Brick Triplex with Private
New
For Sale
$2,400,000
2514 Hubbard Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size4,300 SF
Lot Size0.06 Acres
Price / SF$558.14
Days on Market4
Property Features for 2514 Hubbard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
7
Full bathrooms
4
Rooms
Bathroom 7, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 6
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
A/C Unit - Wall, Central Air - Split, Dishwasher, Dryer, Fireplace, Garage Door Opener(s), Laundry Area, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Fireplace
1
Subdivision
Sheepshead Bay
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
15992
Amenities
laundry space
hardwood flooring
gas fireplace
electric sauna
private entrance
open-concept living and dining
private outdoor terraces
finished basement
Building Details
Year built
1988
Number of units
3
Flooring type
Parquet Wood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
BO's Prime Realty
Listed By:
Bozena Zgoda
(718) 272-6500
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 6 at 11:06PM
MLS# 504251
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 brick triplex, built in 1988, contains 4,300 square feet of interior space arranged across three full-floor apartments and a walk-in basement. Each apartment has its own entrance, an open living and dining arrangement, hardwood flooring, laundry space, two bathrooms, and private front and rear terrace access. The third-floor residence adds a gas fireplace and electric sauna. Gas and electric service are separately metered for each unit.
The property occupies a 27-foot by 95-foot lot and includes a built-in garage, private two-car driveway, and finished full-size basement with a separate entrance. The R4-zoned property is near Avenue Z, the B and Q subway lines, local shopping, schools, and neighborhood amenities.
The property occupies a 27-foot by 95-foot lot and includes a built-in garage, private two-car driveway, and finished full-size basement with a separate entrance. The R4-zoned property is near Avenue Z, the B and Q subway lines, local shopping, schools, and neighborhood amenities.
Key Highlights
- Three full‑floor apartments plus a walk‑in basement
- 4,300 square feet of interior space on a 27‑foot by 95‑foot lot
- Separate gas and electric meters for all apartments
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
$150,593
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
6.27%
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%
$3,011,860
$3.0M
Cap Rate 7%
$2,151,329
$2.2M
Cap Rate 9%
$1,673,256
$1.7M
Market Conditions
NOI Build-Up for 4,300 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
$219.3K $51.00/SF
− Vacancy
−$4.2K −$0.97/SF
EGI
$215.1K $50.03/SF
− OpEx
−$64.5K −$15.01/SF
NOI
$150.6K $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%
$3,011,860
Cap Rate 7%
$2,151,329
Cap Rate 9%
$1,673,256
Alternative Uses
Best Use
Multifamily LT 5
$2.15M
$1.88M – $2.51M
NOI $150,593 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,275 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,228 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,426
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 - Three full-floor apartments offer separate meters, laundry areas, terraces, and private entries.
Where is this triplex located?
The property is located at 2514 Hubbard Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three full‑floor apartments plus a walk‑in basement; 4,300 square feet of interior space on a 27‑foot by 95‑foot lot; Separate gas and electric meters for all apartments
