Solid Brick 3-Family
2064 Coyle Street Brooklyn, NY 11229
For Sale
$980,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,040 SF
Lot Size0.04 Acres
Price / SF$480.39
Days on Market50
Property Features for 2064 Coyle Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Standard status
Active
Size
2,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7147
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Calemine & Co. Real Estate, LL
(718) 998-1100
Listed By:
Kevin Reilly
(718) 998-1100
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 27 at 11:06AM
MLS# 502099
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.
Solid brick 3-family home offering a current layout of a 2-bedroom unit over a 1-bedroom apartment over a studio/1-bedroom apartment. The property includes a community driveway and a detached 2-car garage. It is fully vacant. Electric service has been recently updated, with 4 new meters and sub-panels already in place, supporting continuity for future residential use.
The home is located in Marine Park, just minutes from the Nature Preserve and the activities available there. It also remains within close proximity to the shopping, dining, and public transportation options along the Avenue U shopping strip. Zoning is R4.
For buyers seeking an income-residential property, this configuration provides three separate dwelling units in a straightforward vertical arrangement. With some updating or remodeling, the home may also be adaptable for alternative layouts, including conversion concepts referenced for a larger triplex or different residential combinations. As presented, the updated electrical infrastructure and detached garage are practical features for an owner making improvements after acquisition.
The home is located in Marine Park, just minutes from the Nature Preserve and the activities available there. It also remains within close proximity to the shopping, dining, and public transportation options along the Avenue U shopping strip. Zoning is R4.
For buyers seeking an income-residential property, this configuration provides three separate dwelling units in a straightforward vertical arrangement. With some updating or remodeling, the home may also be adaptable for alternative layouts, including conversion concepts referenced for a larger triplex or different residential combinations. As presented, the updated electrical infrastructure and detached garage are practical features for an owner making improvements after acquisition.
Key Highlights
- Solid brick 3‑family home with community driveway and a detached 2‑car garage
- Fully vacant with unit layout: 2‑bedroom over 1‑bedroom over studio/1‑bedroom
- Recently updated electric service with 4 new meters and sub‑panels
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.0k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $102.1k | $50.03 |
| − OpEx | −$30.6k | −$15.01 |
| NOI | $71.4k | $35.02 |
2,040 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.1K – $1.19M
NOI $71,444 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$889.7K
$778.5K – $1.04M
NOI $62,279 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,238 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Solid brick 3-family with a community driveway and detached 2-car garage, fully vacant and ready for updates.
Where is this triplex located?
The property is located at 2064 Coyle Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Solid brick 3‑family home with community driveway and a detached 2‑car garage; Fully vacant with unit layout: 2‑bedroom over 1‑bedroom over studio/1‑bedroom; Recently updated electric service with 4 new meters and sub‑panels
