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Three-Unit Residential Building
New
For Sale
$2,200,000

1538 W 11th St, Brooklyn, NY 11204

A finished basement and garage supplement three vacant apartments with a 3-bedroom and two 2-bedroom layouts.

Property SizeContact for details
Days on Market4

Property Features for 1538 W 11th St

General Information

Standard status Active
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,200

Amenities

finished basement
garage

Building Details

Year Built 1935
Buildings 1
Units 3
Listing Agency: Douglas Elliman Real Estate
Listed By: Karla Saltos · License #10401392086
Source: Elliman
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 11 at 8:02AM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This legal triplex contains three apartments: a first-floor 3-bedroom, 1-bath unit and two upper-level units, each with 2 bedrooms and 1 bath. The building also has high ceilings, a finished basement, and a garage, and is scheduled for delivery vacant at closing. Built in 1935, the property offers a mix of apartment configurations within one residential building.

The property is at 1538 W 11th St in Brooklyn, NY 11204. Schools, retail, and dining are nearby, with access to subway service, local bus routes, and the Belt Parkway.

Key Highlights

  • Legal three‑family property with three apartments
  • First‑floor apartment has 3 bedrooms and 1 bath
  • Two upper‑level apartments each have 2 bedrooms and 1 bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,349
Businesses Nearby

Demographics for 11204, NY

85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - A finished basement and garage supplement three vacant apartments with a 3-bedroom and two 2-bedroom layouts.
Where is this triplex located?
The property is located at 1538 W 11th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Legal three‑family property with three apartments; First‑floor apartment has 3 bedrooms and 1 bath; Two upper‑level apartments each have 2 bedrooms and 1 bath
More about this property
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