Three-Family Corner Brick
For Sale
$1,750,000
Pending
4093 Bedford Ave, Brooklyn, NY 11229
Corner three-family brick building with three separate apartments and a detached two-car garage.
Property Size4,080 SF
Days on Market138
Property Features for 4093 Bedford Ave
General Information
Standard status
Pending
Size
4,080 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,307
Building Details
Building Size
4,080 SF
Year Built
1935
Stories
2
Construction
Brick
Tenancy
Multi
Listing Agency:
eXp Realty BKNY
Listed By:
Michael Geraci
(888) 276-0630
Source:
Elliman
Added: Apr 28
Changed: Sep 8
Last Checked: Sep 11 at 7:59AM
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 eXp Realty BKNY
Investment Insights
Based on property information with market context.
This three-family corner brick property offers three separate apartments within a single residential building. The top floor features a spacious three-bedroom unit. The middle floor includes an oversized one-bedroom apartment. The lower level offers a three-bedroom apartment with two bathrooms and a private entrance.
The property is located at 4093 Bedford Ave in Brooklyn, with close access to shopping and transportation. Public remarks note proximity to Avenue U for bus service to the B and Q trains, and nearby everyday amenities including restaurants and cafes.
A fully detached two-car garage is included with the property, supporting off-street parking. The building is described as spanning over 4,000 square feet and is presented as suitable for investment and/or owner occupancy while collecting rental income from the other units.
The property is located at 4093 Bedford Ave in Brooklyn, with close access to shopping and transportation. Public remarks note proximity to Avenue U for bus service to the B and Q trains, and nearby everyday amenities including restaurants and cafes.
A fully detached two-car garage is included with the property, supporting off-street parking. The building is described as spanning over 4,000 square feet and is presented as suitable for investment and/or owner occupancy while collecting rental income from the other units.
Key Highlights
- 3‑family corner brick property built in 1935 with three separate apartments
- Over 4,000 sq ft total with a 3‑bedroom top‑floor apartment
- Middle‑floor 1‑bedroom apartment with a huge living room and hardwood floors
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
$142,889
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
8.17%
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%
$2,857,780
$2.9M
Cap Rate 7%
$2,041,271
$2.0M
Cap Rate 9%
$1,587,656
$1.6M
Market Conditions
NOI Build-Up for 4,080 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
$208.1K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$204.1K $50.03/SF
− OpEx
−$61.2K −$15.01/SF
NOI
$142.9K $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%
$2,857,780
Cap Rate 7%
$2,041,271
Cap Rate 9%
$1,587,656
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.79M – $2.38M
NOI $142,889 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,558 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,477 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Corner three-family brick building with three separate apartments and a detached two-car garage.
Where is this triplex located?
The property is located at 4093 Bedford Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3‑family corner brick property built in 1935 with three separate apartments; Over 4,000 sq ft total with a 3‑bedroom top‑floor apartment; Middle‑floor 1‑bedroom apartment with a huge living room and hardwood floors
