Multifamily Property in Mint
For Sale
$1,768,888
Pending
1772 68th Street, Brooklyn, NY 11204
Multifamily property featuring three units, finished basement, and garage.
Property Size2,128 SF
Lot Size0.06 Acres
Days on Market483
Property Features for 1772 68th Street
General Information
Standard status
Pending
Size
2,128 SF
Lot size
0.06 Acres
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$9,168
Amenities
No
Walk-Out Access, Finished, Full, Yes
Hardwood
1st Floor Bedrm, Eat in Kitchen, Entrance Foyer, Formal Dining, Garage(s), Granite Counters, Hardwood Floors As Seen, Patio, Public, Smoke Detector(s)
First Floor Bedroom, Eat-in Kitchen, Entrance Foyer, Formal Dining, Granite Counters
Smoke Detector(s)
Walk Out Basement, Hardwood Floors As Seen, 1st Fl Master Bedroom, Eat in Kitchen, Entry Foyer, Foyer, Formal Dining Room, Granit Countertops, Patio
Garage(s)
Brick
Patio
Patio, Detached, Private, Front Yard, Near Public Transit, Near School, Near Shops
Building Details
Year Built
1925
Listing Agency:
Century 21 Amiable Rlty Grp II
Listed By:
Maria Trinceri · License #10301202333
(718) 835-4700
Source:
Compass
Added: May 15, 2025
Changed: Sep 8
Last Checked: Sep 8 at 6:12AM
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 Century 21 Amiable Rlty Grp II
Investment Insights
Based on property information with market context.
This multifamily property features three distinct living spaces, suitable for homeowners and investors. Two units are one-bedroom apartments, while the third is a three-bedroom apartment. A full and finished basement provides additional space. The property also includes a one-car garage. The property sits on a 26.7x100 lot.
Key Highlights
- Three distinct living spaces offer versatility for homeowners or investors, featuring two 1‑bedroom and one 3‑bedroom apartment.
- Full and finished basement provides additional usable space.
- Includes a one‑car garage.
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
$64,966
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
3.67%
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%
$1,299,320
$1.3M
Cap Rate 7%
$928,086
$928.1K
Cap Rate 9%
$721,844
$721.8K
Market Conditions
NOI Build-Up for 2,128 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
$120.5K $56.64/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$118.1K $55.51/SF
− OpEx
−$53.2K −$24.98/SF
NOI
$65.0K $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 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%
$1,299,320
Cap Rate 7%
$928,086
Cap Rate 9%
$721,844
Alternative Uses
Best Use
Apartment 5plus
$928.1K
$812.1K – $1.08M
NOI $64,966 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,339 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property featuring three units, finished basement, and garage.
Where is this multifamily property located?
The property is located at 1772 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,768,888.
What are key features of this property?
This property features: Three distinct living spaces offer versatility for homeowners or investors, featuring two 1‑bedroom and one 3‑bedroom apartment.; Full and finished basement provides additional usable space.; Includes a one‑car garage.
