Three-Unit Income-Ready
For Sale
$1,350,000
1250 E 57TH St, Brooklyn, NY 11234
Semi-attached three-level residence with two multi-bedroom units plus a one-bedroom level and private backyard.
Property Size1,145 SF
Price / SF$355.26
Days on Market60
Property Features for 1250 E 57TH St
General Information
Standard status
Active
Size
1,145 SF
Total Parking Spaces
3
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,800
Building Details
Building Size
1,145 SF
Year Built
1970
Stories
3
Units
3
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Elan (Benjamin) Urisoff · License #10401355454
(347) 780-8893
Source:
Elliman
Added: Jul 8
Changed: Sep 4
Last Checked: Sep 4 at 2:28PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Offered for sale is a well-maintained, semi-attached residence configured across three levels for flexible living and rental possibilities. The first floor features a one-bedroom, one-bath layout with direct access to a private backyard. The second floor offers a substantial three-bedroom, one-and-a-half-bath home with a den, expansive living and dining areas, and interior access to a finished basement. The third floor provides an additional three-bedroom, one-and-a-half-bath residence. Throughout the property, the home is described as having oversized rooms, abundant natural light, and hardwood flooring, with a finished lower level that can serve as recreation or storage.
The property is located on a quiet, tree-lined block in Flatlands, with proximity to shopping, restaurants, parks, schools, houses of worship, and public transportation. Bike and walk scores are provided in the remarks, along with an excellent transit score.
Parking is supported by a private garage and a two-car driveway for up to three vehicles, and the exterior includes a full private backyard.
The property is located on a quiet, tree-lined block in Flatlands, with proximity to shopping, restaurants, parks, schools, houses of worship, and public transportation. Bike and walk scores are provided in the remarks, along with an excellent transit score.
Parking is supported by a private garage and a two-car driveway for up to three vehicles, and the exterior includes a full private backyard.
Key Highlights
- Approximately 3,800 SF interior living space in a semi‑attached home on a 29' x 100' lot (built 1970).
- Three‑level layout with two multi‑bedroom apartments plus a one‑bedroom level for flexible living or income potential.
- First floor: one bedroom, one bathroom with generous living space and direct access to the private backyard.
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
$116,010
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
8.59%
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%
$2,320,200
$2.3M
Cap Rate 7%
$1,657,286
$1.7M
Cap Rate 9%
$1,289,000
$1.3M
Market Conditions
NOI Build-Up for 3,800 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
$215.2K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$210.9K $55.51/SF
− OpEx
−$94.9K −$24.98/SF
NOI
$116.0K $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%
$2,320,200
Cap Rate 7%
$1,657,286
Cap Rate 9%
$1,289,000
Alternative Uses
Best Use
Multifamily LT 5
$1.90M
$1.66M – $2.22M
NOI $133,082 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $116,010 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Semi-attached three-level residence with two multi-bedroom units plus a one-bedroom level and private backyard.
Where is this triplex located?
The property is located at 1250 E 57TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 3,800 SF interior living space in a semi‑attached home on a 29' x 100' lot (built 1970).; Three‑level layout with two multi‑bedroom apartments plus a one‑bedroom level for flexible living or income potential.; First floor: one bedroom, one bathroom with generous living space and direct access to the private backyard.
