Detached 3-Family
For Sale
$3,499,000
171 Girard St, Brooklyn, NY 11235
Residential Income, Brooklyn, NY
Property Size4,112 SF
Lot Size0.18 Acres
Price / SF$850.92
Days on Market96
Property Features for 171 Girard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Laundry Room, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bathroom 1
Parking features
Driveway
Patio and Porch features
Porch, Deck
Interior features
Entrance Foyer, Master Downstairs
Fencing
Fenced
Fireplace
1
High school district
000000
Directions
Oriental Blve to Girard ST
Standard status
Active
APN
26-000.000-8750-375.000
Size
4,112 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
24118
Utilities
Heating system
Zoned, Natural Gas, Steam
Water source
Public
Amenities
outdoor terraces
finished basement
wood-burning fireplaces
Building Details
Year built
1920
Floors in Building
3
Flooring type
Hardwood, Carpet
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
BRIGHT HORIZONS REALTY INC
Listed By:
Katherine A. Pontone
Added: Jul 23
Changed: Oct 19
Last Checked: Oct 26 at 7:06AM
MLS# 11899820
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached legal three-family residence provides approximately 4,112 square feet of living space on a 0.18-acre parcel. The layout includes 7 bedrooms, 4 full bathrooms, one three-quarter bath, eat-in kitchens, hardwood flooring, substantial closet storage, outdoor terraces, a finished basement, and wood-burning fireplaces. Natural gas steam heat, zoned heating, and updated 220-amp electrical service are also in place. A detached garage and private driveway provide on-site parking, while the fenced property includes porch and deck areas.
The home is located one block from the beach in Brooklyn’s Manhattan Beach neighborhood. Its 80' x 100' lot, legal three-family configuration, and existing improvements support continued multifamily use or future renovation planning, subject to applicable requirements. The property was built in 1920 and is served by public water.
The home is located one block from the beach in Brooklyn’s Manhattan Beach neighborhood. Its 80' x 100' lot, legal three-family configuration, and existing improvements support continued multifamily use or future renovation planning, subject to applicable requirements. The property was built in 1920 and is served by public water.
Key Highlights
- Legal detached three‑family residence on an 80' x 100' lot
- Approximately 4,112 square feet with 7 bedrooms and 4 full bathrooms
- One three‑quarter bath, eat‑in kitchens, terraces, finished basement, and fireplaces
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal multifamily residence with separate living spaces, outdoor areas, finished basement, and detached garage.
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: Legal detached three‑family residence on an 80' x 100' lot; Approximately 4,112 square feet with 7 bedrooms and 4 full bathrooms; One three‑quarter bath, eat‑in kitchens, terraces, finished basement, and fireplaces
