Gutted Six-Bedroom
For Sale
$1,549,000
715 Avenue H, Brooklyn, NY 11230
Residential, Triplex, Brooklyn, NY
Property Size2,227 SF
Lot Size0.06 Acres
Price / SF$695.55
Days on Market124
Property Features for 715 Avenue H
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 4
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
Listed By:
Haiem Samouha · License #HS0145
(917) 589-1991
Added: May 31
Changed: Sep 17
Last Checked: Oct 1 at 2:06PM
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 2,227-square-foot triplex occupies a 0.0556-acre lot and contains six bedrooms and three bathrooms. The interior has been cleared back to the structural framing, leaving the property in a condition that requires completion. A dedicated driveway and garage provide on-site vehicle accommodation.
Built in 1925, the property is located at 715 Avenue H in Brooklyn, New York. R5 zoning applies to the site. The existing room configuration includes six bedrooms and three bathrooms, offering a defined residential layout for the next phase of work.
Built in 1925, the property is located at 715 Avenue H in Brooklyn, New York. R5 zoning applies to the site. The existing room configuration includes six bedrooms and three bathrooms, offering a defined residential layout for the next phase of work.
Key Highlights
- Triplex with 2,227 square feet of property area
- Six bedrooms and three bathrooms
- Interior cleared to the studs for completion
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
$77,993
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
5.04%
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%
$1,559,860
$1.6M
Cap Rate 7%
$1,114,186
$1.1M
Cap Rate 9%
$866,589
$866.6K
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
$113.6K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.4K $50.03/SF
− OpEx
−$33.4K −$15.01/SF
NOI
$78.0K $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%
$1,559,860
Cap Rate 7%
$1,114,186
Cap Rate 9%
$866,589
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.9K – $1.30M
NOI $77,993 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$971.3K
$849.9K – $1.13M
NOI $67,988 @ 7.0% cap · market cap 4.39%
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
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Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Interior has been stripped to the studs, with a dedicated driveway and garage.
Where is this triplex 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: Triplex with 2,227 square feet of property area; Six bedrooms and three bathrooms; Interior cleared to the studs for completion
