Brownstone
For Sale
$1,350,000
Pending
341 Weirfield Street, Brooklyn, NY 11237
Residential Income, Brooklyn, NY
Property Size2,320 SF
Lot Size0.05 Acres
Days on Market270
Property Features for 341 Weirfield Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Parking features
On Street
Interior features
Cathedral Ceiling(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, Original Details
Basement
Full
Elementary school
Ps 151 Lyndon B Johnson
Middle school
Evergreen Ms-Urban Exploration
High school
Brooklyn School For Math And Research (The)
Elementary school district
Brooklyn 32
Middle school district
Brooklyn 32
High school district
Brooklyn 32
Standard status
Pending
APN
03399-0051
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5297
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1910
Number of units
3
Building materials
Brownstone
Listing Agency:
Eileen Daniel Realty Corp
(718) 464-5934
Listed By:
Jacqueline Woodham
(516) 237-9792
Added: Dec 6, 2025
Changed: Aug 20
Last Checked: Sep 2 at 4:06AM
MLS# 940497
Copyright © 2026 OneKey MLS. 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 1910 brownstone is arranged as a three-unit multifamily property with approximately 2,320 square feet, seven bedrooms, and four bathrooms. Interior details include original features, high ceilings, an entrance foyer, an eat-in kitchen, and cathedral ceilings. The building is heated with oil and cooled by wall or window units, with on-street parking available.
Located at 341 Weirfield Street in Brooklyn, the property is near access to the L, J, M, and Z subway lines. The parcel contains 0.0459 acres and is served by public water and public sewer, with water available listed among the utilities.
Located at 341 Weirfield Street in Brooklyn, the property is near access to the L, J, M, and Z subway lines. The parcel contains 0.0459 acres and is served by public water and public sewer, with water available listed among the utilities.
Key Highlights
- Three‑unit brownstone multifamily property
- Approximately 2,320 square feet with 7 bedrooms and 4 bathrooms
- Built in 1910 with original details and high ceilings
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
$81,250
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
6.02%
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%
$1,625,000
$1.6M
Cap Rate 7%
$1,160,714
$1.2M
Cap Rate 9%
$902,778
$902.8K
Market Conditions
NOI Build-Up for 2,320 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
$118.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$116.1K $50.03/SF
− OpEx
−$34.8K −$15.01/SF
NOI
$81.3K $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%
$1,625,000
Cap Rate 7%
$1,160,714
Cap Rate 9%
$902,778
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,250 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$1.01M
$885.3K – $1.18M
NOI $70,827 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,467 @ 7.0% cap · market cap 9.96%
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
4,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 separate residences provide a flexible multifamily configuration in Brooklyn.
Where is this triplex located?
The property is located at 341 Weirfield 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: Three‑unit brownstone multifamily property; Approximately 2,320 square feet with 7 bedrooms and 4 bathrooms; Built in 1910 with original details and high ceilings
