Three-Unit Brick
For Sale
$1,999,999
88 Aberdeen Street, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size2,940 SF
Lot Size0.04 Acres
Price / SF$680.27
Days on Market112
Property Features for 88 Aberdeen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
5
Full bathrooms
3
Rooms
Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Patio and Porch features
Patio
Interior features
Dishwasher, Dryer, Patio Garden, Terrace, Washer
Subdivision
Bushwick
Standard status
Active
Size
2,940 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7719
Amenities
washer/dryer in each unit
private yard
community garden
Building Details
Year built
2004
Floors in Building
3
Number of units
1
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Reliance Realty One LLC
(646) 881-6225
Listed By:
Richard E. Dun
(646) 881-6225
Added: May 11
Changed: Aug 28
Last Checked: Aug 30 at 10:06AM
MLS# 501127
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.
Located at 88 Aberdeen Street in Brooklyn, this three-unit brick property contains 2,940 square feet and was built in 2004. The layout includes two 3-bedroom, 2-bath apartments and one 2-bedroom, 1-bath apartment. Each residence has its own washer and dryer, while hardwood and tile flooring, a flat roof, and a first-floor patio add to the physical profile.
The 0.0415-acre property includes private yard access for the first-floor residence, along with access to a community garden across the street. It is zoned R6 and situated just minutes from the L train. The configuration supports an owner-occupant arrangement with additional residential units on the property.
The 0.0415-acre property includes private yard access for the first-floor residence, along with access to a community garden across the street. It is zoned R6 and situated just minutes from the L train. The configuration supports an owner-occupant arrangement with additional residential units on the property.
Key Highlights
- Three‑unit brick property with 2,940 square feet
- Two 3‑bedroom, 2‑bath apartments plus one 2‑bedroom, 1‑bath apartment
- Each apartment includes its own washer and dryer
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
$102,964
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
5.15%
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%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 2,940 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
$149.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$147.1K $50.03/SF
− OpEx
−$44.1K −$15.01/SF
NOI
$103.0K $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%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,755 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 8.52%
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
2,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R6-zoned property with in-unit laundry and private outdoor access for the first-floor apartment.
Where is this triplex located?
The property is located at 88 Aberdeen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three‑unit brick property with 2,940 square feet; Two 3‑bedroom, 2‑bath apartments plus one 2‑bedroom, 1‑bath apartment; Each apartment includes its own washer and dryer
