Three-Unit Brick
For Sale
$999,995
15 Brighton 4th Terrace, Brooklyn, NY 11235
Two-story construction and R6 zoning with a commercial overlay define this Brooklyn multifamily property.
Property Size1,872 SF
Lot Size0.05 Acres
Price / SF$534.19
Days on Market199
Property Features for 15 Brighton 4th Terrace
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,006
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,872 SF
Year Built
1930
Stories
2
Units
3
Construction
brick/masonry
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Apr 9
Changed: Oct 23
Last Checked: Oct 23 at 3:55PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This brick-and-masonry triplex contains three units across two stories, with 1,872 square feet of living area on a 2,125-square-foot lot. Constructed in 1930, the building is classified as R6 with a commercial overlay.
The property is at 15 Brighton 4th Terrace in Brooklyn. The B and Q subway lines, local schools, shopping, dining, and the boardwalk are nearby.
The property is at 15 Brighton 4th Terrace in Brooklyn. The B and Q subway lines, local schools, shopping, dining, and the boardwalk are nearby.
Key Highlights
- Three units arranged over two stories
- 1,872 square feet of living area
- 2,125‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,561
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,220
$1.3M
Cap Rate 7%
$936,586
$936.6K
Cap Rate 9%
$728,456
$728.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$95.5K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.7K $50.03/SF
− OpEx
−$28.1K −$15.01/SF
NOI
$65.6K $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 Rate 5%
$1,311,220
Cap Rate 7%
$936,586
Cap Rate 9%
$728,456
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$816.4K
$714.4K – $952.5K
NOI $57,150 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,495
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two-story construction and R6 zoning with a commercial overlay define this Brooklyn multifamily property.
Where is this triplex located?
The property is located at 15 Brighton 4th Terrace Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: Three units arranged over two stories; 1,872 square feet of living area; 2,125‑square‑foot lot
