Three-Family Home with Modern
For Sale
$990,000
Pending
67 Chester Street 3, Brooklyn, NY 11212
Brooklyn three-family home featuring modern amenities and ample living space.
Property Size2,800 SF
Days on Market733
Property Features for 67 Chester Street 3
General Information
Standard status
Pending
Size
2,800 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,700
Building Details
Year Built
2007
Listing Agency:
RE/MAX Edge
Listed By:
Jesus Magana · License #10401290345
(718) 612-3088
Source:
Exitrealty
Added: Oct 17, 2024
Changed: Oct 1
Last Checked: Oct 5 at 5:56PM
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 RE/MAX Edge
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family home, constructed with brick and stucco, contains a total of 9 bedrooms and 4 bathrooms. Interior features include hardwood floors and open-concept layouts integrating the kitchen and living areas. The property also includes a fully finished basement and a backyard. On-site parking is available for one vehicle.
Key Highlights
- Nine bedrooms and four bathrooms offer ample space.
- Three‑family home provides investment or multi‑generational living opportunities.
- Fully finished basement adds significant living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,481
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,620
$1.7M
Cap Rate 7%
$1,221,157
$1.2M
Cap Rate 9%
$949,789
$949.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$158.6K $56.64/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$155.4K $55.51/SF
− OpEx
−$69.9K −$24.98/SF
NOI
$85.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,620
Cap Rate 7%
$1,221,157
Cap Rate 9%
$949,789
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.63M
NOI $98,061 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,481 @ 7.0% cap · market cap 8.63%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brooklyn three-family home featuring modern amenities and ample living space.
Where is this triplex located?
The property is located at 67 Chester Street 3 Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Nine bedrooms and four bathrooms offer ample space.; Three‑family home provides investment or multi‑generational living opportunities.; Fully finished basement adds significant living space.
