Brick 3-Family Income
For Sale
$1,950,000
1132 76th St, Brooklyn, NY 11228
Attached brick 3-family home with three separate units, private backyard access, separate utilities, and driveway parking.
Property Size2,968 SF
Days on Market51
Property Features for 1132 76th St
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,022
Building Details
Building Size
2,968 SF
Year Built
1955
Stories
3
Listing Agency:
RE/MAX Real Estate Professionals
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jul 8
Changed: Aug 25
Last Checked: Aug 26 at 10:54AM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
Solid, move-in condition attached brick 3-family home configured as one 1-bedroom unit on the 1st floor and two 2-bedroom units on the 2nd and 3rd floors. The 1st floor includes access to a private backyard, while each unit is supported by separate utilities, simplifying day-to-day management.
The property includes private driveway parking for up to three cars and an attached garage. Located in Dyker Heights with strong walk and transit scores, it offers convenient access to everyday necessities and public transportation.
Measured at 22 by 100 on a 22 by 100 lot, the building provides a straightforward multi-family setup for buyers seeking rental income in Brooklyn.
The property includes private driveway parking for up to three cars and an attached garage. Located in Dyker Heights with strong walk and transit scores, it offers convenient access to everyday necessities and public transportation.
Measured at 22 by 100 on a 22 by 100 lot, the building provides a straightforward multi-family setup for buyers seeking rental income in Brooklyn.
Key Highlights
- Attached brick 3‑family home built in 1955
- 3 units: 1FL has 1 bed/1 bath; 2FL and 3FL each have 2 beds/1 bath
- Separate utilities for each unit
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
$103,944
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
5.33%
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%
$2,078,880
$2.1M
Cap Rate 7%
$1,484,914
$1.5M
Cap Rate 9%
$1,154,933
$1.2M
Market Conditions
NOI Build-Up for 2,968 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
$151.4K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$148.5K $50.03/SF
− OpEx
−$44.5K −$15.01/SF
NOI
$103.9K $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%
$2,078,880
Cap Rate 7%
$1,484,914
Cap Rate 9%
$1,154,933
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,944 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,610 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$2.46M
$2.15M – $2.87M
NOI $172,025 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Attached brick 3-family home with three separate units, private backyard access, separate utilities, and driveway parking.
Where is this triplex located?
The property is located at 1132 76th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Attached brick 3‑family home built in 1955; 3 units: 1FL has 1 bed/1 bath; 2FL and 3FL each have 2 beds/1 bath; Separate utilities for each unit
