Detached Triplex with Private
For Sale
$798,000
1987 Troy Avenue, Brooklyn, NY 11234
Residential, Triplex, Brooklyn, NY
Property Size1,415 SF
Lot Size0.06 Acres
Price / SF$563.96
Days on Market47
Property Features for 1987 Troy Avenue
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R4
Bedrooms
4
Bathrooms
4
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 4
Patio and Porch features
Porch, Deck
Interior features
A/C Unit - Wall, Deck, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Terrace, Washer
Basement
Finished, Full
Subdivision
Flatlands
Standard status
Active
Size
1,415 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6700
Amenities
washer and dryer
Building Details
Year built
1920
Flooring type
Hardwood, Tile, Laminate
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Aaron J. Eagle · License #10301221282
(718) 763-4110
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 13 at 12:06AM
MLS# 504119
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 1920 triplex property at 1987 Troy Avenue includes 1415 square feet on a 0.0551-acre lot. The home has four bedrooms and four bathrooms, along with living and dining areas, a kitchen, laundry equipment, and a private one-car parking space. A basement and attic provide additional rooms and storage, with a 3/4 bathroom in each area. Interior finishes include tile, hardwood, and laminate flooring, while the property also offers a deck, porch, terrace, refrigerator, stove, microwave, dryer, washer, and wall A/C unit.
The property is located in Brooklyn, NY 11234, near shopping, transportation, houses of worship, and schools. R4 zoning applies. The home requires TLC and includes a yard for outdoor use.
The property is located in Brooklyn, NY 11234, near shopping, transportation, houses of worship, and schools. R4 zoning applies. The home requires TLC and includes a yard for outdoor use.
Key Highlights
- Triplex property with 4 bedrooms and 4 bathrooms
- 1415 square feet on a 0.0551‑acre lot
- R4 zoning at 1987 Troy Avenue, Brooklyn, NY 11234
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,556
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,120
$991.1K
Cap Rate 7%
$707,943
$707.9K
Cap Rate 9%
$550,622
$550.6K
Market Conditions
NOI Build-Up for 1,415 SF
Gross rent
$72.2K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$70.8K $50.03/SF
− OpEx
−$21.2K −$15.01/SF
NOI
$49.6K $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 Rate 5%
$991,120
Cap Rate 7%
$707,943
Cap Rate 9%
$550,622
Alternative Uses
Best Use
Multifamily LT 5
$707.9K
$619.5K – $825.9K
NOI $49,556 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$617.1K
$540.0K – $720.0K
NOI $43,198 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,013 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - R4-zoned triplex with four bedrooms, four bathrooms, flexible lower-level space, and outdoor areas.
Where is this triplex located?
The property is located at 1987 Troy Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Triplex property with 4 bedrooms and 4 bathrooms; 1415 square feet on a 0.0551‑acre lot; R4 zoning at 1987 Troy Avenue, Brooklyn, NY 11234
