Three-Family
For Sale
$1,795,000
211 Van Buren Street, Brooklyn, NY 11221
Residential, Brooklyn, NY
Property Size3,540 SF
Lot Size0.05 Acres
Price / SF$507.06
Days on Market75
Property Features for 211 Van Buren Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
Basement
Full, Unfinished
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
3,540 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3778
Amenities
private rear garden
Building Details
Year built
1899
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Ceramic
Building materials
Brick, Masonry
Roof type
Flat
Listing Agency:
Bellmarc
Listed By:
Gamal Hasan
(718) 768-4500
Added: Jul 11
Changed: Sep 15
Last Checked: Sep 23 at 3:06AM
MLS# 502956
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 four-story, three-family brownstone contains 3,540 square feet on a 0.0452-acre lot. The current layout includes a six-room lower duplex with access to the rear garden and two upper apartments, each with four rooms, two bedrooms, and one bathroom. Renovation work is underway, with the kitchens and bathrooms removed for completion by the next owner. A full cellar adds storage and utility space, while brick and masonry construction, hardwood and ceramic flooring, and a flat roof are existing property features.
Built in 1899 and zoned R6B, the property is located at 211 Van Buren Street in Brooklyn. It will be delivered vacant and is being offered in as-is condition. The existing three-family arrangement provides a defined residential layout, with the property also identified for possible conversion to a single-family townhouse, an owner’s triplex with a rental unit, or continued multifamily use.
Built in 1899 and zoned R6B, the property is located at 211 Van Buren Street in Brooklyn. It will be delivered vacant and is being offered in as-is condition. The existing three-family arrangement provides a defined residential layout, with the property also identified for possible conversion to a single-family townhouse, an owner’s triplex with a rental unit, or continued multifamily use.
Key Highlights
- 3,540‑square‑foot four‑story brownstone on a 0.0452‑acre lot
- Current layout includes a six‑room lower duplex and two four‑room upper apartments
- Each upper apartment has two bedrooms and one bathroom
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
$123,977
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
6.91%
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%
$2,479,540
$2.5M
Cap Rate 7%
$1,771,100
$1.8M
Cap Rate 9%
$1,377,522
$1.4M
Market Conditions
NOI Build-Up for 3,540 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
$180.5K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$177.1K $50.03/SF
− OpEx
−$53.1K −$15.01/SF
NOI
$124.0K $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%
$2,479,540
Cap Rate 7%
$1,771,100
Cap Rate 9%
$1,377,522
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $123,977 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,073 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$2.93M
$2.56M – $3.42M
NOI $205,178 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,936
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 - Partially renovated multifamily property with garden access, a full cellar, and flexible residential configuration.
Where is this triplex located?
The property is located at 211 Van Buren Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 3,540‑square‑foot four‑story brownstone on a 0.0452‑acre lot; Current layout includes a six‑room lower duplex and two four‑room upper apartments; Each upper apartment has two bedrooms and one bathroom
