Triplex with Private
New
For Sale
$2,190,000
2064 W 10th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,760 SF
Lot Size0.09 Acres
Price / SF$793.48
Days on Market1
Property Features for 2064 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
7
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 7
Interior features
Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Gravesend
Standard status
Active
Size
2,760 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3414
Amenities
finished basement
laundry room
Building Details
Year built
1925
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen · License #PC7262
(917) 536-3632
Added: Oct 2
Last Checked: Oct 2 at 8:06PM
MLS# 505009
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 Brooklyn triplex contains three above-grade levels and a finished basement. The first-floor apartment has three bedrooms; the second- and third-floor apartments have two bedrooms apiece. Each residence includes a kitchen, dining area, and living room. Full bathrooms serve the first and second floors, while the third floor and basement each have a three-quarter bathroom. The basement also contains a separate room, laundry area, and boiler room. The 2,760-square-foot property was built in 1925 and sits on 0.0918 acres. Zoning is R4-1.
A 12-foot-wide private driveway provides parking for up to four cars. Nearby destinations include shops and restaurants along Avenue U and 86th Street, as well as Scarangella Park. N train service is available at Avenue U, D train service at 25th Avenue, and local buses also serve the area.
A 12-foot-wide private driveway provides parking for up to four cars. Nearby destinations include shops and restaurants along Avenue U and 86th Street, as well as Scarangella Park. N train service is available at Avenue U, D train service at 25th Avenue, and local buses also serve the area.
Key Highlights
- Triplex with three above‑grade levels and a finished basement
- 2,760 square feet on 0.0918 acres; zoned R4‑1
- First‑floor apartment has 3 bedrooms; second- and third‑floor apartments have 2 bedrooms each
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
$96,660
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
4.41%
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%
$1,933,200
$1.9M
Cap Rate 7%
$1,380,857
$1.4M
Cap Rate 9%
$1,074,000
$1.1M
Market Conditions
NOI Build-Up for 2,760 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
$140.8K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$138.1K $50.03/SF
− OpEx
−$41.4K −$15.01/SF
NOI
$96.7K $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%
$1,933,200
Cap Rate 7%
$1,380,857
Cap Rate 9%
$1,074,000
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,660 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,260 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 7.30%
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
3,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments have separate kitchens, dining areas, and living rooms, with additional finished basement space.
Where is this triplex located?
The property is located at 2064 W 10th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Triplex with three above‑grade levels and a finished basement; 2,760 square feet on 0.0918 acres; zoned R4‑1; First‑floor apartment has 3 bedrooms; second- and third‑floor apartments have 2 bedrooms each
