 2026 OneKey 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 three-family brick residence contains approximately 3,072 sq. ft. across three stories and was built in 1901 on a 23 x 100 lot. The apartment arrangement includes a two-bedroom home on the first floor, which will be vacant at closing, along with three-bedroom units on the upper floors. Those apartments are occupied by tenants who have each remained in place for 18 years, providing established rental occupancy.
The full basement is unfinished and has been excavated to roughly seven feet, with entrances at both the front and rear. The property is zoned R5B and includes a first-floor bedroom, natural-gas heat, electricity available, public water, and public sewer. It is located near the J train, Highland Park, and the Jackie Robinson Parkway in Brooklyn.
The full basement is unfinished and has been excavated to roughly seven feet, with entrances at both the front and rear. The property is zoned R5B and includes a first-floor bedroom, natural-gas heat, electricity available, public water, and public sewer. It is located near the J train, Highland Park, and the Jackie Robinson Parkway in Brooklyn.
Key Highlights
- Three‑family brick residence with approximately 3,072 sq. ft. across three stories
- 23 x 100 lot; building constructed in 1901
- First‑floor two‑bedroom apartment to be vacant at closing
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
$78,859
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
6.86%
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%
$1,577,180
$1.6M
Cap Rate 7%
$1,126,557
$1.1M
Cap Rate 9%
$876,211
$876.2K
Market Conditions
NOI Build-Up for 3,072 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
$118.0K $38.40/SF
− Vacancy
−$5.3K −$1.73/SF
EGI
$112.7K $36.67/SF
− OpEx
−$33.8K −$11.00/SF
NOI
$78.9K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,577,180
Cap Rate 7%
$1,126,557
Cap Rate 9%
$876,211
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.7K – $1.31M
NOI $78,859 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$1.00M
$877.7K – $1.17M
NOI $70,217 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,578 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-story residential property with one vacant apartment, two occupied units, and an unfinished basement with separate exterior access.
Where is this triplex located?
The property is located at 192 Hale Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,888.
What are key features of this property?
This property features: Three‑family brick residence with approximately 3,072 sq. ft. across three stories; 23 x 100 lot; building constructed in 1901; First‑floor two‑bedroom apartment to be vacant at closing
