Three-Family
For Sale
$2,895,000
578 Washington Avenue, Brooklyn, NY 11238
MULTI_FAMILY - Brooklyn, NY
Property Size3,960 SF
Lot Size0.05 Acres
Price / SF$731.06
Days on Market2476
Property Features for 578 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Prospect Heights
Standard status
Active
Size
3,960 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7287
Amenities
full cellar
large yard
Building Details
Floors in Building
3
Number of units
3
Flooring type
Ceramic, Hardwood, Carpet
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Bellmarc
(718) 768-4500
Listed By:
Gamal Hasan
(718) 768-4500
Added: Oct 27, 2019
Changed: Aug 3
Last Checked: Aug 6 at 3:06AM
MLS# 434309
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Investment Insights
Based on property information with market context.
This four-story three-family brownstone is located in Clinton Hill and features a lower duplex plus two additional 4-room rentals. The property includes a full cellar and a large yard, and is delivered vacant at closing. The building is constructed of brick with an asphalt roof.
Interiors include a mix of flooring types such as hardwood, ceramic, and carpet. The unit configuration is supported by multiple bathrooms listed for the property, along with interior features including a refrigerator and stove.
On-site layout includes residential space across the three units, with the full cellar providing additional lower-level utility for the building. The lot size is 0.0465 acres, and the property size is 3,960 square feet.
Interiors include a mix of flooring types such as hardwood, ceramic, and carpet. The unit configuration is supported by multiple bathrooms listed for the property, along with interior features including a refrigerator and stove.
On-site layout includes residential space across the three units, with the full cellar providing additional lower-level utility for the building. The lot size is 0.0465 acres, and the property size is 3,960 square feet.
Key Highlights
- Clinton Hill four‑story 3‑family brownstone with lower duplex plus two 4‑room rentals
- Delivered vacant at closing
- Full cellar and large yard
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 | $202.0k | $51.00 |
| − Vacancy | −$3.8k | −$0.97 |
| EGI | $198.1k | $50.03 |
| − OpEx | −$59.4k | −$15.01 |
| NOI | $138.7k | $35.02 |
3,960 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,686 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.01M
NOI $120,895 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,522 @ 7.0% cap · market cap 7.93%
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
6,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
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 - Four-story Clinton Hill brownstone with a full cellar, large yard, and 3 residential units delivered vacant at closing.
Where is this triplex located?
The property is located at 578 Washington Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Clinton Hill four‑story 3‑family brownstone with lower duplex plus two 4‑room rentals; Delivered vacant at closing; Full cellar and large yard
