Brick Triplex Home With Three
For Sale
$1,050,000
217 Brighton 1st Lane, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,249 SF
Lot Size0.02 Acres
Price / SF$466.87
Days on Market250
Property Features for 217 Brighton 1st Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Brighton Beach
Standard status
Active
Size
2,249 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7783
Building Details
Year built
1931
Floors in Building
2
Number of units
3
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Eddie Anwar Arib
(718) 269-4598
Added: Dec 6, 2025
Changed: Aug 4
Last Checked: Aug 13 at 2:06PM
MLS# 497749
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.
Brick three-family home with three apartments, totaling 2,249 SF of living space on a 0.0233-acre lot. Built in 1931, the property is constructed with brick and features a flat roof. The unit mix is configured as a three-bedroom unit over a two-bedroom unit over a two-bedroom unit, and the apartments are described as being in good condition.
Interior finishes include hardwood and ceramic flooring. Interior features listed include a refrigerator and stove. The home is presented as properly maintained.
The property is conveniently located near buses, the B & Q subway line, Belt Parkway, schools, parks, shopping, and the Brighton Beach boardwalk.
Interior finishes include hardwood and ceramic flooring. Interior features listed include a refrigerator and stove. The home is presented as properly maintained.
The property is conveniently located near buses, the B & Q subway line, Belt Parkway, schools, parks, shopping, and the Brighton Beach boardwalk.
Key Highlights
- 3‑family brick home totaling 2,249 SF of living space
- 0.0233‑acre lot
- Built in 1931 with a flat roof
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
$78,764
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
7.50%
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%
$1,575,280
$1.6M
Cap Rate 7%
$1,125,200
$1.1M
Cap Rate 9%
$875,156
$875.2K
Market Conditions
NOI Build-Up for 2,249 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
$114.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.5K $50.03/SF
− OpEx
−$33.8K −$15.01/SF
NOI
$78.8K $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%
$1,575,280
Cap Rate 7%
$1,125,200
Cap Rate 9%
$875,156
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$984.6K – $1.31M
NOI $78,764 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$980.9K
$858.3K – $1.14M
NOI $68,660 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,352 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,692
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - Triplex on a small lot with three apartments and 2249 SF of living space, built in 1931.
Where is this triplex located?
The property is located at 217 Brighton 1st Lane Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3‑family brick home totaling 2,249 SF of living space; 0.0233‑acre lot; Built in 1931 with a flat roof
