Renovated Three-Family Residential
For Sale
$1,388,000
47 Bushwick Ave, Brentwood, NY 11717
Renovated legal three-family property with updated kitchens and baths and ample parking on a large outdoor lot.
Property Size3,243 SF
Days on Market88
Property Features for 47 Bushwick Ave
General Information
Standard status
Active
Size
3,243 SF
Property subtype
Other
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,071
Building Details
Building Size
3,243 SF
Year Built
1931
Units
2
Tenancy
Multi
Listing Agency:
Nest Seekers International
(516) 524-2722
Listed By:
Sima Levy
(516) 524-2722
Source:
Elliman
Added: Jun 3
Changed: Aug 15
Last Checked: Aug 26 at 12:08PM
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 Nest Seekers International
Investment Insights
Based on property information with market context.
This beautifully renovated legal three-family multifamily property is configured for flexible living and income. The building features multiple well-maintained units with generous bedroom layouts, updated kitchens and baths, and modern finishes throughout. The seller’s materials describe approximately $10,000 per month in rental income, supported by the property’s separate, spacious unit configuration. The expansive outdoor space and ample parking add day-to-day convenience, and the oversized lot also allows for potential future improvements or additional expansion.
The property is located at 47 Bushwick Ave in Brentwood, New York, with convenient access to shopping, transportation, schools, and major roadways. Walkability and bikeability are described as somewhat bikeable and car-dependent (BikeScore 43, WalkScore 44), which may be relevant for tenant and occupant planning.
The property is located at 47 Bushwick Ave in Brentwood, New York, with convenient access to shopping, transportation, schools, and major roadways. Walkability and bikeability are described as somewhat bikeable and car-dependent (BikeScore 43, WalkScore 44), which may be relevant for tenant and occupant planning.
Key Highlights
- Legal 3‑family multifamily property built in 1931
- Approximately $10,000 per month in rental income
- Renovated with updated kitchens and baths across the units
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
$62,623
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
4.51%
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%
$1,252,460
$1.3M
Cap Rate 7%
$894,614
$894.6K
Cap Rate 9%
$695,811
$695.8K
Market Conditions
NOI Build-Up for 3,243 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
$95.3K $29.40/SF
− Vacancy
−$5.9K −$1.81/SF
EGI
$89.5K $27.59/SF
− OpEx
−$26.8K −$8.28/SF
NOI
$62.6K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /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%
$1,252,460
Cap Rate 7%
$894,614
Cap Rate 9%
$695,811
Alternative Uses
Best Use
Multifamily LT 5
$894.6K
$782.8K – $1.04M
NOI $62,623 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$823.4K
$720.5K – $960.6K
NOI $57,636 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,158 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 11717, NY
62,193
Population
14,086
Households
4.4
Avg Household Size
34
Median Age
10.7 sq mi
ZIP Area
5,812
Density / Sq Mi
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 - Renovated legal three-family property with updated kitchens and baths and ample parking on a large outdoor lot.
Where is this triplex located?
The property is located at 47 Bushwick Ave Brentwood, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Legal 3‑family multifamily property built in 1931; Approximately $10,000 per month in rental income; Renovated with updated kitchens and baths across the units
