Brick Triplex With Detached
For Sale
$968,000
2064 Coyle Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size2,040 SF
Lot Size0.04 Acres
Price / SF$474.51
Days on Market95
Property Features for 2064 Coyle Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Interior features
Refrigerator, Stove
Subdivision
Marine Park
Standard status
Active
Size
2,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7147
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Calemine & Co. Real Estate, LL
Listed By:
Kevin Reilly
(718) 998-1100
Added: Jun 8
Changed: Sep 5
Last Checked: Sep 10 at 12:06PM
MLS# 502099
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 2,040-square-foot brick residence is configured as a three-family property with a two-bedroom apartment, a one-bedroom apartment, and a studio/one-bedroom apartment. The building has three bathrooms, hardwood and tile flooring, a flat roof, and interior appliances including a refrigerator and stove. Block and brick construction dates to 1930, while the electrical system has been updated with four new meters and sub-panels.
The property is fully vacant and includes a community driveway plus a detached two-car garage. R4 zoning supports its current multifamily classification. The home is located on Coyle Street in Brooklyn's Marine Park area, near the Marine Park Nature Preserve, shopping and dining along Avenue U, and public transportation options.
The property is fully vacant and includes a community driveway plus a detached two-car garage. R4 zoning supports its current multifamily classification. The home is located on Coyle Street in Brooklyn's Marine Park area, near the Marine Park Nature Preserve, shopping and dining along Avenue U, and public transportation options.
Key Highlights
- 2,040 SF brick multifamily property built in 1930
- Three‑family layout: 2‑bedroom, 1‑bedroom, and studio/1‑bedroom units
- Fully vacant with R4 zoning
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
$71,444
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
7.38%
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%
$1,428,880
$1.4M
Cap Rate 7%
$1,020,629
$1.0M
Cap Rate 9%
$793,822
$793.8K
Market Conditions
NOI Build-Up for 2,040 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
$104.0K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.1K $50.03/SF
− OpEx
−$30.6K −$15.01/SF
NOI
$71.4K $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%
$1,428,880
Cap Rate 7%
$1,020,629
Cap Rate 9%
$793,822
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.1K – $1.19M
NOI $71,444 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$889.7K
$778.5K – $1.04M
NOI $62,279 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,238 @ 7.0% cap · market cap 12.21%
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
1,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Vacant three-family residence with updated electrical service, separate meters, and flexible reconfiguration potential.
Where is this triplex located?
The property is located at 2064 Coyle Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $968,000.
What are key features of this property?
This property features: 2,040 SF brick multifamily property built in 1930; Three‑family layout: 2‑bedroom, 1‑bedroom, and studio/1‑bedroom units; Fully vacant with R4 zoning
