Brooklyn Three-Family Investment
863 Dumont Avenue, Brooklyn, NY 11207
- Added:
- May 13, 2026
- Days on Market:
- 19
- Last Refresh:
- May 31 at 9:06 am
Property Features for 863 Dumont Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Interior features
- Eat-in Kitchen, High Ceilings
- Basement
- Unfinished, Walk-Out Access
- Standard status
- Active
- APN
- 04060-0041
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2068
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 3
- Building materials
- Brick
Listing agent Morris Zarifpoor (646) 463-0717
Listing office Keystone Realty USA Corp 60 E Main St, E. Northport, NY (631) 261-2800
Listing date May 13, 2026
MLS# 1005804
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
- Strong existing cash flow of $9,600/month with upside to approximately $13,000/month in market rents.
- Legal detached brick 3‑family building, a desirable and stable investment.
- Gut renovation completed approximately 5 years ago.
- Oversized apartments (5‑bedroom and two 4‑bedroom) offer excellent functionality.
- Convenient location near amenities and public transportation.
- Separate utilities (2 electric meters, 3 gas meters) for ease of management.
Overview
Located in East New York, Brooklyn, this detached brick three-family building presents an investment opportunity. Configured as a spacious five-bedroom, one-bath apartment over two four-bedroom, one-bath apartments, the property also includes a full unfinished basement with both an interior entrance and separate rear access. The building underwent a gut renovation approximately five years ago and is reported to be in very good overall condition, needing only minor cosmetic updates. The property is fully occupied and generating approximately $9,600 per month in rental income, with projected market rents estimated around $13,000 per month. The building features separate utilities with two electric meters and three gas meters, one hot water tank, and one furnace. The oversized apartments provide functionality and tenant appeal in a high-demand rental market. The property is conveniently located near shopping, restaurants, schools, parks, public transportation, and major roadways. Easy access to subway lines, bus routes, and the Belt Parkway adds to the property's long-term investment appeal. The lot size is 0.0574 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.886639
- Latitude
- 40.66769
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Detached, renovated 3-family building with income and upside potential.
Where is this triplex located?
The property is located at 863 Dumont Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Strong existing cash flow of $9,600/month with upside to approximately $13,000/month in market rents.; Legal detached brick 3‑family building, a desirable and stable investment.; Gut renovation completed approximately 5 years ago.
