Three-Family Brick
For Sale
$2,150,000
177 Moffat, Brooklyn, NY 11207
Residential Income, Brooklyn, NY
Property Size2,799 SF
Lot Size0.04 Acres
Price / SF$768.13
Days on Market63
Property Features for 177 Moffat
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Subdivision
Bushwick
Standard status
Active
Size
2,799 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8451
Building Details
Year built
2003
Floors in Building
3
Flooring type
Hardwood
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
Listed By:
Emma Barattini
(815) 252-4110
Added: Jul 31
Changed: Sep 15
Last Checked: Oct 1 at 3:06PM
MLS# 11912824
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.
Investment Insights
Based on property information with market context.
Built in 2003, this semi-detached brick triplex contains approximately 2,799 SF on a 25' x 62.67' lot. The ground-floor, four-bedroom, two-bathroom residence will be delivered vacant and includes an approximately 700 SF private backyard. Two occupied three-bedroom apartments feature renovated kitchens, modern bathrooms, and new flooring. A full basement and hardwood flooring provide additional functional space and durable interior finishes.
The property is zoned R6 and includes approximately 642 SF of additional buildable area. An upgraded common side yard may support construction of two additional units or parking for two vehicles, subject to zoning and approvals. Transit access includes a two-minute walk to the L train and three minutes to the J and Z trains. The property is located near neighborhood amenities in Bushwick.
The property is zoned R6 and includes approximately 642 SF of additional buildable area. An upgraded common side yard may support construction of two additional units or parking for two vehicles, subject to zoning and approvals. Transit access includes a two-minute walk to the L train and three minutes to the J and Z trains. The property is located near neighborhood amenities in Bushwick.
Key Highlights
- Three‑family semi‑detached brick building constructed in 2003
- Approximately 2,799 SF on a 25' x 62.67' lot
- Vacant ground‑floor 4‑bedroom, 2‑bathroom residence with approximately 700 SF private backyard
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
$98,026
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
4.56%
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%
$1,960,520
$2.0M
Cap Rate 7%
$1,400,371
$1.4M
Cap Rate 9%
$1,089,178
$1.1M
Market Conditions
NOI Build-Up for 2,799 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
$142.7K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$140.0K $50.03/SF
− OpEx
−$42.0K −$15.01/SF
NOI
$98.0K $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 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%
$1,960,520
Cap Rate 7%
$1,400,371
Cap Rate 9%
$1,089,178
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.63M
NOI $98,026 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,451 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,230 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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
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Frequently Asked Questions
What type of property is this?
Triplex - Modern construction features a vacant ground-floor residence and two updated occupied apartments.
Where is this triplex located?
The property is located at 177 Moffat Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Three‑family semi‑detached brick building constructed in 2003; Approximately 2,799 SF on a 25' x 62.67' lot; Vacant ground‑floor 4‑bedroom, 2‑bathroom residence with approximately 700 SF private backyard
