Brick 3-Family
1140 Willoughby Avenue, Brooklyn, NY 11237
For Sale
$1,998,000
Residential Income, Bushwick East Williamsburg, NY
Property Size5,100 SF
Lot Size0.06 Acres
Price / SF$391.76
Days on Market103
Property Features for 1140 Willoughby Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Subdivision
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
fully finished basement
landscaped private backyard
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
PRIME AMERICA REAL ESTATE INC
(347) 725-3142
Listed By:
Gobinda Lama · License NY #10311207567
(718) 975-1107
Added: Jul 31
Changed: Sep 14
Last Checked: Nov 10 at 4:06AM
MLS# 11912885
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this brick triplex contains approximately 5,100 square feet on a 25' x 100' lot and carries R6 zoning. The 25' x 51' building contains three apartments, each arranged with 3 bedrooms, 2 full bathrooms, a large living room, and high ceilings in the basement. Across the property, the layout totals 15 rooms, 9 bedrooms, and 6 full bathrooms, with abundant natural light throughout.
The finished basement adds flexible interior area and opens directly to a landscaped private backyard. The property is near Maria Hernandez Park and surrounded by restaurants, cafes, art galleries, shopping, and public transportation in Bushwick East Williamsburg.
The finished basement adds flexible interior area and opens directly to a landscaped private backyard. The property is near Maria Hernandez Park and surrounded by restaurants, cafes, art galleries, shopping, and public transportation in Bushwick East Williamsburg.
Key Highlights
- Three‑apartment brick building constructed in 2005
- Approximately 5,100 sq. ft. of interior living space
- 25' x 100' lot with R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,611
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,572,220
$3.6M
Cap Rate 7%
$2,551,586
$2.6M
Cap Rate 9%
$1,984,567
$2.0M
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$260.1K $51.00/SF
− Vacancy
−$4.9K −$0.97/SF
EGI
$255.2K $50.03/SF
− OpEx
−$76.5K −$15.01/SF
NOI
$178.6K $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%
$3,572,220
Cap Rate 7%
$2,551,586
Cap Rate 9%
$1,984,567
Alternative Uses
Best Use
Multifamily LT 5
$2.55M
$2.23M – $2.98M
NOI $178,611 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$2.22M
$1.95M – $2.59M
NOI $155,698 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$4.22M
$3.69M – $4.93M
NOI $295,596 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,288
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Finished lower-level space connects directly to a landscaped private backyard.
Where is this triplex located?
The property is located at 1140 Willoughby Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Three‑apartment brick building constructed in 2005; Approximately 5,100 sq. ft. of interior living space; 25' x 100' lot with R6 zoning
