Three-Unit Townhouse with
New
For Sale
$1,499,000
168 22nd St, Brooklyn, NY 11232
Three separate apartments span the floors, with shared outdoor space and a basement.
Property Size3,080 SF
Price / SF$648.92
Days on Market3
Property Features for 168 22nd St
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi Family
Zoning
M1-2D
Units
Unit Mix
1 x studio/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Amenities
shared backyard
Building Details
Building Size
3,080 SF
Year Built
1899
Buildings
1
Stories
3
Units
3
Listed By:
Cristhiam Pena
(347) 761-4425
Source:
Elliman
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 4 at 11:49AM
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 Cristhiam Pena
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Investment Insights
Based on property information with market context.
This three-story townhouse contains three residential apartments, with one unit on each floor. The first-floor studio has one bathroom; the second- and third-floor apartments each have two bedrooms and one bathroom. A basement and shared backyard are also part of the property. The building contains approximately 2,310 square feet on a lot measuring approximately 22.75 by 100 feet, and was built in 1899.
M1-2D zoning allows a residential FAR of 1.5. The stated theoretical maximum residential floor area is approximately 3,412 square feet; any expansion would depend on applicable regulations and approvals. The property is offered in its current condition, with buyers responsible for independent due diligence.
The 25th Street R train station, Industry City, Green-Wood Cemetery, and shops and dining along 4th and 5th Avenues are nearby.
M1-2D zoning allows a residential FAR of 1.5. The stated theoretical maximum residential floor area is approximately 3,412 square feet; any expansion would depend on applicable regulations and approvals. The property is offered in its current condition, with buyers responsible for independent due diligence.
The 25th Street R train station, Industry City, Green-Wood Cemetery, and shops and dining along 4th and 5th Avenues are nearby.
Key Highlights
- Three apartments, one per floor: a studio and two one‑bedroom?
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,900
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,618,000
$1.6M
Cap Rate 7%
$1,155,714
$1.2M
Cap Rate 9%
$898,889
$898.9K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$117.8K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$115.6K $50.03/SF
− OpEx
−$34.7K −$15.01/SF
NOI
$80.9K $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%
$1,618,000
Cap Rate 7%
$1,155,714
Cap Rate 9%
$898,889
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,900 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$1.01M
$881.5K – $1.18M
NOI $70,522 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,888 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,261
Businesses Nearby
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Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments span the floors, with shared outdoor space and a basement.
Where is this triplex located?
The property is located at 168 22nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three apartments, one per floor: a studio and two one‑bedroom?
