Brick Triplex with
New
For Sale
$1,890,000
199 27th Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,120 SF
Lot Size0.04 Acres
Price / SF$605.77
Days on Market6
Property Features for 199 27th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 2, Bathroom 6, Bathroom 4
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bath Beach
Standard status
Active
Size
3,120 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
15089
Amenities
private balconies
private backyard
detached garage
private parking
Building Details
Year built
2007
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Van Huynh
(718) 872-5522
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 504748
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 2007 brick triplex contains 3,120 square feet arranged across three residential floors, with a 6/5/5 room configuration and a fully finished basement. Each floor has its own household layout, while hardwood and ceramic tile flooring, granite kitchen counters, stainless-steel appliances, and tiled bathrooms provide durable interior finishes. Separate boilers and hot water heaters support the individual units, and private balconies extend the living areas.
The property includes a private backyard, private parking, and a garage. Located in Brooklyn’s Bensonhurst/Bath Beach area, the home is near shopping, restaurants, schools, public transportation, and daily services. The 0.0444-acre lot is zoned R5 and identified as a three-family residential property.
The property includes a private backyard, private parking, and a garage. Located in Brooklyn’s Bensonhurst/Bath Beach area, the home is near shopping, restaurants, schools, public transportation, and daily services. The 0.0444-acre lot is zoned R5 and identified as a three-family residential property.
Key Highlights
- 3,120 square feet across three floors
- 6/5/5 room configuration plus fully finished basement
- 2007 brick construction
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
$85,097
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
4.50%
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%
$1,701,940
$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
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
$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 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%
$1,701,940
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-floor residential income property with separate utilities, private parking, balconies, and a finished basement.
Where is this triplex located?
The property is located at 199 27th Avenue 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 feet across three floors; 6/5/5 room configuration plus fully finished basement; 2007 brick construction
