Vacant Three-Family Brick
For Sale
$1,750,000
1755 Dahill Road, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size3,355 SF
Lot Size0.05 Acres
Price / SF$521.61
Days on Market52
Property Features for 1755 Dahill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Garage
Basement
Full
Subdivision
Gravesend
Standard status
Active
Size
3,355 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11003
Amenities
garage
backyard
Building Details
Year built
1935
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
MCPYEL Associates
Listed By:
Edward C. McGarrity Jr
(718) 439-8111
Added: Jul 28
Changed: Sep 15
Last Checked: Sep 17 at 10:06AM
MLS# 503359
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 three-family Brooklyn property offers 3,355 square feet on a 0.0459-acre lot. Built in 1935, the brick structure includes hardwood flooring, a flat roof, two bathrooms, and garage parking. Additional outdoor space and a full backyard provide usable exterior areas. The property is fully vacant and available for occupancy.
Located in the Gravesend section of Brooklyn, the home is at 1755 Dahill Road, Brooklyn, NY 11223. Its residential income configuration and existing garage make it suitable for an owner seeking a multifamily property with dedicated parking and private outdoor space.
Located in the Gravesend section of Brooklyn, the home is at 1755 Dahill Road, Brooklyn, NY 11223. Its residential income configuration and existing garage make it suitable for an owner seeking a multifamily property with dedicated parking and private outdoor space.
Key Highlights
- Three‑family property with 3,355 square feet
- 0.0459‑acre lot in Brooklyn’s Gravesend section
- Brick construction dating to 1935
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
$117,498
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
6.71%
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%
$2,349,960
$2.3M
Cap Rate 7%
$1,678,543
$1.7M
Cap Rate 9%
$1,305,533
$1.3M
Market Conditions
NOI Build-Up for 3,355 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
$171.1K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$167.9K $50.03/SF
− OpEx
−$50.4K −$15.01/SF
NOI
$117.5K $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%
$2,349,960
Cap Rate 7%
$1,678,543
Cap Rate 9%
$1,305,533
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,498 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,425 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,456 @ 7.0% cap · market cap 11.11%
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
4,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant brick property with garage parking, outdoor space, and a private backyard.
Where is this triplex located?
The property is located at 1755 Dahill Road 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 property with 3,355 square feet; 0.0459‑acre lot in Brooklyn’s Gravesend section; Brick construction dating to 1935
