Three-Unit Brick Apartment
New
For Sale
$2,650,000
1304 Avenue V, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size3,486 SF
Lot Size0.06 Acres
Price / SF$760.18
Days on Market2
Property Features for 1304 Avenue V
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 8, Bedroom 2, Bathroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 7
Interior features
A/C Unit - Window, Dishwasher, Dryer, Fireplace, Laundry Area, Microwave, Refrigerator, Stove, Washer, Window Treatments
Fireplace
1
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
3,486 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11000
Amenities
hardwood and tile flooring
split-system air conditioning
private driveway
detached garage
rear patio
finished basement
laundry room
Building Details
Year built
1925
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
Century 21 MK Realty
(718) 627-7390
Listed By:
Melanie M. Kishk
(917) 288-4001
Added: Oct 5
Last Checked: Oct 6 at 2:06AM
MLS# 505083
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1925 brick triplex contains 3,486 square feet across three apartments. The first-floor residence has three bedrooms, two full bathrooms, a living room, dining area, and windowed kitchen, with direct entry to the finished basement. Basement features include a recreation room, full bathroom, laundry room, and storage. Two separate apartments occupy the second floor, each with two bedrooms, one full bathroom, a kitchen, and living space. Hardwood and tile flooring, a fireplace, and split-system air conditioning in select rooms are among the interior features.
The property sits on an approximately 26-by-100-foot lot and is zoned R4. Exterior features include a private driveway, detached garage, and rear patio.
The property sits on an approximately 26-by-100-foot lot and is zoned R4. Exterior features include a private driveway, detached garage, and rear patio.
Key Highlights
- Three apartments in a 3,486‑square‑foot brick building
- Approximately 26‑by‑100‑foot lot; R4 zoning
- Finished basement with recreation room, full bathroom, laundry room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,086
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,720
$2.4M
Cap Rate 7%
$1,744,086
$1.7M
Cap Rate 9%
$1,356,511
$1.4M
Market Conditions
NOI Build-Up for 3,486 SF
Gross rent
$177.8K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$174.4K $50.03/SF
− OpEx
−$52.3K −$15.01/SF
NOI
$122.1K $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%
$2,441,720
Cap Rate 7%
$1,744,086
Cap Rate 9%
$1,356,511
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.53M – $2.03M
NOI $122,086 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,424 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,049 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,185
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are complemented by a finished basement, private driveway, detached garage, and rear patio.
Where is this triplex located?
The property is located at 1304 Avenue V Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Three apartments in a 3,486‑square‑foot brick building; Approximately 26‑by‑100‑foot lot; R4 zoning; Finished basement with recreation room, full bathroom, laundry room, and storage
