Semi-Detached Three-Family Brick
321 97th Street Brooklyn, NY 11209
For Sale
$1,600,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,391 SF
Lot Size0.05 Acres
Price / SF$471.84
Days on Market53
Property Features for 321 97th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bathrooms
5
Rooms
Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Interior features
Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Full, Unfinished
Standard status
Active
Size
3,391 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12042
Building Details
Year built
1980
Floors in Building
3
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat, Asphalt
Listing Agency:
Velsor Realty
(718) 238-5550
Listed By:
Eva Valenti
(718) 238-5550
Added: Jun 5
Changed: Jul 11
Last Checked: Jul 27 at 1:06PM
MLS# 501955
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 three-family brick home was built in 1980 and offers a practical multi-level layout with a full basement. The property includes a one-car garage and private drive, along with open concept kitchen and dining areas, hardwood floors, a dedicated laundry area, and dishwashers. The second and third floor units each provide three bedrooms, with a half-bath off the master bedroom. The first-floor unit is a one-bedroom apartment, supporting a mix of tenant types within the same building.
Zoned R4-1, the home sits on a lot measuring 21 by 33 feet and includes a site area described as 21.33 by 97.17. The listing notes proximity to 3rd Avenue shopping and restaurants, with a short distance to the R-Train and local parks.
For tenants and operators seeking an income-producing residential building, this configuration allows for separate units on separate floors, including two similarly sized three-bedroom residences and a one-bedroom first-floor apartment. Existing in-unit amenities such as dishwashers and a laundry area add day-to-day convenience for residents, while the full basement and garage support the overall functionality of the property.
Zoned R4-1, the home sits on a lot measuring 21 by 33 feet and includes a site area described as 21.33 by 97.17. The listing notes proximity to 3rd Avenue shopping and restaurants, with a short distance to the R-Train and local parks.
For tenants and operators seeking an income-producing residential building, this configuration allows for separate units on separate floors, including two similarly sized three-bedroom residences and a one-bedroom first-floor apartment. Existing in-unit amenities such as dishwashers and a laundry area add day-to-day convenience for residents, while the full basement and garage support the overall functionality of the property.
Key Highlights
- Semi‑detached 3‑family brick home built in 1980 with flat and asphalt roofing
- 21' x 53' house size on a 21'33" x 97.17' lot (per provided details)
- Hardwood and ceramic flooring throughout
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 | $172.9k | $51.00 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $169.7k | $50.03 |
| − OpEx | −$50.9k | −$15.01 |
| NOI | $118.8k | $35.02 |
3,391 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.48M – $1.98M
NOI $118,759 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,524 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,542 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Brick three-family with private drive, one-car garage, full basement, and updated unit layouts across three levels.
Where is this triplex located?
The property is located at 321 97th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Semi‑detached 3‑family brick home built in 1980 with flat and asphalt roofing; 21' x 53' house size on a 21'33" x 97.17' lot (per provided details); Hardwood and ceramic flooring throughout
