Brick Three-Family
For Sale
$1,750,000
166 Stuyvesant Avenue, Brooklyn, NY 11221
MULTI_FAMILY - Brooklyn, NY
Property Size4,130 SF
Lot Size0.04 Acres
Price / SF$423.73
Days on Market47
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
Bedroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2
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) 787-4110
Added: Jul 9
Changed: Aug 15
Last Checked: Aug 24 at 11:06AM
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 brick triplex includes three residential units within a 2005-built property on a 0.0448-acre lot. Two separate second- and third-floor apartments each offer two bedrooms, two bathrooms, and a home office. The residences feature modern kitchens, updated European-style bathrooms, refrigerators, and stoves. One two-bedroom unit also includes access to private backyard space.
Positioned at 166 Stuyvesant Avenue in Brooklyn, the property is zoned R6A and located near Pratt Institute, the Brooklyn Botanic Garden, museums, shopping, and cafes. Nearby Kosciuszko Street, Gates Avenue, and Utica Avenue stations provide access to the J, M, Z, A, and C subway lines. The flat-roofed building also includes a ranch architectural style.
Positioned at 166 Stuyvesant Avenue in Brooklyn, the property is zoned R6A and located near Pratt Institute, the Brooklyn Botanic Garden, museums, shopping, and cafes. Nearby Kosciuszko Street, Gates Avenue, and Utica Avenue stations provide access to the J, M, Z, A, and C subway lines. The flat-roofed building also includes a ranch architectural style.
Key Highlights
- Three‑family brick property built in 2005
- 4,130 square feet on a 0.0448‑acre lot
- Two separate upper‑floor units with 2 bedrooms, 2 bathrooms, and a home office each
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 8.27%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,085 @ 7.0% cap · market cap 7.20%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,375 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Brick construction and a three-family layout support residential income use with renovated kitchens and bathrooms.
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 $1,750,000.
What are key features of this property?
This property features: Three‑family brick property built in 2005; 4,130 square feet on a 0.0448‑acre lot; Two separate upper‑floor units with 2 bedrooms, 2 bathrooms, and a home office each
