Brick Three-Family
For Sale
$1,599,000
166 Stuyvesant Avenue, Brooklyn, NY 11221
Residential, Ranch, Brooklyn, NY
Property Size4,130 SF
Lot Size0.04 Acres
Price / SF$387.17
Days on Market94
Property Features for 166 Stuyvesant Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R6A
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 6, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
4,130 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
12000
Amenities
private backyard
Building Details
Year built
2005
Floors in Building
3
Number of units
3
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 10 at 1:06AM
MLS# 502843
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,130-square-foot triplex is a brick three-family property completed in 2005. The second- and third-floor residences each include two bedrooms, two bathrooms, a home office, modern kitchens, and updated European-style bathrooms. One of these apartments also provides access to private backyard space. Interior equipment includes a refrigerator and stove, while the building has a flat roof and ranch-style architecture.
The property is located at 166 Stuyvesant Avenue in Brooklyn’s Bedford-Stuyvesant section. Nearby transportation includes Kosciuszko Street, Gates Avenue, and Utica Avenue stations, with service connecting to the J, M, Z, A, and C trains. Pratt Institute, the Brooklyn Botanic Garden, museums, shops, cafés, parks, and restaurants are also identified in the surrounding area. The property is zoned R6A and occupies 0.0448 acres.
The property is located at 166 Stuyvesant Avenue in Brooklyn’s Bedford-Stuyvesant section. Nearby transportation includes Kosciuszko Street, Gates Avenue, and Utica Avenue stations, with service connecting to the J, M, Z, A, and C trains. Pratt Institute, the Brooklyn Botanic Garden, museums, shops, cafés, parks, and restaurants are also identified in the surrounding area. The property is zoned R6A and occupies 0.0448 acres.
Key Highlights
- 4,130‑square‑foot three‑family triplex
- 0.0448‑acre lot in Brooklyn, NY 11221
- Brick construction completed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,640
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,800
$2.9M
Cap Rate 7%
$2,066,286
$2.1M
Cap Rate 9%
$1,607,111
$1.6M
Market Conditions
NOI Build-Up for 4,130 SF
Gross rent
$210.6K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$206.6K $50.03/SF
− OpEx
−$62.0K −$15.01/SF
NOI
$144.6K $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%
$2,892,800
Cap Rate 7%
$2,066,286
Cap Rate 9%
$1,607,111
Alternative Uses
Best Use
Multifamily LT 5
$2.07M
$1.81M – $2.41M
NOI $144,640 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,085 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,375 @ 7.0% cap · market cap 14.97%
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
4,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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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 - Two upper-level apartments offer two bedrooms, two baths, and home-office space.
Where is this triplex located?
The property is located at 166 Stuyvesant Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 4,130‑square‑foot three‑family triplex; 0.0448‑acre lot in Brooklyn, NY 11221; Brick construction completed in 2005
