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    3-Family Brick Townhouse Title is generated by Realmo AI

    2514 Hubband Street, Brooklyn, NY 11235

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    Claim this Listing
    For Sale
    $2,490,000

    MULTI_FAMILY - Brooklyn, NY

    Lot size:
    0.06 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    290
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 2514 Hubband Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R4
    Bedrooms
    9
    Bathrooms
    7
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 9, Bedroom 8, Bathroom 6, Bedroom 4, Bedroom 7
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    A/C Unit, Central Air - Split, Dishwasher, Fireplace, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove
    Fireplace
    1
    Basement
    Finished
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    15992

    Building Details

    Year built
    1988
    Floors in Building
    4
    Number of units
    3
    Flooring type
    Hardwood, Tile, Parquet Wood
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Bozena Zgoda

    Listing agent Bozena Zgoda

    Listing office BO's Prime Realty 9524 Avenue L, Brooklyn, NY

    Listing date Aug 19, 2025

    MLS# 495154 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.

    HighLights

    • 3‑family brick residence built in 1988 with approx. 4,300 SF of interior space
    • Approx. 26.5 ft x 95 ft lot in Sheepshead Bay, Brooklyn
    • Three full‑floor apartments; each unit has separate gas and electric meters
    • Each apartment features private entrance plus open‑concept living and dining layout
    • Outdoor space includes rear and front terraces on the 2nd and 3rd floors and a front terrace on the 1st floor
    • Built‑in garage plus private 2‑car driveway; full‑size finished basement with separate entrance

    Overview

    This well-maintained 3-family brick residence was built in 1988 and is arranged as three full-floor apartments. Each unit is designed with an open-concept living and dining layout, hardwood flooring throughout, and its own private entrance. Apartment configurations include 3-bedroom or 2-bedroom options, with each unit offering 1 full bathroom and 1 half bathroom. Practical in-unit laundry space for a washer and dryer is included, and each apartment provides access to outdoor space via terraces on the second and third floors and a front terrace on the first floor, with rear and front terrace access on the upper levels. The third-floor apartment features a gas fireplace and an electric sauna.

    The property is situated on an approximately 26.5 ft by 95 ft lot in Sheepshead Bay, Brooklyn, and includes a built-in garage plus a private two-car driveway. A full-size finished basement with a separate entrance adds flexible utility for recreation, storage, or future customization. Separate meters are provided for gas and electric for each unit.

    With private entrances, separate utilities, and outdoor space tied to each floor, the layout supports both owner-occupants and investors seeking straightforward multi-family management. The added basement and outdoor terraces provide meaningful day-to-day value for residents, while the enclosed, multi-unit configuration can help diversify rental income within a classic three-apartment format.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.963565
    Latitude
    40.588692

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    FAQs

    What type of property is this?
    Triplex - Well-maintained 3-family brick residence with private entrances, separate utilities, and outdoor terraces for each level.
    Where is this triplex located?
    The property is located at 2514 Hubband Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: 3‑family brick residence built in 1988 with approx. 4,300 SF of interior space; Approx. 26.5 ft x 95 ft lot in Sheepshead Bay, Brooklyn; Three full‑floor apartments; each unit has separate gas and electric meters
    (718) 272-6500
    We can help!
    Listing Contact
    Bozena Zgoda
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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