Detached Three-Family
For Sale
$3,499,000
171 Girard St, Brooklyn, NY 11235
A legal three-family residence with a detached garage, private driveway, and finished basement.
Property Size4,112 SF
Lot Size0.18 Acres
Price / SF$850.92
Days on Market96
Property Features for 171 Girard St
General Information
Standard status
Active
Size
4,112 SF
Total Parking Spaces
2
Lot size
0.18 Acres
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Amenities
outdoor terraces
finished basement
wood-burning fireplaces
Building Details
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
CRYSTIN & CO REALTY LLC
Listed By:
Crystin Drowlette
(518) 986-5484
Source:
Crystinandcorealty
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 23 at 3:48PM
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 CRYSTIN & CO REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this detached legal three-family residence contains approximately 4,112 square feet, with 7 bedrooms, 4 full bathrooms, and one three-quarter bathroom. Interior features include hardwood floors, eat-in kitchens, outdoor terraces, wood-burning fireplaces, and a finished basement. The property also has gas heat, updated 220-amp electrical service, a detached garage, and a private driveway. The 80' x 100' lot is located one block from the beach in Brooklyn’s Manhattan Beach neighborhood.
Key Highlights
- Detached legal three‑family residence on an 80' x 100' lot
- Approximately 4,112 square feet with 7 bedrooms
- 4 full bathrooms and one three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,009
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,180
$2.9M
Cap Rate 7%
$2,057,271
$2.1M
Cap Rate 9%
$1,600,100
$1.6M
Market Conditions
NOI Build-Up for 4,112 SF
Gross rent
$209.7K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$205.7K $50.03/SF
− OpEx
−$61.7K −$15.01/SF
NOI
$144.0K $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%
$2,880,180
Cap Rate 7%
$2,057,271
Cap Rate 9%
$1,600,100
Alternative Uses
Best Use
Multifamily LT 5
$2.06M
$1.80M – $2.40M
NOI $144,009 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,535 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$3.40M
$2.98M – $3.97M
NOI $238,332 @ 7.0% cap · market cap 6.81%
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
2,476
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - A legal three-family residence with a detached garage, private driveway, and finished basement.
Where is this triplex located?
The property is located at 171 Girard St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Detached legal three‑family residence on an 80' x 100' lot; Approximately 4,112 square feet with 7 bedrooms; 4 full bathrooms and one three‑quarter bathroom
