Three-Unit Brick
For Sale
$1,350,000
1397 Sutter Ave, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size3,822 SF
Lot Size0.04 Acres
Price / SF$353.22
Days on Market99
Property Features for 1397 Sutter Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 1
Interior features
Walk-In Closet(s), Entrance Foyer
Subdivision
East New York
High school district
19
Standard status
Active
Size
3,822 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7695
Amenities
stainless appliances
in-unit washer/dryer
Building Details
Year built
2006
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Jul 8
Changed: Oct 1
Last Checked: Oct 14 at 12:06AM
MLS# 11874632
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 property spans three stories and includes a finished walk-out basement with additional bedroom and common space. Built in 2006, the building contains 3,822 square feet on a 1,720-square-foot lot. Interior features include hardwood and tile flooring, walk-in closets, an entrance foyer, stainless steel appliances, and in-unit washer and dryer. Heating is provided by gas baseboard units.
The property is in Brooklyn’s East New York area, near schools, grocery stores, and parks, with transit access. It is currently tenant-occupied, with the option to deliver it vacant.
The property is in Brooklyn’s East New York area, near schools, grocery stores, and parks, with transit access. It is currently tenant-occupied, with the option to deliver it vacant.
Key Highlights
- Three‑family, three‑story brick building constructed in 2006
- 3,822 square feet on a 1,720‑square‑foot lot
- Finished walk‑out basement with bedroom and common space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,112
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,240
$2.0M
Cap Rate 7%
$1,401,600
$1.4M
Cap Rate 9%
$1,090,133
$1.1M
Market Conditions
NOI Build-Up for 3,822 SF
Gross rent
$146.8K $38.40/SF
− Vacancy
−$6.6K −$1.73/SF
EGI
$140.2K $36.67/SF
− OpEx
−$42.0K −$11.00/SF
NOI
$98.1K $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%
$1,962,240
Cap Rate 7%
$1,401,600
Cap Rate 9%
$1,090,133
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,112 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,360 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,701 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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
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-story residential property with a finished walk-out basement, in-unit laundry, and gas baseboard heat.
Where is this triplex located?
The property is located at 1397 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, three‑story brick building constructed in 2006; 3,822 square feet on a 1,720‑square‑foot lot; Finished walk‑out basement with bedroom and common space
