Under-Construction Brick
New
For Sale
$4,400,000
1492 E 24th Street, Brooklyn, NY 11210
Residential, Triplex, Brooklyn, NY
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$1,100
Days on Market3
Property Features for 1492 E 24th Street
General Information
Property type
Residential
Property subtype
Triplex
Property condition
Under Construction
Zoning
R2
Bedrooms
6
Bathrooms
7
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 7, Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5
Patio and Porch features
Patio, Porch
Interior features
Alarm, Central Air, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Midwood
Standard status
Active
Size
4,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10728
Amenities
porch
radiant heated floors
butler's pantry
wet bar
wine fridge
chef's kitchen
family room
terrace
spa bath
heated driveway
private garage
landscaped yard
Building Details
Year built
2026
Floors in Building
3
Flooring type
Marble, Ceramic
Building materials
Brick, Masonry
Architectural style
Other
Listing Agency:
Behfar Team, LLC
Listed By:
Daniel Sosani
(347) 988-2526
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 3 at 9:06AM
MLS# 504004
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 under-construction brick and masonry triplex at 1492 E 24th Street includes approximately 4,000 square feet of living area on a 0.0918-acre lot. The residence is planned with six bedrooms and seven bathrooms, including multiple en-suite bedrooms, along with a primary suite featuring two walk-in closets and a spa-style bath. Interior elements include marble and ceramic flooring, radiant heated floors, central air, laundry facilities, a chef’s kitchen with premium appliances, a dining room with butler’s pantry and wet bar, and a family room opening to a terrace.
Outdoor and support features include a porch, patio, landscaped yard, heated driveway, and private garage. The top floor provides a flexible lounge suitable for office, media, or library use, while the lower level offers high ceilings, storage, and a powder room. The property is located in Brooklyn, NY 11210, and is identified with R2 zoning and a 2026 year built.
Outdoor and support features include a porch, patio, landscaped yard, heated driveway, and private garage. The top floor provides a flexible lounge suitable for office, media, or library use, while the lower level offers high ceilings, storage, and a powder room. The property is located in Brooklyn, NY 11210, and is identified with R2 zoning and a 2026 year built.
Key Highlights
- 4,000 square feet on a 0.0918‑acre lot
- Six bedrooms and seven bathrooms, including multiple en‑suite bedrooms
- Under construction with a 2026 year built
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
$140,087
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
3.18%
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%
$2,801,740
$2.8M
Cap Rate 7%
$2,001,243
$2.0M
Cap Rate 9%
$1,556,522
$1.6M
Market Conditions
NOI Build-Up for 4,000 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
$204.0K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$200.1K $50.03/SF
− OpEx
−$60.0K −$15.01/SF
NOI
$140.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$2,801,740
Cap Rate 7%
$2,001,243
Cap Rate 9%
$1,556,522
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,705
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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 - Six-bedroom Brooklyn property with multiple en-suite bedrooms, terraces, a private garage, and landscaped outdoor space.
Where is this triplex located?
The property is located at 1492 E 24th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 4,000 square feet on a 0.0918‑acre lot; Six bedrooms and seven bathrooms, including multiple en‑suite bedrooms; Under construction with a 2026 year built
