Three-Unit Brooklyn Triplex with
For Sale
$1,769,000
124 32nd Street, Brooklyn, NY 11232
Three residential units offer varied bedroom layouts, including a second-floor apartment with a balcony.
Property Size2,598 SF
Price / SF$680.91
Days on Market9
Property Features for 124 32nd Street
General Information
Standard status
Active
Size
2,598 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,568
Amenities
balcony
full basement
private backyard
Full,Partially Finished,See Remarks
4
No
Yes
7
Storage
Full, Partially Finished, See Remarks
Public
On Street
2598
Building Details
Building Size
2,598 SF
Year Built
1926
Listing Agency:
eXp Realty
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,598-square-foot, three-unit residential property was built in 1926. The first-floor apartment has two bedrooms, one bathroom, and bonus space. A three-bedroom, two-bathroom unit occupies the second floor and includes a balcony; the third-floor apartment has two bedrooms and one bathroom. A full, partially finished basement provides storage, and the property also has a private backyard.
Parks, restaurants, shops, and transportation are among the nearby amenities in Greenwood Heights, Brooklyn.
Parks, restaurants, shops, and transportation are among the nearby amenities in Greenwood Heights, Brooklyn.
Key Highlights
- Three apartments: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- 2,598 square feet; built in 1926
- Second‑floor apartment features a balcony and bonus space on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,986
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,720
$1.8M
Cap Rate 7%
$1,299,800
$1.3M
Cap Rate 9%
$1,010,956
$1.0M
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$132.5K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$130.0K $50.03/SF
− OpEx
−$39.0K −$15.01/SF
NOI
$91.0K $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 Rate 5%
$1,819,720
Cap Rate 7%
$1,299,800
Cap Rate 9%
$1,010,956
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $90,986 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$1.13M
$991.4K – $1.32M
NOI $79,314 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,580 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
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 - Three residential units offer varied bedroom layouts, including a second-floor apartment with a balcony.
Where is this triplex located?
The property is located at 124 32nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,769,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; 2,598 square feet; built in 1926; Second‑floor apartment features a balcony and bonus space on the first floor
