Three-Family Triplex with
For Sale
$2,150,000
1149 70th St, Brooklyn, NY 11228
Semi-detached residential property with three apartments, a private driveway, and convenient access to shopping, schools, parks, and transit.
Property Size3,300 SF
Days on Market184
Property Features for 1149 70th St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,000
Building Details
Building Size
3,300 SF
Buildings
1
Stories
3
Listing Agency:
Ashford Homes LLC
Listed By:
Jian An (Jay) Wang · License #10401274788
(929) 364-1301
Source:
Elliman
Added: Apr 28
Changed: Oct 25
Last Checked: Oct 26 at 4:46PM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
This semi-detached three-family residence at 1149 70th Street is arranged across three apartments. The first-floor unit contains two bedrooms and one bathroom, while the second- and third-floor apartments each offer three bedrooms and one bathroom. A private driveway and garage provide off-street parking and storage.
The property is near shopping along 18th Avenue, local restaurants, schools, parks, and transportation options. Walk Score is 96, Transit Score is 81, and Bike Score is 54, placing everyday services and multiple mobility choices within convenient reach. The three-level configuration provides a clear separation of residential units within one building.
The property is near shopping along 18th Avenue, local restaurants, schools, parks, and transportation options. Walk Score is 96, Transit Score is 81, and Bike Score is 54, placing everyday services and multiple mobility choices within convenient reach. The three-level configuration provides a clear separation of residential units within one building.
Key Highlights
- Three‑family property with three separate apartments
- Unit mix includes one two‑bedroom apartment and two three‑bedroom apartments
- Each apartment has one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 8.90%
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
3,829
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Semi-detached residential property with three apartments, a private driveway, and convenient access to shopping, schools, parks, and transit.
Where is this triplex located?
The property is located at 1149 70th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Three‑family property with three separate apartments; Unit mix includes one two‑bedroom apartment and two three‑bedroom apartments; Each apartment has one bathroom
