Renovated Triplex
New
For Sale
$969,000
972 Dumont Ave, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size1,520 SF
Lot Size0.07 Acres
Price / SF$637.50
Days on Market4
Property Features for 972 Dumont Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 7, Bathroom 5, Bathroom 2, Bedroom 3
Interior features
Entrance Foyer
Subdivision
East New York
Standard status
Active
Size
1,520 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2739
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 3:06PM
MLS# 11960955
Copyright © 2026 My State MLS. 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 triplex property contains three residential units arranged across three floors. The first and second floors each provide a two-bedroom layout, while the third floor includes three bedrooms. Each residence has been renovated with contemporary finishes and includes hardwood flooring and an entrance foyer. The property is currently vacant as of September 2nd.
Built in 1930, the building measures 19 feet by 50 feet and sits on a 0.0654-acre lot. Its Brooklyn location places the property near transportation, shopping, and neighborhood amenities. The three-unit configuration supports leasing the residences individually or occupying one unit while using the others for residential income.
Built in 1930, the building measures 19 feet by 50 feet and sits on a 0.0654-acre lot. Its Brooklyn location places the property near transportation, shopping, and neighborhood amenities. The three-unit configuration supports leasing the residences individually or occupying one unit while using the others for residential income.
Key Highlights
- Three‑unit configuration with two 2‑bedroom residences and one 3‑bedroom residence
- Each unit has been renovated with modern finishes
- 19ft x 50ft building footprint
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
$39,019
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
4.03%
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%
$780,380
$780.4K
Cap Rate 7%
$557,414
$557.4K
Cap Rate 9%
$433,544
$433.5K
Market Conditions
NOI Build-Up for 1,520 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
$58.4K $38.40/SF
− Vacancy
−$2.6K −$1.73/SF
EGI
$55.7K $36.67/SF
− OpEx
−$16.7K −$11.00/SF
NOI
$39.0K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$780,380
Cap Rate 7%
$557,414
Cap Rate 9%
$433,544
Alternative Uses
Best Use
Multifamily LT 5
$557.4K
$487.7K – $650.3K
NOI $39,019 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$496.3K
$434.3K – $579.1K
NOI $34,743 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$930.1K
$813.8K – $1.09M
NOI $65,104 @ 7.0% cap · market cap 6.72%
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
2,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Three residential units offer two-bedroom and three-bedroom layouts in a recently updated building.
Where is this triplex located?
The property is located at 972 Dumont Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Three‑unit configuration with two 2‑bedroom residences and one 3‑bedroom residence; Each unit has been renovated with modern finishes; 19ft x 50ft building footprint
