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Renovated Brooklyn Multi-Family House

2227 West Street Brooklyn, NY 11223

2227 West Street, Brooklyn, NY, 11223
$1,799,000
For Sale
Claim this Listing
$1,799,000

MULTI_FAMILY - Brooklyn, NY

Property Size2,550 SF
Lot Size0.05 Acres
Price / SF$705.49
AddedMay 11
Days on Market66
Last RefreshJul 15 at 5:06 am

Property Features for 2227 West Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Garage - Attached
Patio and Porch features
Porch
Interior features
A/C Unit, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Standard status
Active
Size
2,550 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
11830

Building Details

Year built
1960
Floors in Building
2
Flooring type
Parquet Wood, Carpet, Ceramic
Building materials
Brick
Roof type
Flat

Listing agent Vincent E. Salino

Listing office Wolf Properties Inc 170 Gravesend Neck Road, Brooklyn, NY

Listing date May 11, 2026

MLS# 501324 Listing URL

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 is a renovated three-family attached house located in the Gravesend neighborhood of Brooklyn, New York. The property features one three-bedroom apartment, and two two-bedroom apartments. A breezeway shaft runs from the roof to the first floor, allowing sunlight to brighten the interior. The property includes a private driveway and an attached one-car garage. The lot size is 0.0459 acres. The property size is 2550 square feet. The zoning is R4.

Key Highlights

  • Renovated attached 3‑family home with a 3BR unit over a 2BR unit and additional 2BR apartment
  • Breezeway shaft runs from the roof to the 1st floor to bring sunlight into the interior
  • Attached one‑car garage with private driveway and garage door opener(s)

Local 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 $130.1k $51.00
− Vacancy −$2.5k −$0.97
EGI $127.6k $50.03
− OpEx −$38.3k −$15.01
NOI $89.3k $35.02
2,550 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,305 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$1.11M
$973.1K – $1.30M (±1% cap)
NOI $77,849 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M (±1% cap)
NOI $147,798 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Law Firm Hotel & Motel Nursing Home Tattoo & Piercing Shop Coworking & Hybrid Office Nursing Home (Bike/Boat/Book/etc) Store Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Renovated 3-family house in prime Gravesend with private driveway.
Where is this triplex located?
The property is located at 2227 West Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Renovated attached 3‑family home with a 3BR unit over a 2BR unit and additional 2BR apartment; Breezeway shaft runs from the roof to the 1st floor to bring sunlight into the interior; Attached one‑car garage with private driveway and garage door opener(s)
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More about this property
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