Brick Triplex With Private
For Sale
Contact for pricing
177 Moffat Street, Brooklyn, NY 11207
Semi-detached brick construction includes a vacant ground-floor unit and two upgraded occupied apartments.
Property Size2,799 SF
Lot Size0.04 Acres
Price / SF$768.13
Days on Market14
Property Features for 177 Moffat Street
General Information
Standard status
Active
Size
2,799 SF
Total Parking Spaces
2
Lot size
0.04 Acres
Property subtype
Multifamily
Zoning
R6
Investment Type
Owner/User
Net Operating Income
$113,012
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 2 x 3BR
Multifamily Units
3
Building Details
Year Built
2003
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Construction
brick
Listing Agency:
Evergreen Realty and Investments
(646) 373-7944
Listed By:
Daniel Barcelowsky · License #NY
Source:
Crexi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 12 at 6:50AM
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 Evergreen Realty and Investments
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 and is zoned R6. The ground-floor apartment has four bedrooms, two bathrooms, and an approximately 700 SF private backyard. Two additional three-bedroom apartments are occupied and feature renovated kitchens, modern bathrooms, and new flooring. The property operates as a free-market three-family residence, with the vacant lower unit offering flexibility for an owner-user or new occupancy arrangement.
The common side yard has been upgraded and provides approximately 642 SF of additional buildable area. Subject to zoning and approvals, the space may support two additional units or parking for two vehicles. The property is located at 177 Moffat Street in Brooklyn, with the L train approximately a 2-minute walk away and the J and Z trains approximately 3 minutes away. Neighborhood amenities are located nearby.
The common side yard has been upgraded and provides approximately 642 SF of additional buildable area. Subject to zoning and approvals, the space may support two additional units or parking for two vehicles. The property is located at 177 Moffat Street in Brooklyn, with the L train approximately a 2-minute walk away and the J and Z trains approximately 3 minutes away. Neighborhood amenities are located nearby.
Key Highlights
- Triplex built in 2003 with approximately 2,799 SF
- Ground‑floor 4‑bedroom, 2‑bathroom unit delivered vacant
- 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
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
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
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 - Semi-detached brick construction includes a vacant ground-floor unit and two upgraded occupied apartments.
Where is this triplex located?
The property is located at 177 Moffat Street 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: Triplex built in 2003 with approximately 2,799 SF; Ground‑floor 4‑bedroom, 2‑bathroom unit delivered vacant; Approximately 700 SF private backyard
