Three-Unit Victorian-Style
For Sale
$1,625,000
627 E 32nd Street, Brooklyn, NY 11210
Residential, Brooklyn, NY
Property Size3,065 SF
Lot Size0.09 Acres
Price / SF$530.18
Days on Market209
Property Features for 627 E 32nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
3,065 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7076
Amenities
fully finished basement
fully fenced property
backyard
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Listing Agency:
Citadel Circle Realty
(718) 717-8251
Listed By:
Deborah Bourne
(718) 690-5449
Added: Feb 9
Changed: Sep 5
Last Checked: Sep 6 at 9:06PM
MLS# 498895
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 three-family Victorian-style residence contains a 2BR/3BR/2BR unit mix across 3,065 square feet of property size. The home includes a fully finished basement, hardwood and tile flooring, a refrigerator, and a stove. Built in 1920 with wood-frame construction, the property occupies a 0.0941-acre lot and is enclosed by fencing.
Parking includes a private driveway accommodating up to 4 cars along with a detached 2-car garage. The R6 zoning designation is supported by the property, and the location is near transportation, Flatbush Junction, and the Brooklyn College campus. The property is in Brooklyn's Flatbush/Midwood area.
Parking includes a private driveway accommodating up to 4 cars along with a detached 2-car garage. The R6 zoning designation is supported by the property, and the location is near transportation, Flatbush Junction, and the Brooklyn College campus. The property is in Brooklyn's Flatbush/Midwood area.
Key Highlights
- Three‑family 2BR/3BR/2BR configuration
- 3,065 square feet on a 0.0941‑acre lot
- Fully finished basement and fenced property
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
$107,342
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
6.61%
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%
$2,146,840
$2.1M
Cap Rate 7%
$1,533,457
$1.5M
Cap Rate 9%
$1,192,689
$1.2M
Market Conditions
NOI Build-Up for 3,065 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
$156.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$153.3K $50.03/SF
− OpEx
−$46.0K −$15.01/SF
NOI
$107.3K $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%
$2,146,840
Cap Rate 7%
$1,533,457
Cap Rate 9%
$1,192,689
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,342 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,571 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,647 @ 7.0% cap · market cap 10.93%
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
3,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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 - R6-zoned triplex with finished basement, private driveway, detached garage, and fenced outdoor space.
Where is this triplex located?
The property is located at 627 E 32nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Three‑family 2BR/3BR/2BR configuration; 3,065 square feet on a 0.0941‑acre lot; Fully finished basement and fenced property
