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    Legal Three-Family Brick Townhouse Title is generated by Realmo AI

    360 S 3rd Street, Brooklyn, NY 11211

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    Claim this Listing
    For Sale
    $4,500,000

    MULTI_FAMILY - Brooklyn, NY

    Lot size:
    0.04 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    68
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 360 S 3rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    8
    Rooms
    Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 8, Bedroom 3, Bathroom 6, Bathroom 7, Bedroom 1, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 3, Basement, Bedroom 4
    Parking
    3
    Parking features
    Driveway, Carport, Alley, Oversize
    Spa
    1
    Interior features
    Kitchen Island, Natural Woodwork, Open Floorplan, Open Kitchen
    Basement
    Full, Finished
    Standard status
    Active
    APN
    02437-0020
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8932

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2000
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Peter Nowik

    Listing agent Peter Nowik

    Listing office Trademarko Realty Inc 6832 Forest Ave, Ridgewood, NY

    Listing date Mar 30, 2026

    MLS# 978567 Listing URL

    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.

    HighLights

    • Legal three‑family brick townhouse built in 2000; renovated and expanded in 2011; includes ~1,200 sq ft upward extension and spans 4,960 sq ft
    • Gated private driveway with off‑street parking for up to 3 vehicles, plus a carport
    • Shared rooftop accessed via a common hallway, with multiple private balconies on select floors
    • Two‑bedroom, two‑bath units on the first and second floors, each with a huge living room and open kitchen
    • Third & fourth floor duplex offers a 3‑bedroom, 4‑bath layout with expansive living space and a private balcony
    • Finished basement plus hardwood flooring and kitchen island; heating includes natural gas and hot water

    Overview

    An updated, legal three-family brick townhouse built in 2000 and thoughtfully renovated and expanded in 2011. The property has a flexible, modern layout with three distinct residential units, including two two-bedroom, two-bath apartments on the first and second floors, each with a large living room and open kitchen. The third and fourth floors offer a duplex configuration with three bedrooms, four bathrooms, and expansive living space, plus a private balcony. Additional outdoor and utility features include a shared rooftop accessed via a common hallway, private balconies, and a fully finished basement that can support storage and other accessory uses. A roof-to-ceiling expansion added approximately 1,200 square feet for added room and long-term versatility.

    Set in Williamsburg within Brooklyn, the home is described as being about three blocks from the Hewes Street M/J trains and approximately three blocks from the Williamsburg Bridge, with the Lorimer Street L train about seven blocks away. The surrounding area is characterized by new construction and historic pre-war buildings.

    This property is well suited to buyers looking for an owner-occupant setup with income potential, or investors seeking a modern, legal three-family building with strong layout variety across units. The gated private driveway for up to three vehicles adds a practical differentiator for day-to-day use in the neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taniatorreshypnosis.com Alternative Medicine Practice

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.953154
    Latitude
    40.708861

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    FAQs

    What type of property is this?
    Triplex - Renovated and expanded three-family brick home with multiple balconies, shared rooftop access, and gated off-street parking.
    Where is this triplex located?
    The property is located at 360 S 3rd Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Legal three‑family brick townhouse built in 2000; renovated and expanded in 2011; includes ~1,200 sq ft upward extension and spans 4,960 sq ft; Gated private driveway with off‑street parking for up to 3 vehicles, plus a carport; Shared rooftop accessed via a common hallway, with multiple private balconies on select floors
    (347) 927-6829
    We can help!
    Listing Contact
    Peter Nowik
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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