Three-Family Townhouse with
For Sale
$1,895,000
Pending
147 Eckford Street, Brooklyn, NY 11222
Late-19th-century townhouse offering three floor-through apartments, a partial English basement, and a large backyard.
Property Size2,050 SF
Days on Market941
Property Features for 147 Eckford Street
General Information
Standard status
Pending
Size
2,050 SF
Property subtype
Multi Family
Building Details
Year Built
1885
Listing Agency:
Compass
Listed By:
Paul Murphy · License #30MU1104939
(718) 986-7509
Source:
Compass
Added: Apr 2, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:32AM
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 Compass
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Investment Insights
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Built in the late 19th century, this three-family townhouse includes three floor-through apartments along with a partial English basement and a large backyard. Historic interior details remain throughout, including an original staircase, six marble fireplace mantles, wide plank floors, and tin ceilings. The partial English basement includes a door and windows opening to the backyard, adding flexible space for a media room, rec room, office, or similar uses.
The building is presented as approximately 2,050 sf across three floors and is delivered vacant. It could also be expanded with up to approximately 2,168 additional square feet for a total building size of approximately 4,218 sf, with the partial English basement described as adding approximately 680 sf.
The property is configured as a high-income three-family, with the layout described as easily adaptable for use as a one- or two-family home. Nearby parks include McCarren Park, McGolrick Park, and Greenpoint’s waterfront parks, and public transit options are described as close by via the G train and L train.
The building is presented as approximately 2,050 sf across three floors and is delivered vacant. It could also be expanded with up to approximately 2,168 additional square feet for a total building size of approximately 4,218 sf, with the partial English basement described as adding approximately 680 sf.
The property is configured as a high-income three-family, with the layout described as easily adaptable for use as a one- or two-family home. Nearby parks include McCarren Park, McGolrick Park, and Greenpoint’s waterfront parks, and public transit options are described as close by via the G train and L train.
Key Highlights
- 3‑family townhouse built in 1885 with three floor‑through apartments and a partial English basement
- Approximately 2,050 sf as built across three floors, with potential expansion of up to 2,168 sf for 4,218 sf total building size
- Partial English basement adds about 680 sf with door and windows opening to the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,794
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,880
$1.4M
Cap Rate 7%
$1,025,629
$1.0M
Cap Rate 9%
$797,711
$797.7K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$104.6K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.6K $50.03/SF
− OpEx
−$30.8K −$15.01/SF
NOI
$71.8K $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 Rate 5%
$1,435,880
Cap Rate 7%
$1,025,629
Cap Rate 9%
$797,711
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.4K – $1.20M
NOI $71,794 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$894.1K
$782.3K – $1.04M
NOI $62,584 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
7,620
Businesses Nearby
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Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Late-19th-century townhouse offering three floor-through apartments, a partial English basement, and a large backyard.
Where is this triplex located?
The property is located at 147 Eckford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 3‑family townhouse built in 1885 with three floor‑through apartments and a partial English basement; Approximately 2,050 sf as built across three floors, with potential expansion of up to 2,168 sf for 4,218 sf total building size; Partial English basement adds about 680 sf with door and windows opening to the backyard
