Three-Unit
New
For Sale
$1,800,000
1022 Greene Ave, Brooklyn, NY 11221
Three apartments include a three-bedroom residence and two two-bedroom residences, with a basement and front and rear yards.
Property Size2,400 SF
Days on Market2
Property Features for 1022 Greene Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR, 2 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,108
Amenities
basement
front yard
backyard
Building Details
Building Size
2,400 SF
Year Built
1899
Units
3
Construction
brownstone
Listing Agency:
1st American One NYC LTD
Listed By:
Brigette Smith
(646) 489-7449
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1st American One NYC LTD
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Investment Insights
Based on property information with market context.
At 1022 Greene Ave in Brooklyn, this brownstone contains three residential apartments: one with three bedrooms and two with two bedrooms each. The three-bedroom unit has hardwood flooring, granite countertops, and new appliances. The building was constructed in 1899 and includes a full unfinished basement, along with both front and rear yards.
Neighborhood access scores are 90 for walking, 78 for biking, and 100 for transit. The property is in Bedford-Stuyvesant, Brooklyn.
Neighborhood access scores are 90 for walking, 78 for biking, and 100 for transit. The property is in Bedford-Stuyvesant, Brooklyn.
Key Highlights
- Three apartments: one three‑bedroom unit and two two‑bedroom units
- Three‑bedroom apartment features hardwood floors, granite countertops, and new appliances
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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 Rate 5%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,144
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include a three-bedroom residence and two two-bedroom residences, with a basement and front and rear yards.
Where is this triplex located?
The property is located at 1022 Greene Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three apartments: one three‑bedroom unit and two two‑bedroom units; Three‑bedroom apartment features hardwood floors, granite countertops, and new appliances; Full unfinished basement
