New Construction
For Sale
$2,190,000
2169 W 13th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size3,780 SF
Lot Size0.07 Acres
Price / SF$579.37
Days on Market853
Property Features for 2169 W 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 6, Bathroom 6, Bedroom 3, Bedroom 8, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 9, Bathroom 2, Bathroom 5
Interior features
A/C Unit - Wall, Dishwasher, Stove, Terrace
Subdivision
Gravesend
Standard status
Active
Size
3,780 SF
Lot size
0.07 Acres
Amenities
European style custom kitchen cabinets
modern white quartz countertops
stainless steel appliances
premium hardwood flooring
washer/dryer hookup
separate heat and hot water systems
high ceilings
Eddison windows
private driveway
Building Details
Year built
2022
Floors in Building
3
Number of units
3
Flooring type
Marble, Tile, Hardwood
Building materials
Brick
Listing Agency:
Century 21 Realty First
Listed By:
Jin Xiu (Sue Li) Li Chen
(718) 758-5838
Added: May 13, 2024
Changed: Sep 11
Last Checked: Sep 12 at 5:06AM
MLS# 481981
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.
Completed in 2022, this brick triplex contains 3,780 square feet across three residential floors. Each apartment includes three bedrooms, two bathrooms, a living room, dining area, kitchen, and washer/dryer hookups. Interior finishes include premium hardwood flooring, marble and tile surfaces, stainless steel appliances, European-style cabinetry, and white quartz countertops. Wall-mounted A/C units, dishwashers, terraces, and abundant natural light add to the unit features. Separate heating and hot water systems serve each residence.
The property occupies a 30-by-100-foot lot at 2169 W 13th Street in Brooklyn’s Bensonhurst area. A private driveway provides parking, while stores, supermarkets, restaurants, bus service, and the D Train subway station are located nearby. Zoning is R5.
The property occupies a 30-by-100-foot lot at 2169 W 13th Street in Brooklyn’s Bensonhurst area. A private driveway provides parking, while stores, supermarkets, restaurants, bus service, and the D Train subway station are located nearby. Zoning is R5.
Key Highlights
- Three‑family brick property built in 2022
- 3,780 square feet on a 30x100 lot
- Each unit has 3 bedrooms and 2 bathrooms
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
$132,382
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
6.04%
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%
$2,647,640
$2.6M
Cap Rate 7%
$1,891,171
$1.9M
Cap Rate 9%
$1,470,911
$1.5M
Market Conditions
NOI Build-Up for 3,780 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
$192.8K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$189.1K $50.03/SF
− OpEx
−$56.7K −$15.01/SF
NOI
$132.4K $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%
$2,647,640
Cap Rate 7%
$1,891,171
Cap Rate 9%
$1,470,911
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.65M – $2.21M
NOI $132,382 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,399 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,089 @ 7.0% cap · market cap 10.00%
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
2,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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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 - Three residences offer generous layouts, contemporary kitchens, individual heating and hot water systems, and private driveway parking.
Where is this triplex located?
The property is located at 2169 W 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Three‑family brick property built in 2022; 3,780 square feet on a 30x100 lot; Each unit has 3 bedrooms and 2 bathrooms
