Three-Unit Income-Ready
1250 E 57TH St Brooklyn, NY 11234
1250 E 57TH St, Brooklyn, NY, 11234
$1,350,000
For Sale
$1,350,000
Semi-attached three-level residence with two multi-bedroom units plus a one-bedroom level and private backyard.
Property Size3,800 SF
Price / SF$355.26
Days on Market15
Property Features for 1250 E 57TH St
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing agency
(347) 780-8893
Listed by
Elan (Benjamin) Urisoff
(347) 780-8893
Source
Elliman
Added: Jul 8 Updated: Jul 21 at 2:49PM Checked: Jul 21 at 2:49PM
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 Elan (Benjamin) Urisoff
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.
Local Financial Insights For Apartment 5plus
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 | $215.2k | $56.64 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $210.9k | $55.51 |
| − OpEx | −$94.9k | −$24.98 |
| NOI | $116.0k | $30.53 |
3,800 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MMC
Insurance Agency
Neiman Shulem
Insurance Agency
Rathan Allison MD. ...
Physician
Dr. Tatyana Ioffe, ...
Physician
OLGA MATSIBEKKER, MD ...
Medical Clinic
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FAQs
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.
