3-Unit Brick Triplex with
For Sale
$1,890,000
199 27th Ave, Brooklyn, NY 11214
Separate utilities and on-site parking serve the property's three residential units.
Property Size3,120 SF
Price / SF$605.77
Days on Market55
Property Features for 199 27th Ave
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
private balconies
private backyard
Building Details
Year Built
2007
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Van Huynh
(347) 866-1314
Source:
Statenislandhomelistings
Added: Aug 28
Changed: Oct 19
Last Checked: Oct 20 at 9:55PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
Built in 2007, this 3,120-square-foot brick triplex has three floors with room configurations of 6, 5, and 5 rooms, plus a finished basement. Interior details include hardwood and ceramic tile flooring, kitchens with granite countertops and stainless-steel appliances, and ceramic-tile bathrooms. Private balconies and a backyard add outdoor space.
Each unit has a separate boiler and hot water heater. The property also includes private parking and a detached garage. It is located in Brooklyn's Bensonhurst/Bath Beach area, near shopping, restaurants, schools, and public transportation.
Each unit has a separate boiler and hot water heater. The property also includes private parking and a detached garage. It is located in Brooklyn's Bensonhurst/Bath Beach area, near shopping, restaurants, schools, and public transportation.
Key Highlights
- 3,120‑square‑foot, three‑unit brick property built in 2007
- Three‑floor layout: 6 rooms on the third floor and 5 rooms each on the first and second floors
- Finished basement, private balconies, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,097
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,940
$1.7M
Cap Rate 7%
$1,215,671
$1.2M
Cap Rate 9%
$945,522
$945.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$127.3K $40.80/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$121.6K $38.96/SF
− OpEx
−$36.5K −$11.69/SF
NOI
$85.1K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,940
Cap Rate 7%
$1,215,671
Cap Rate 9%
$945,522
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,097 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,404 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities and on-site parking serve the property's three residential units.
Where is this triplex located?
The property is located at 199 27th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 3,120‑square‑foot, three‑unit brick property built in 2007; Three‑floor layout: 6 rooms on the third floor and 5 rooms each on the first and second floors; Finished basement, private balconies, and backyard
