Brick Triplex With
For Sale
$1,149,000
Pending
1544 East 34th Street, Brooklyn, NY 11234
Three-family configuration with a shared rear driveway and a two-car garage.
Property Size2,480 SF
Days on Market814
Property Features for 1544 East 34th Street
General Information
Standard status
Pending
Size
2,480 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,379
Building Details
Year Built
1925
Buildings
1
Construction
brick
Listing Agency:
Behfar Team, LLC
Listed By:
Daniel Sosani
(347) 988-2526
Source:
Exitrealty
Added: Aug 7, 2024
Changed: Oct 25
Last Checked: Oct 28 at 6:52AM
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 Behfar Team, LLC
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Investment Insights
Based on property information with market context.
This 2,480-square-foot brick triplex was built in 1925 and contains three residential apartments. The property has a combination of vacant units and occupied units, providing a varied existing occupancy profile. A shared driveway extends toward the rear and serves a two-car garage.
The building is situated on a tree-lined block in Marine Park at 1544 34th Street, Brooklyn. Its three-family layout, masonry construction, and garage access define the property’s primary physical characteristics.
The building is situated on a tree-lined block in Marine Park at 1544 34th Street, Brooklyn. Its three-family layout, masonry construction, and garage access define the property’s primary physical characteristics.
Key Highlights
- 2,480‑square‑foot brick triplex with three residential apartments
- Built in 1925
- Combination of vacant and occupied apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,854
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,080
$1.7M
Cap Rate 7%
$1,240,771
$1.2M
Cap Rate 9%
$965,044
$965.0K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$126.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$124.1K $50.03/SF
− OpEx
−$37.2K −$15.01/SF
NOI
$86.9K $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%
$1,737,080
Cap Rate 7%
$1,240,771
Cap Rate 9%
$965,044
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,854 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$1.08M
$946.4K – $1.26M
NOI $75,712 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 12.51%
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
3,020
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family configuration with a shared rear driveway and a two-car garage.
Where is this triplex located?
The property is located at 1544 East 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 2,480‑square‑foot brick triplex with three residential apartments; Built in 1925; Combination of vacant and occupied apartments
