Three-Family Triplex with Finished
New
For Sale
$1,600,000
1339 64th St, Brooklyn, NY 11219
Three-family configuration includes a renovated finished basement and newly installed heating system.
Property Size1,940 SF
Lot Size0.04 Acres
Days on Market2
Property Features for 1339 64th St
General Information
Standard status
Active
Size
1,940 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 2 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,716
Building Details
Building Size
1,940 SF
Year Built
1910
Buildings
1
Stories
2
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Source:
Elliman
Added: Sep 8
Last Checked: Sep 8 at 2:46PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This 1910-built triplex is arranged as a three-family residence with a 20' x 52' house on a 20' x 95' lot. The first floor contains a three-bedroom unit with ceilings exceeding 9 feet, while the second floor is divided into two one-bedroom units. A finished basement adds renovated interior space, and the property has a brand-new heating system.
The property is located at 1339 64th St in Brooklyn, NY 11219. Reported mobility scores include a 95 Walk Score, an 82 Transit Score, and a 56 Bike Score, reflecting access to walking, public transportation, and bike travel. Schools, parks, shopping, dining, and public transportation are identified in the surrounding area.
The property is located at 1339 64th St in Brooklyn, NY 11219. Reported mobility scores include a 95 Walk Score, an 82 Transit Score, and a 56 Bike Score, reflecting access to walking, public transportation, and bike travel. Schools, parks, shopping, dining, and public transportation are identified in the surrounding area.
Key Highlights
- Three‑family triplex built in 1910
- 20' x 52' house on a 20' x 95' lot
- First‑floor 3‑bedroom unit with ceilings over 9 feet
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
$56,026
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
3.50%
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%
$1,120,520
$1.1M
Cap Rate 7%
$800,371
$800.4K
Cap Rate 9%
$622,511
$622.5K
Market Conditions
NOI Build-Up for 1,940 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
$83.8K $43.20/SF
− Vacancy
−$3.8K −$1.94/SF
EGI
$80.0K $41.26/SF
− OpEx
−$24.0K −$12.38/SF
NOI
$56.0K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,120,520
Cap Rate 7%
$800,371
Cap Rate 9%
$622,511
Alternative Uses
Best Use
Multifamily LT 5
$800.4K
$700.3K – $933.8K
NOI $56,026 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$718.5K
$628.7K – $838.2K
NOI $50,292 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,036 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family configuration includes a renovated finished basement and newly installed heating system.
Where is this triplex located?
The property is located at 1339 64th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑family triplex built in 1910; 20' x 52' house on a 20' x 95' lot; First‑floor 3‑bedroom unit with ceilings over 9 feet
