Detached Triplex
New
For Sale
$1,949,000
1844 W 11th Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size3,000 SF
Lot Size0.08 Acres
Price / SF$649.67
Days on Market3
Property Features for 1844 W 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
3,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
11483
Amenities
split-unit air conditioning
full finished basement
fenced backyard
hardwood and tile flooring
gas heat with steam radiators
additional storage rooms
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #PP5383
(917) 708-9966
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 7:06PM
MLS# 503340
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.
Detached three-family (triplex) home at 1844 W 11th Street featuring approximately 3,000 square feet of living space. The property contains three spacious units: a 3-bedroom, 1-bath unit; a 4-bedroom, 1-bath unit; and a 1-bedroom, 1-bath unit. All units are currently vacant with no leases in place, providing flexibility for owner occupancy or market-rate rentals.
Each of the three apartments is equipped with its own split-unit air conditioning system. There is also a full finished basement offering additional bonus space for recreation or storage. The home includes gas heat with steam radiators, hardwood and tile flooring, and a brick-faced exterior supported by a poured concrete foundation. Built in 1925 with a wood frame construction, the roof is shingle.
The lot is 0.0758 acres with a fenced backyard, a detached garage, and a private driveway with parking for six or more vehicles. The home is located between Avenue S and Highlawn Avenue, minutes from shopping, restaurants, schools, parks, and public transportation, including the F train and multiple bus lines, with convenient access to Ocean Parkway and the Belt Parkway.
Each of the three apartments is equipped with its own split-unit air conditioning system. There is also a full finished basement offering additional bonus space for recreation or storage. The home includes gas heat with steam radiators, hardwood and tile flooring, and a brick-faced exterior supported by a poured concrete foundation. Built in 1925 with a wood frame construction, the roof is shingle.
The lot is 0.0758 acres with a fenced backyard, a detached garage, and a private driveway with parking for six or more vehicles. The home is located between Avenue S and Highlawn Avenue, minutes from shopping, restaurants, schools, parks, and public transportation, including the F train and multiple bus lines, with convenient access to Ocean Parkway and the Belt Parkway.
Key Highlights
- 0.0758‑acre lot with fenced backyard, detached garage, and private driveway
- Approximately 3,000 SF detached three‑family home built in 1925
- Three units: 3 bed/1 bath, 4 bed/1 bath, and 1 bed/1 bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,765
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
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 - Detached three-unit property on R4A zoning with fenced yard and private driveway, all units vacant.
Where is this triplex located?
The property is located at 1844 W 11th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: 0.0758‑acre lot with fenced backyard, detached garage, and private driveway; Approximately 3,000 SF detached three‑family home built in 1925; Three units: 3 bed/1 bath, 4 bed/1 bath, and 1 bed/1 bath
