Gutted Single-Family Home
For Sale
$1,549,000
715 Avenue H, Brooklyn, NY 11230
SINGLE_FAMILY - Brooklyn, NY
Property Size2,227 SF
Lot Size0.06 Acres
Price / SF$695.55
Days on Market75
Property Features for 715 Avenue H
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 1
Basement
Full
Subdivision
East Flatbush
Standard status
Active
Size
2,227 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7943
Building Details
Year built
1925
Floors in Building
2
Architectural style
Other
Listing Agency:
Double Door Realty Inc
(917) 589-1991
Listed By:
Haiem Samouha
(917) 589-1991
Added: May 31
Changed: Aug 5
Last Checked: Aug 13 at 8:06PM
MLS# 501878
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 fully gutted single-family home has been taken to the studs and is ready for completion. The layout is designed for a spacious 6-bedroom residence, with the interior currently in a clean slate condition suitable for customization.
The property sits on a small lot and is zoned R5. It includes a private driveway and garage, offering off-street parking as the home is brought to completion.
With the existing structure already stripped back, buyers can move forward with their preferred build-out plan for a completed 6-bedroom single-family home.
The property sits on a small lot and is zoned R5. It includes a private driveway and garage, offering off-street parking as the home is brought to completion.
With the existing structure already stripped back, buyers can move forward with their preferred build-out plan for a completed 6-bedroom single-family home.
Key Highlights
- Fully gutted 6‑bedroom home ready for completion, with interior already gutted to the studs
- 6 total bedrooms and 3 bathrooms (2, 3, and 1 listed) for flexible living or rental layouts
- Year built: 1925
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
$67,988
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
4.39%
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%
$1,359,760
$1.4M
Cap Rate 7%
$971,257
$971.3K
Cap Rate 9%
$755,422
$755.4K
Market Conditions
NOI Build-Up for 2,227 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
$126.1K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$123.6K $55.51/SF
− OpEx
−$55.6K −$24.98/SF
NOI
$68.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,359,760
Cap Rate 7%
$971,257
Cap Rate 9%
$755,422
Alternative Uses
Best Use
Apartment 5plus
$971.3K
$849.9K – $1.13M
NOI $67,988 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,077 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Fully gutted 6-bedroom home with private driveway and garage, ready for completion in an R5 zone.
Where is this single family property located?
The property is located at 715 Avenue H Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Fully gutted 6‑bedroom home ready for completion, with interior already gutted to the studs; 6 total bedrooms and 3 bathrooms (2, 3, and 1 listed) for flexible living or rental layouts; Year built: 1925
