Three-Family Brick Residence with
For Sale
$1,249,999
2076 Coyle St, Brooklyn, NY 11229
Renovated three-family home delivered fully vacant, with separate boilers and substantial private parking for tenants or owner-occupants.
Property Size2,268 SF
Days on Market71
Property Features for 2076 Coyle St
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
5
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,601
Building Details
Building Size
2,268 SF
Stories
3
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu · License #ZYZ1615
(718) 612-3088
Source:
Elliman
Added: Jun 22
Changed: Aug 27
Last Checked: Aug 30 at 5:23PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This renovated three-family semi-detached brick residence is designed for comfortable, efficient living. It is described as turnkey and in excellent condition, and it will be delivered fully vacant at closing. Each unit includes its own separate boiler and heating system, supporting independent utility control. The property also features an expanded private entrance for the first-floor unit, along with a private backyard and a maintained front yard.
Located in Sheepshead Bay, the property is stated to be just moments from Avenue U and within easy reach of supermarkets, restaurants, cafés, shopping centers, schools, and everyday essentials. The surrounding area also offers public transportation, including buses and nearby train lines, and nearby parks and recreational options. Walk and transit scores are provided as 88 (very walkable) and 68 (good transit).
The layout and separate heating systems make this home practical for tenants who want independent control, and it can also suit an owner-occupant seeking additional income while maintaining privacy. With a private 2-car garage plus a large rear parking area accommodating 3+ additional vehicles, it offers a level of on-site parking that can be a meaningful differentiator for residential renters in Brooklyn.
Located in Sheepshead Bay, the property is stated to be just moments from Avenue U and within easy reach of supermarkets, restaurants, cafés, shopping centers, schools, and everyday essentials. The surrounding area also offers public transportation, including buses and nearby train lines, and nearby parks and recreational options. Walk and transit scores are provided as 88 (very walkable) and 68 (good transit).
The layout and separate heating systems make this home practical for tenants who want independent control, and it can also suit an owner-occupant seeking additional income while maintaining privacy. With a private 2-car garage plus a large rear parking area accommodating 3+ additional vehicles, it offers a level of on-site parking that can be a meaningful differentiator for residential renters in Brooklyn.
Key Highlights
- 3‑family semi‑detached brick home in Sheepshead Bay, renovated about two years ago.
- Delivered fully vacant at closing, with three‑family configuration for owner‑occupants or investors.
- Each unit has its own separate boiler and heating system for individual utility control.
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
$79,429
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
6.35%
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%
$1,588,580
$1.6M
Cap Rate 7%
$1,134,700
$1.1M
Cap Rate 9%
$882,544
$882.5K
Market Conditions
NOI Build-Up for 2,268 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
$115.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$113.5K $50.03/SF
− OpEx
−$34.0K −$15.01/SF
NOI
$79.4K $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%
$1,588,580
Cap Rate 7%
$1,134,700
Cap Rate 9%
$882,544
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$992.9K – $1.32M
NOI $79,429 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,453 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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 - Renovated three-family home delivered fully vacant, with separate boilers and substantial private parking for tenants or owner-occupants.
Where is this triplex located?
The property is located at 2076 Coyle St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: 3‑family semi‑detached brick home in Sheepshead Bay, renovated about two years ago.; Delivered fully vacant at closing, with three‑family configuration for owner‑occupants or investors.; Each unit has its own separate boiler and heating system for individual utility control.
