Three-Unit Multifamily
For Sale
Contact for pricing
1395 Sutter Ave, Brooklyn, NY 11208
Three-unit multifamily property offered for sale as a residential income building.
Property Size2,940 SF
Price / SF$455.78
Days on Market112
Property Features for 1395 Sutter Ave
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Mixed Use
Zoning
R5
Additional Details
Multifamily Units
3
Building Details
Year Built
2006
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
5 Boro Realty Corp
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Crexi
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 26 at 3:54PM
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 5 Boro Realty Corp
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Investment Insights
Based on property information with market context.
This for-sale multifamily property is configured as a three-unit building, providing a straightforward residential income setup. The offering is identified as a 3-unit multifamily property.
The property is located at 1395 Sutter Ave in Brooklyn, NY.
The published information confirms the unit count and multifamily residential income use; no additional building systems, layouts, or amenities are provided in the available details.
The property is located at 1395 Sutter Ave in Brooklyn, NY.
The published information confirms the unit count and multifamily residential income use; no additional building systems, layouts, or amenities are provided in the available details.
Key Highlights
- Three‑unit multifamily property
- Built in 2006
- Listed for sale as a residential income building (public remarks dated 05/11/2022)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,471
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,420
$1.5M
Cap Rate 7%
$1,078,157
$1.1M
Cap Rate 9%
$838,567
$838.6K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$112.9K $38.40/SF
− Vacancy
−$5.1K −$1.73/SF
EGI
$107.8K $36.67/SF
− OpEx
−$32.3K −$11.00/SF
NOI
$75.5K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,420
Cap Rate 7%
$1,078,157
Cap Rate 9%
$838,567
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.4K – $1.26M
NOI $75,471 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$960.0K
$840.0K – $1.12M
NOI $67,200 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,924 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
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-unit multifamily property offered for sale as a residential income building.
Where is this triplex located?
The property is located at 1395 Sutter Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Built in 2006; Listed for sale as a residential income building (public remarks dated 05/11/2022)
