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 Market894
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: Sep 10
Last Checked: Sep 11 at 11:55AM
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
Investment Insights
Based on property information with market context.
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 = 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
$71,794
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
3.79%
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%
$1,435,880
$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
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
$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 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%
$1,435,880
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,620
Businesses Nearby
Explore this area
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
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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
