Three-Family Brick
For Sale
$1,350,000
1395 Sutter Ave, Brooklyn, NY 11208
MULTI_FAMILY - Brooklyn, NY
Property Size1,808 SF
Lot Size0.07 Acres
Price / SF$746.68
Days on Market46
Property Features for 1395 Sutter Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 3
Subdivision
East New York
Standard status
Active
Size
1,808 SF
Lot size
0.07 Acres
Amenities
gas baseboard heat
stainless appliances
in-unit washer/dryer
Building Details
Floors in Building
3
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #1020364
855-305-DEAL
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 22 at 10:06PM
MLS# 11874589
Copyright © 2026 My State MLS. 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 three-family brick residence was constructed in 2006 and is arranged across three stories. The unit configuration includes a first-floor one-bedroom apartment, two separate three-bedroom apartments above, and a finished walk-out basement with an additional bedroom and shared space. In total, the property provides 9 bedrooms and 4 baths. Interior features include gas baseboard heating, stainless appliances, and washer/dryer units within the apartments.
The building is tenant-occupied and may be delivered vacant, providing flexibility for an investor or an owner-occupant. It is located at 1395 Sutter Ave in Brooklyn’s East New York area, near schools, grocery stores, parks, and transit access. The property is identified in Kings County, NY 11208.
The building is tenant-occupied and may be delivered vacant, providing flexibility for an investor or an owner-occupant. It is located at 1395 Sutter Ave in Brooklyn’s East New York area, near schools, grocery stores, parks, and transit access. The property is identified in Kings County, NY 11208.
Key Highlights
- Three‑family brick building constructed in 2006
- Unit mix includes 1‑bedroom, 3‑bedroom, and 3‑bedroom apartments
- 9 bedrooms and 4 baths total
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
$46,412
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
3.44%
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%
$928,240
$928.2K
Cap Rate 7%
$663,029
$663.0K
Cap Rate 9%
$515,689
$515.7K
Market Conditions
NOI Build-Up for 1,808 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
$69.4K $38.40/SF
− Vacancy
−$3.1K −$1.73/SF
EGI
$66.3K $36.67/SF
− OpEx
−$19.9K −$11.00/SF
NOI
$46.4K $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 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%
$928,240
Cap Rate 7%
$663,029
Cap Rate 9%
$515,689
Alternative Uses
Best Use
Multifamily LT 5
$663.0K
$580.2K – $773.5K
NOI $46,412 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$590.4K
$516.6K – $688.8K
NOI $41,326 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.11M
$968.0K – $1.29M
NOI $77,439 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story residential income property with flexible occupancy and a finished basement for added living space.
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 $1,350,000.
What are key features of this property?
This property features: Three‑family brick building constructed in 2006; Unit mix includes 1‑bedroom, 3‑bedroom, and 3‑bedroom apartments; 9 bedrooms and 4 baths total
