Four-Story Three-Family
1644 Atlantic Avenue Brooklyn, NY 11213
1644 Atlantic Avenue, Brooklyn, NY, 11213
$1,399,000
For Sale
$1,399,000
Fully renovated three-family townhouse with deeded parking and a legal driveway, delivered vacant for immediate flexibility.
Property Size3,040 SF
Lot Size0.05 Acres
Price / SF$460.20
Days on Market187
Property Features for 1644 Atlantic Avenue
General Information
- Standard status
- Active
- Size
- 3,040 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing agency
Compass
(917) 597-5736
Listed by
Erion Ahmetaj · License #10301219187
(917) 597-5736
Source
Compass
Added: Jan 17 Updated: Jul 22 at 8:32PM Checked: Jul 22 at 8:32PM
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 Compass
Investment Insights
Based on property information with market context.
This fully renovated three-family, four-story townhouse plus basement is configured as a well-laid-out residence containing three separate apartments. The building features high ceilings, modern split-system heating and cooling, and in-unit washer/dryer. Interiors have been thoughtfully updated throughout, and the property will be delivered vacant, allowing buyers to choose either an owner-occupant setup or a focused investment strategy.
The home sits on a 20-foot-wide lot with a legal driveway and deeded parking. Additional on-site space includes a large rear shed that can support extra storage or be adapted for alternate use.
The overall building size is listed as 20 ft x 38 ft, with a lot size of 2,000 SF (20 ft x 100 ft), and an approximate ground elevation of 70 feet.
The home sits on a 20-foot-wide lot with a legal driveway and deeded parking. Additional on-site space includes a large rear shed that can support extra storage or be adapted for alternate use.
The overall building size is listed as 20 ft x 38 ft, with a lot size of 2,000 SF (20 ft x 100 ft), and an approximate ground elevation of 70 feet.
Key Highlights
- Fully renovated 20‑foot‑wide, four‑story three‑family townhouse (plus basement), built in 1901
- 2,000 SF lot (20 ft x 100 ft) with legal driveway and legal off‑street/deeded parking
- Modern split‑system heating and cooling; high ceilings; washer/dryer in the building
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $152.1k | $50.03 |
| − OpEx | −$45.6k | −$15.01 |
| NOI | $106.5k | $35.02 |
3,040 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,466 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,808 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-family townhouse with deeded parking and a legal driveway, delivered vacant for immediate flexibility.
Where is this triplex located?
The property is located at 1644 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Fully renovated 20‑foot‑wide, four‑story three‑family townhouse (plus basement), built in 1901; 2,000 SF lot (20 ft x 100 ft) with legal driveway and legal off‑street/deeded parking; Modern split‑system heating and cooling; high ceilings; washer/dryer in the building
