3-Unit Triplex with Rear
New
For Sale
$1,300,000
1609 Saint Marks Ave, Brooklyn, NY 11233
A ground-level duplex pairs with separate one- and two-bedroom apartments above.
Property Size3,096 SF
Days on Market3
Property Features for 1609 Saint Marks Ave
General Information
Standard status
Active
Size
3,096 SF
Total Parking Spaces
1
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,158
Building Details
Building Size
3,096 SF
Year Built
2003
Units
3
Listing Agency:
Keller Williams Landmark II
Listed By:
Dimitri A. Petrovsky · License #10301221494
(718) 909-1521
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:48AM
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 Keller Williams Landmark II
Investment Insights
Based on property information with market context.
This three-unit property at 1609 Saint Marks Ave in Brooklyn includes a first-floor duplex with three bedrooms and two bathrooms, with two bedrooms on the second level. The second-floor apartment has one bedroom, while the third-floor apartment has two. A full basement with high ceilings and a private rear parking space round out the property. The reported construction years conflict, so no year is stated.
In Ocean Hill, the property has access to subway and bus service, neighborhood shopping, dining, and services, as well as major thoroughfares. Its Walk Score is 92, Transit Score is 98, and Bike Score is 67.
In Ocean Hill, the property has access to subway and bus service, neighborhood shopping, dining, and services, as well as major thoroughfares. Its Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Key Highlights
- Three apartments: a 3‑bedroom, 2‑bath duplex, a 1‑bedroom apartment, and a 2‑bedroom apartment
- Full basement with high ceilings
- Private parking space at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,427
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,540
$2.2M
Cap Rate 7%
$1,548,957
$1.5M
Cap Rate 9%
$1,204,744
$1.2M
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$157.9K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$154.9K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.4K $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%
$2,168,540
Cap Rate 7%
$1,548,957
Cap Rate 9%
$1,204,744
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,427 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,518 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.99M
NOI $179,444 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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 - A ground-level duplex pairs with separate one- and two-bedroom apartments above.
Where is this triplex located?
The property is located at 1609 Saint Marks Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three apartments: a 3‑bedroom, 2‑bath duplex, a 1‑bedroom apartment, and a 2‑bedroom apartment; Full basement with high ceilings; Private parking space at the rear
