Detached Triplex on Corner
For Sale
$1,600,000
Withheld Road, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property Size2,881 SF
Lot Size0.11 Acres
Price / SF$555.36
Days on Market122
Property Features for Withheld Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 7, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 5, Bedroom 5, Bathroom 1
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, A/C Unit - Window, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
2,881 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
9312
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood, Laminate
Roof type
Shingle
Listing Agency:
Kingsview Realty Corp.
(718) 692-2010
Listed By:
Samuel Bernadeau
(718) 692-2010
Added: Apr 15
Changed: Aug 3
Last Checked: Aug 14 at 2:06AM
MLS# 500528
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 detached three-unit triplex is set on a 5,000-square-foot corner lot and includes three stories of residential potential, plus a full basement. Built in 1930 with a shingle roof, the home is currently configured as a spacious multi-family property.
The basement includes several guest rooms, a large living area, and a full bath, offering additional flexibility for day-to-day living or alternative layouts. The main interior features include A/C units (wall and window), a microwave, refrigerator, stove, and a porch. Flooring is a mix of laminate and hardwood.
Zoned R4, the property also includes a deeded detached garage in the survey of the home. The lot configuration and detached garage support practical off-street parking for tenants or residents. Located in Brooklyn, the home benefits from nearby transit via the (2) and (5) trains and bus routes.
The basement includes several guest rooms, a large living area, and a full bath, offering additional flexibility for day-to-day living or alternative layouts. The main interior features include A/C units (wall and window), a microwave, refrigerator, stove, and a porch. Flooring is a mix of laminate and hardwood.
Zoned R4, the property also includes a deeded detached garage in the survey of the home. The lot configuration and detached garage support practical off-street parking for tenants or residents. Located in Brooklyn, the home benefits from nearby transit via the (2) and (5) trains and bus routes.
Key Highlights
- 5,000‑square‑foot corner lot
- Detached three‑unit triplex on three stories
- Full basement with several guest rooms, large living area, and a full bath
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
$100,898
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
6.31%
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%
$2,017,960
$2.0M
Cap Rate 7%
$1,441,400
$1.4M
Cap Rate 9%
$1,121,089
$1.1M
Market Conditions
NOI Build-Up for 2,881 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
$146.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$144.1K $50.03/SF
− OpEx
−$43.2K −$15.01/SF
NOI
$100.9K $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%
$2,017,960
Cap Rate 7%
$1,441,400
Cap Rate 9%
$1,121,089
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,898 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,954 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.78M
NOI $166,983 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R4 zoned three-unit triplex with a detached garage and porch, built in 1930.
Where is this triplex located?
The property is located at Withheld Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,000‑square‑foot corner lot; Detached three‑unit triplex on three stories; Full basement with several guest rooms, large living area, and a full bath
