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Sheepshead Bay Three-Family Home

2622 Avenue Y Brooklyn, NY 11235

Claim this Listing
For Sale
$1,599,999

MULTI_FAMILY - Brooklyn, NY

Property size:
3,000 SF
Lot size:
0.06 Acres
Price / SF:
$533/SF
Added:
Apr 16, 2026
Days on Market:
88
Last Refresh:
Jul 12 at 7:06 pm

Property Features for 2622 Avenue Y

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
7
Bathrooms
6
Rooms
Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 6, Bathroom 3
Patio and Porch features
Patio, Porch
Interior features
A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Full, Finished
Standard status
Active
Size
3,000 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
11056

Building Details

Floors in Building
3
Number of units
3
Flooring type
Ceramic, Hardwood, Laminate
Building materials
Block
Roof type
Flat

Listing agent Alla Veksler

Listing office Maximillion Realty, Inc. 101 Avenue U, Brooklyn, NY

Listing date Apr 16, 2026

MLS# 500548 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 remarkable three-family, semi-detached home situated in the Sheepshead Bay area, offering convenient access to major transportation, shopping, schools, and parks. The two-story home includes a finished basement and is located on a 25x100 lot. The building measures 20x68 feet, providing approximately 3,000 square feet of living space. The first floor features two private entrances leading into a three-bedroom, one-and-a-half-bath apartment with outdoor space, an eat-in kitchen equipped with stainless steel appliances, and large rooms. The second floor contains two 2-bedroom units with private entrances, all in good condition. The full finished basement with a bath can serve as additional space or an office. The property includes a driveway that can accommodate two cars. There are four electric meters and three gas meters. The property is zoned R4 and has low property taxes of $11,056, making it an investment opportunity with income potential.

Key Highlights

  • Three‑family semi‑detached home with finished basement on a 25x100 property
  • Approx. 20x68 living space with two private entrances for a 3BR/1.5BA first‑floor unit
  • Second floor has two 2‑bedroom units, each with a private entrance

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 $153.0k $51.00
− Vacancy −$2.9k −$0.97
EGI $150.1k $50.03
− OpEx −$45.0k −$15.01
NOI $105.1k $35.02
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M (±1% cap)
NOI $105,065 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M (±1% cap)
NOI $91,587 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M (±1% cap)
NOI $173,880 @ 7.0% cap · market cap 10.87%
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 Catering Service Hotel & Motel Acupuncture Locksmith Bar & Pub Nursing Home Coworking & Hybrid Office (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Triplex - Three-family home in Sheepshead Bay near transportation and shopping.
Where is this triplex located?
The property is located at 2622 Avenue Y Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Three‑family semi‑detached home with finished basement on a 25x100 property; Approx. 20x68 living space with two private entrances for a 3BR/1.5BA first‑floor unit; Second floor has two 2‑bedroom units, each with a private entrance
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More about this property
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