Triplex with Finished
New
For Sale
$950,000
1440 E 91st Street #2, New York, NY 11236
The occupied residential property includes finished lower-level space, natural gas baseboard heat, and separate cooling systems.
Property Size1,472 SF
Lot Size0.04 Acres
Price / SF$645.38
Days on Market5
Property Features for 1440 E 91st Street #2
General Information
Standard status
Active
Size
1,472 SF
Lot size
0.04 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Canarsie
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex offers 1,472 square feet of interior space on a 1,933-square-foot lot. The residence has seven bedrooms and three full bathrooms, along with a finished basement. Heating is provided by natural gas baseboards, and cooling systems are separate for each unit. The building dates to 1920 and is fully occupied.
The property is in Canarsie, Brooklyn, near schools, retail, restaurants, parks, public transportation, and major roadways. Showings are limited to the exterior.
The property is in Canarsie, Brooklyn, near schools, retail, restaurants, parks, public transportation, and major roadways. Showings are limited to the exterior.
Key Highlights
- 1,472 square feet of interior space on a 1,933‑square‑foot lot
- Seven bedrooms and three full bathrooms
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,818
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,360
$996.4K
Cap Rate 7%
$711,686
$711.7K
Cap Rate 9%
$553,533
$553.5K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$75.1K $51.00/SF
− Vacancy
−$3.9K −$2.65/SF
EGI
$71.2K $48.35/SF
− OpEx
−$21.4K −$14.50/SF
NOI
$49.8K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,360
Cap Rate 7%
$711,686
Cap Rate 9%
$553,533
Alternative Uses
Best Use
Multifamily LT 5
$711.7K
$622.7K – $830.3K
NOI $49,818 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$657.9K
$575.7K – $767.6K
NOI $46,055 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$3.66M
$3.21M – $4.27M
NOI $256,481 @ 7.0% cap · market cap 27.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The occupied residential property includes finished lower-level space, natural gas baseboard heat, and separate cooling systems.
Where is this triplex located?
The property is located at 1440 E 91st Street #2 New York, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,472 square feet of interior space on a 1,933‑square‑foot lot; Seven bedrooms and three full bathrooms; Finished basement
