Brick Triplex with Gated Private
For Sale
$3,580,000
360 S 3RD ST, Brooklyn, NY 11211
MULTI_FAMILY - Other - Brooklyn, NY
Property Size4,960 SF
Lot Size0.05 Acres
Price / SF$721.77
Days on Market83
Property Features for 360 S 3RD ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 6, Bathroom 1, Laundry Room, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Parking features
Carport
Subdivision
Southside
Directions
Three blocks from the Hewes St M & J train stop, three blocks from the Williamsburg Bridge, and seven blocks from the Lorimer L train stop.
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8932
Utilities
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Amenities
private balcony
shared rooftop
fully finished basement
Building Details
Year built
2000
Floors in Building
4
Flooring type
Hardwood
Building materials
Masonite
Roof type
Rubber
Architectural style
Other
Listing Agency:
TRADEMARKO REALTY INC
(718) 502-5141
Listed By:
Peter Nowik · License #10401329596
(718) 381-7715
Added: Jun 4
Changed: Aug 3
Last Checked: Aug 25 at 9:06PM
MLS# 11800990
Copyright © 2026 My State 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.
Legal three-family brick townhouse offered as a triplex. Built in 2000 and renovated and expanded in 2011, the home totals approximately 4,960 square feet, with an added upward extension of approximately 1,200 square feet to create a more spacious, flexible layout. Hardwood flooring and hot water heating with baseboard and natural gas support daily comfort.
The first floor features a two-bedroom, two-bathroom apartment with a large living room and an open kitchen. The second floor provides a similar two-bedroom, two-bathroom layout, plus a private balcony. The third and fourth floors are a three-bedroom, four-bathroom duplex with expansive living spaces and a private balcony. A fully finished basement adds additional functional space.
Outside, a shared rooftop is accessed via a common hallway, and the property includes a gated private driveway offering off-street parking for up to three vehicles. Water source is public, and the roof is listed as rubber.
The first floor features a two-bedroom, two-bathroom apartment with a large living room and an open kitchen. The second floor provides a similar two-bedroom, two-bathroom layout, plus a private balcony. The third and fourth floors are a three-bedroom, four-bathroom duplex with expansive living spaces and a private balcony. A fully finished basement adds additional functional space.
Outside, a shared rooftop is accessed via a common hallway, and the property includes a gated private driveway offering off-street parking for up to three vehicles. Water source is public, and the roof is listed as rubber.
Key Highlights
- Approximately 4,960 square feet across a legal three‑family triplex layout
- Built in 2000; renovated and expanded in 2011
- Upward extension added approximately 1,200 square feet
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
$173,708
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
4.85%
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%
$3,474,160
$3.5M
Cap Rate 7%
$2,481,543
$2.5M
Cap Rate 9%
$1,930,089
$1.9M
Market Conditions
NOI Build-Up for 4,960 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
$253.0K $51.00/SF
− Vacancy
−$4.8K −$0.97/SF
EGI
$248.2K $50.03/SF
− OpEx
−$74.4K −$15.01/SF
NOI
$173.7K $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%
$3,474,160
Cap Rate 7%
$2,481,543
Cap Rate 9%
$1,930,089
Alternative Uses
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.90M
NOI $173,708 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,424 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$4.11M
$3.59M – $4.79M
NOI $287,482 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
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 - Legal three-family brick townhouse with gated off-street parking, shared rooftop access, and flexible multi-floor layouts.
Where is this triplex located?
The property is located at 360 S 3RD ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,580,000.
What are key features of this property?
This property features: Approximately 4,960 square feet across a legal three‑family triplex layout; Built in 2000; renovated and expanded in 2011; Upward extension added approximately 1,200 square feet
