Custom-Built Triplex Residence with
For Sale
$3,900,000
1222 E 22nd Street, Brooklyn, NY 11210
SINGLE_FAMILY - Brooklyn, NY
Property Size5,796 SF
Lot Size0.08 Acres
Price / SF$672.88
Days on Market69
Property Features for 1222 E 22nd Street
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R2
Bedrooms
7
Bathrooms
7
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 5, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Midwood
Standard status
Active
Size
5,796 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
13278
Building Details
Year built
2001
Floors in Building
3
Flooring type
Tile, Carpet, Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Behfar Team, LLC
(347) 988-2526
Listed By:
Karen Behfar
(347) 988-2526
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 23 at 10:06PM
MLS# 502279
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.
1222 E 22nd Street is a custom-built triplex residence on a 0.0803-acre lot with 5,796 square feet of space. Built in 2001, the home features a stately entrance and a center hall with marble flooring, soaring 10-foot ceilings, and elegant architectural archways. The main level includes a formal living room, banquet-sized dining room, powder room, and a chef’s kitchen with stainless steel appliances, custom cabinetry, stone countertops, and a substantial center island. A sunken family room opens onto a private patio, supported by a seamless indoor-outdoor feel, and the home also offers a private driveway.
Interior highlights include a second level with four bedrooms, including a primary suite with vaulted ceilings, a private balcony, oversized walk-in closets, and a spa-inspired en-suite bathroom with a Jacuzzi tub and steam shower. The third floor offers three spacious bedrooms and an additional full bathroom. The fully finished lower level has 9-foot ceilings, with a recreation room, private office, two bathrooms, a secondary laundry area, and abundant storage. Central air conditioning and a central vacuum are included, along with premium upgrades throughout.
Interior highlights include a second level with four bedrooms, including a primary suite with vaulted ceilings, a private balcony, oversized walk-in closets, and a spa-inspired en-suite bathroom with a Jacuzzi tub and steam shower. The third floor offers three spacious bedrooms and an additional full bathroom. The fully finished lower level has 9-foot ceilings, with a recreation room, private office, two bathrooms, a secondary laundry area, and abundant storage. Central air conditioning and a central vacuum are included, along with premium upgrades throughout.
Key Highlights
- 0.0803‑acre lot and 5,796 SF custom‑built triplex residence
- Built in 2001 with shingle roof and central air conditioning
- Private patio accessed from a sunken family room
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
$202,986
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
5.20%
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%
$4,059,720
$4.1M
Cap Rate 7%
$2,899,800
$2.9M
Cap Rate 9%
$2,255,400
$2.3M
Market Conditions
NOI Build-Up for 5,796 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
$295.6K $51.00/SF
− Vacancy
−$5.6K −$0.97/SF
EGI
$290.0K $50.03/SF
− OpEx
−$87.0K −$15.01/SF
NOI
$203.0K $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%
$4,059,720
Cap Rate 7%
$2,899,800
Cap Rate 9%
$2,255,400
Alternative Uses
Best Use
Multifamily LT 5
$2.90M
$2.54M – $3.38M
NOI $202,986 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$2.53M
$2.21M – $2.95M
NOI $176,946 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$4.80M
$4.20M – $5.60M
NOI $335,936 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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 - Zoned R2 with a private patio, central air conditioning, and central vacuum in a custom-built residence.
Where is this triplex located?
The property is located at 1222 E 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 0.0803‑acre lot and 5,796 SF custom‑built triplex residence; Built in 2001 with shingle roof and central air conditioning; Private patio accessed from a sunken family room
