Three-Family Residential
942 72nd St Brooklyn, NY 11228
New
942 72nd St, Brooklyn, NY, 11228
$2,888,000
For Sale
$2,888,000
Three separate apartments served by one gas boiler system, with private driveway parking for up to six vehicles.
Property Size3,400 SF
Lot Size0.18 Acres
Price / SF$849.41
Days on Market4
Property Features for 942 72nd St
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing agency
Keller Williams Realty Empire
(718) 954-8400
Listed by
Louis M. Guida
(718) 954-8400
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 3:19AM Checked: Jul 22 at 1:06PM
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
This three-family residential building is configured as a first-floor duplex with a semi-finished basement, a second-floor two-bedroom unit, and a top-floor one-bedroom apartment. The first-floor duplex includes four bedrooms, living room, dining room, eat-in kitchen, two bathrooms, a front yard, and a rear porch. The second-floor unit features two bedrooms, kitchen, dining room, bathroom, and a screened-in balcony. The top-floor unit offers one bedroom with a living room and dining room. One gas boiler and hot water heater serve the building.
Set on an approximately 8,000 sq ft lot zoned R4-1, the property includes a private driveway that can accommodate up to six vehicles, along with a detached double-car garage. WalkScore is 85 and transitScore is 73, with bikeScore of 59.
For development consideration, approved conceptual designs are available to construct three new two-family homes, each with a detached garage, for a maximum total buildable area of approximately 7,965 sq ft under current zoning.
Set on an approximately 8,000 sq ft lot zoned R4-1, the property includes a private driveway that can accommodate up to six vehicles, along with a detached double-car garage. WalkScore is 85 and transitScore is 73, with bikeScore of 59.
For development consideration, approved conceptual designs are available to construct three new two-family homes, each with a detached garage, for a maximum total buildable area of approximately 7,965 sq ft under current zoning.
Key Highlights
- Three‑family home built in 1901 on an 8,000 sq ft lot zoned R4‑1
- First‑floor duplex includes semi‑finished basement and approx. 4 bedrooms, 2 bathrooms, and approx. 1,700 sq ft
- Second‑floor 2‑bedroom apartment with approx. 900 sq ft and a screened‑in balcony
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.4k | $51.00 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $170.1k | $50.03 |
| − OpEx | −$51.0k | −$15.01 |
| NOI | $119.1k | $35.02 |
3,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.49M – $1.98M
NOI $119,074 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,798 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate apartments served by one gas boiler system, with private driveway parking for up to six vehicles.
Where is this triplex located?
The property is located at 942 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: Three‑family home built in 1901 on an 8,000 sq ft lot zoned R4‑1; First‑floor duplex includes semi‑finished basement and approx. 4 bedrooms, 2 bathrooms, and approx. 1,700 sq ft; Second‑floor 2‑bedroom apartment with approx. 900 sq ft and a screened‑in balcony
