Three-Unit Brick
For Sale
$2,299,000
1859 80th Street, Brooklyn, NY 11214
Three residences have separate boilers, and occupants pay their own utilities.
Property Size3,509 SF
Price / SF$655.17
Days on Market2352
Property Features for 1859 80th Street
General Information
Standard status
Active
Size
3,509 SF
Property subtype
Multi Family Home
Zoning
R5
Units
Unit Mix
2 x Three bedroom, 1 x Two bedroom
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Building Size
3,509 SF
Year Built
1970
Stories
2
Construction
Solid Brick
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Talktownre
Added: May 22, 2020
Changed: Oct 25
Last Checked: Oct 26 at 3:55AM
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 Re/Max Real Estate Professiona
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Investment Insights
Based on property information with market context.
This 1970 brick multifamily property contains three legal residences: two three-bedroom units and one two-bedroom unit. The building measures 3,509 square feet, with a 22-by-55-foot structure on a 30-by-100-foot lot. Each residence has its own boiler, and tenants pay their own utilities. R5 zoning applies.
The property is on 80th Street in Brooklyn, a short distance from the 18th Avenue and 86th Street thoroughfare. A double private driveway serves the building.
The property is on 80th Street in Brooklyn, a short distance from the 18th Avenue and 86th Street thoroughfare. A double private driveway serves the building.
Key Highlights
- Legal three‑family building with two three‑bedroom units and one two‑bedroom unit
- 3,509‑square‑foot building on a 30‑by‑100‑foot lot
- 22‑by‑55‑foot building dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,707
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,140
$1.9M
Cap Rate 7%
$1,367,243
$1.4M
Cap Rate 9%
$1,063,411
$1.1M
Market Conditions
NOI Build-Up for 3,509 SF
Gross rent
$143.2K $40.80/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$136.7K $38.96/SF
− OpEx
−$41.0K −$11.69/SF
NOI
$95.7K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,914,140
Cap Rate 7%
$1,367,243
Cap Rate 9%
$1,063,411
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,707 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,775 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,288 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,066
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residences have separate boilers, and occupants pay their own utilities.
Where is this triplex located?
The property is located at 1859 80th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Legal three‑family building with two three‑bedroom units and one two‑bedroom unit; 3,509‑square‑foot building on a 30‑by‑100‑foot lot; 22‑by‑55‑foot building dimensions
