Brick 3-Unit
New
For Sale
$1,799,000
1523 E 19th St, Brooklyn, NY 11230
Delivered vacant, the property has a private garage and outdoor space.
Property Size3,280 SF
Days on Market6
Property Features for 1523 E 19th St
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$15,464
Building Details
Building Size
3,280 SF
Year Built
1975
Stories
3
Listing Agency:
Century 21 MK Realty
Listed By:
Nouri Chalouh
(718) 627-7390
Source:
Elliman
Added: Oct 7
Last Checked: Oct 11 at 8:49AM
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 Century 21 MK Realty
Investment Insights
Based on property information with market context.
This brick triplex contains three residences: two with three bedrooms each and one with a single bedroom, for seven bedrooms in total. The property is vacant and has hardwood flooring, new appliances, and a private garage. Outdoor features include a balcony and backyard. Built in 1975, it is located at 1523 E 19th St in Brooklyn.
Walk Score is 93, Transit Score is 93, and Bike Score is 68.
Walk Score is 93, Transit Score is 93, and Bike Score is 68.
Key Highlights
- Three residences: two 3‑bedroom units and one 1‑bedroom unit
- Seven bedrooms across the property
- Private garage, balcony, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,871
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,297,420
$2.3M
Cap Rate 7%
$1,641,014
$1.6M
Cap Rate 9%
$1,276,344
$1.3M
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$167.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$164.1K $50.03/SF
− OpEx
−$49.2K −$15.01/SF
NOI
$114.9K $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%
$2,297,420
Cap Rate 7%
$1,641,014
Cap Rate 9%
$1,276,344
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.44M – $1.91M
NOI $114,871 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,135 @ 7.0% cap · market cap 5.57%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,109 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Delivered vacant, the property has a private garage and outdoor space.
Where is this triplex located?
The property is located at 1523 E 19th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Three residences: two 3‑bedroom units and one 1‑bedroom unit; Seven bedrooms across the property; Private garage, balcony, and backyard
