Renovated 3-Family Brick
315 89th Street Brooklyn, NY 11209
315 89th Street, Brooklyn, NY, 11209
$1,825,000
For Sale
$1,825,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,020 SF
Lot Size0.05 Acres
Price / SF$604.30
Days on Market152
Property Features for 315 89th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
- Parking features
- Garage - Detached
- Interior features
- Central Air - Split, Fireplace
- Fireplace
- 1
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,020 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12281
Building Details
- Year built
- 1925
- Floors in Building
- 4
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
8418 3rd Ave, Brooklyn, NY
Listed by
Charles A. Fabbella
(718) 680-6442
Added: Feb 15 Checked: Jul 17 at 4:06 pm
MLS# 499013
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 renovated semi-detached brick 3-family residence sits on a 20x100 lot, with the home measuring 16x60. All units have separate heat and hot water, along with individual thermostats. The property is described as beautifully renovated throughout.
The third-floor unit is a unique 3-bedroom duplex with a private balcony, a gas fireplace, and a large third bedroom duplexed upward. That upper space includes a walk-in closet and a private bathroom, plus a private rooftop with Bay Ridge Brooklyn views.
Each unit is maintained as a self-contained home with its own heating and hot water services, supported by separate controls. The property is currently fully rented with no leases reported. In addition, a detached garage is separately rented for extra income at $350/month. With its turnkey configuration and separate systems, this offering is well suited to owner-occupants or investors seeking a ready-to-manage multifamily setup.
The third-floor unit is a unique 3-bedroom duplex with a private balcony, a gas fireplace, and a large third bedroom duplexed upward. That upper space includes a walk-in closet and a private bathroom, plus a private rooftop with Bay Ridge Brooklyn views.
Each unit is maintained as a self-contained home with its own heating and hot water services, supported by separate controls. The property is currently fully rented with no leases reported. In addition, a detached garage is separately rented for extra income at $350/month. With its turnkey configuration and separate systems, this offering is well suited to owner-occupants or investors seeking a ready-to-manage multifamily setup.
Key Highlights
- Brick semi‑detached 3‑family on a 20x100 lot; building size listed as 16 x 60
- All separate heat & hot water with separate thermostats
- Year built 1925; flat roof; hardwood flooring
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 | $154.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $151.1k | $50.03 |
| − OpEx | −$45.3k | −$15.01 |
| NOI | $105.8k | $35.02 |
3,020 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,766 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,197 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,039 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Remsen Wireless
Mobile Phone Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Semi-detached brick 3-family with separate heat and hot water, fully rented with no leases, plus a rented detached garage.
Where is this triplex located?
The property is located at 315 89th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Brick semi‑detached 3‑family on a 20x100 lot; building size listed as 16 x 60; All separate heat & hot water with separate thermostats; Year built 1925; flat roof; hardwood flooring
