Three-Unit
For Sale
$1,999,000
193 Vernon Ave, Brooklyn, NY 11206
Three residential units offer flexible occupancy and rental-income potential in an established Brooklyn neighborhood.
Property Size2,532 SF
Days on Market105
Property Features for 193 Vernon Ave
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,544
Building Details
Building Size
2,532 SF
Year Built
1899
Buildings
1
Stories
3
Units
3
Construction
brownstone
Listing Agency:
Compass
(917) 847-7771
Listed By:
Parviz Latipzoda · License #10301222789
(917) 847-7771
Source:
Elliman
Added: May 19
Changed: Aug 31
Last Checked: Aug 31 at 12:38AM
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 Compass
Investment Insights
Based on property information with market context.
This three-unit townhouse, built in 1899, combines historic Brooklyn character with a flexible residential configuration. The property includes three separate residential units, supporting use as a multifamily investment or as a primary residence supplemented by rental income. Brownstone-style exterior detailing and a tree-lined setting contribute to the building’s established neighborhood presence.
The property is located at 193 Vernon Ave in Brooklyn’s Bedford-Stuyvesant neighborhood, near the G train and with access to the J and M subway lines. Herbert Von King Park, cafés, restaurants, shops, and daily conveniences are also nearby. Walk Score is 89, Transit Score is 95, and Bike Score is 79.
The property is located at 193 Vernon Ave in Brooklyn’s Bedford-Stuyvesant neighborhood, near the G train and with access to the J and M subway lines. Herbert Von King Park, cafés, restaurants, shops, and daily conveniences are also nearby. Walk Score is 89, Transit Score is 95, and Bike Score is 79.
Key Highlights
- Three residential units in a townhouse configuration
- Built in 1899
- Located at 193 Vernon Ave, Brooklyn, NY 11206
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
$88,675
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
4.44%
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%
$1,773,500
$1.8M
Cap Rate 7%
$1,266,786
$1.3M
Cap Rate 9%
$985,278
$985.3K
Market Conditions
NOI Build-Up for 2,532 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
$129.1K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$126.7K $50.03/SF
− OpEx
−$38.0K −$15.01/SF
NOI
$88.7K $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%
$1,773,500
Cap Rate 7%
$1,266,786
Cap Rate 9%
$985,278
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,675 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$1.10M
$966.2K – $1.29M
NOI $77,299 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$2.10M
$1.83M – $2.45M
NOI $146,755 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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 - Three residential units offer flexible occupancy and rental-income potential in an established Brooklyn neighborhood.
Where is this triplex located?
The property is located at 193 Vernon Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three residential units in a townhouse configuration; Built in 1899; Located at 193 Vernon Ave, Brooklyn, NY 11206
