Mill Basin Multi-Family
2705 E 63rd Street Brooklyn, NY 11234
2705 E 63rd Street, Brooklyn, NY, 11234
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,232 SF
Lot Size0.06 Acres
Price / SF$417.70
Days on Market70
Property Features for 2705 E 63rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage - Attached
- Interior features
- Central Air, Central Air - Split, Microwave, Refrigerator, Stove
- Standard status
- Active
- Size
- 3,232 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10937
Building Details
- Year built
- 1965
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agency
Bergen Basin Realty LLC
(718) 763-4110
Listed by
Julia Usach
(718) 763-4110
Added: May 14 Updated: Jul 12 at 2:37PM Checked: Jul 22 at 1:06PM
MLS# 501428
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 semi-detached brick home is located in Mill Basin. The property is a multi-family residence offering a flexible, multi-level layout. It features a private driveway, an attached garage, and a backyard. The ground level has a renovated 1-bedroom living space with a full bathroom and split-system A/C. The second-floor residence has been renovated and includes 3 bedrooms, 2 full bathrooms, and central air. The third-floor residence features 3 bedrooms and 1.5 bathrooms, and central air. The third-floor residence will be delivered vacant, offering an opportunity for occupancy, rental use, or future customization. The property is of solid brick construction. It is conveniently located in prime Mill Basin near shopping, schools, transportation, houses of worship, and neighborhood amenities. The lot size is 0.0589 acres and the property size is 3232 square feet.
Key Highlights
- Brick 2‑family semi‑detached home with solid brick construction and flat roof
- Ground‑level fully renovated 1‑bedroom unit with full bathroom and split‑system A/C
- Second‑floor renovated unit with 3 bedrooms, 2 full bathrooms, and central air
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 | $164.8k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $161.7k | $50.03 |
| − OpEx | −$48.5k | −$15.01 |
| NOI | $113.2k | $35.02 |
3,232 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.41M – $1.89M
NOI $113,190 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,670 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,327 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated multi-family home in Mill Basin with flexible layout.
Where is this triplex located?
The property is located at 2705 E 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Brick 2‑family semi‑detached home with solid brick construction and flat roof; Ground‑level fully renovated 1‑bedroom unit with full bathroom and split‑system A/C; Second‑floor renovated unit with 3 bedrooms, 2 full bathrooms, and central air
