Lefferts Gardens Three-Family Brick
400 Lefferts Ave, Brooklyn, NY 11225
Three-family brick home in prime Lefferts Gardens location.
Type:Multi Family
Property size:
3,000 SFLot size:
0.05 AcresPrice / SF:
$616/SF- Added:
- Apr 28, 2026
- Days on Market:
- 30
- Last Refresh:
- Apr 28 at 7:26 pm
Property Features for 400 Lefferts Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office REMAX EDGE (718) 612-3088
Listing date Apr 28, 2026
Source Elliman
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 REMAX EDGE
HighLights
- Prime Lefferts Gardens location near Prospect Park and the 2/5 subway lines.
- Three‑family brick home with potential for high rental income or multi‑generational living.
- Spacious layout (approx. 20x50 ft per floor) with flexible layouts easily convertible to 3‑4 bedrooms per apartment.
- High walk, bike, and transit scores (98, 95, and 100 respectively).
- Buildable potential due to R6 zoning (FAR 2.43 / 4.8).
- Full basement and large lot (20x110 ft).
Overview
This three-story, three-family brick home is located in Lefferts Gardens. The building has a spacious layout of approximately 20x50 feet per floor and sits on a 20x110 foot lot. The property is zoned R6, offering buildable potential with a FAR of 2.43 or 4.8. Each apartment features two bedrooms, large windows, and high ceilings, with layouts that can be converted to three or four bedrooms. The property is conveniently located near Prospect Park and the 2/5 subway lines, as well as restaurants, cafes, and shopping. The location is considered a biker's paradise with a bike score of 95, a walker's paradise with a walk score of 98, and a rider's paradise with a transit score of 100. The property is suitable for investors or end-users.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.94816
- Latitude
- 40.662228
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family brick home in prime Lefferts Gardens location.
Where is this triplex located?
The property is located at 400 Lefferts Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime Lefferts Gardens location near Prospect Park and the 2/5 subway lines.; Three‑family brick home with potential for high rental income or multi‑generational living.; Spacious layout (approx. 20x50 ft per floor) with flexible layouts easily convertible to 3‑4 bedrooms per apartment.
