Brick Triplex With Private
For Sale
$1,199,000
1250 E 69th St, Brooklyn, NY 11234
Semi-detached configuration offers flexible living arrangements, finished lower-level space, and a substantial rear yard.
Property Size3,562 SF
Lot Size0.10 Acres
Days on Market27
Property Features for 1250 E 69th St
General Information
Standard status
Active
Size
3,562 SF
Total Parking Spaces
3
Lot size
0.10 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$12,287
Amenities
backyard oasis
finished basement
Building Details
Building Size
3,562 SF
Year Built
1065
Stories
3
Construction
all-brick
Listing Agency:
Bergen Basin Realty
Listed By:
Irene Sender
(718) 763-4110
Source:
Elliman
Added: Aug 12
Changed: Sep 2
Last Checked: Sep 7 at 9:41AM
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 Bergen Basin Realty
Investment Insights
Based on property information with market context.
This all-brick, semi-detached triplex in Brooklyn’s Georgetown area occupies an oversized 30-by-150-foot lot. The property combines a 6½-over-6½ configuration with a separate two-bedroom apartment, providing multiple residential layouts within one building. The primary apartments each include three bedrooms, a living room, formal dining room, and one-and-a-half baths.
A fully finished basement adds recreational or supplementary space, while the backyard provides outdoor area for residents. Private parking accommodates up to three cars. The property is positioned at 1250 E 69th St, Brooklyn, NY 11234, with a Walk Score of 84, Transit Score of 80, and Bike Score of 66.
A fully finished basement adds recreational or supplementary space, while the backyard provides outdoor area for residents. Private parking accommodates up to three cars. The property is positioned at 1250 E 69th St, Brooklyn, NY 11234, with a Walk Score of 84, Transit Score of 80, and Bike Score of 66.
Key Highlights
- All‑brick, semi‑detached triplex on a 30x150 lot
- 6½ over 6½ layout plus separate 2‑bedroom apartment
- Each primary apartment has 3 bedrooms, formal dining room, and 1½ baths
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
$108,744
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
9.07%
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%
$2,174,880
$2.2M
Cap Rate 7%
$1,553,486
$1.6M
Cap Rate 9%
$1,208,267
$1.2M
Market Conditions
NOI Build-Up for 3,562 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
$201.8K $56.64/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$197.7K $55.51/SF
− OpEx
−$89.0K −$24.98/SF
NOI
$108.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$2,174,880
Cap Rate 7%
$1,553,486
Cap Rate 9%
$1,208,267
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,747 @ 7.0% cap · market cap 10.40%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,744 @ 7.0% cap · market cap 9.07%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,454 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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 - Semi-detached configuration offers flexible living arrangements, finished lower-level space, and a substantial rear yard.
Where is this triplex located?
The property is located at 1250 E 69th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: All‑brick, semi‑detached triplex on a 30x150 lot; 6½ over 6½ layout plus separate 2‑bedroom apartment; Each primary apartment has 3 bedrooms, formal dining room, and 1½ baths
