Renovated Three-Family Brick
For Sale
$1,199,000
2076 Coyle Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size2,268 SF
Lot Size0.04 Acres
Price / SF$528.66
Days on Market98
Property Features for 2076 Coyle Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4, C1-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2
Interior features
A/C Unit, Garage Door Opener(s)
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,268 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7601
Amenities
separate boilers
private backyard
front yard
private entrance
Building Details
Floors in Building
3
Building materials
Brick
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu
(917) 967-5966
Added: Jun 12
Changed: Sep 17
Last Checked: Sep 17 at 11:06PM
MLS# 502255
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 semi-detached brick triplex contains 2,268 square feet and is configured as a three-family residence. The property was renovated approximately two years ago and will be delivered vacant at closing. Each unit has its own boiler and heating system, while the first-floor residence includes an expanded private entrance. Interior features include A/C units and garage door openers.
Parking is a significant part of the property’s configuration, with a private two-car garage and a rear parking area for three or more additional vehicles. The grounds include a private backyard and maintained front yard. The property is located in Sheepshead Bay near Avenue U, with supermarkets, restaurants, cafés, shopping centers, schools, public transportation, parks, and recreational areas nearby. Zoning is identified as R4, C1-2.
Parking is a significant part of the property’s configuration, with a private two-car garage and a rear parking area for three or more additional vehicles. The grounds include a private backyard and maintained front yard. The property is located in Sheepshead Bay near Avenue U, with supermarkets, restaurants, cafés, shopping centers, schools, public transportation, parks, and recreational areas nearby. Zoning is identified as R4, C1-2.
Key Highlights
- Three‑family brick triplex totaling 2,268 square feet
- Delivered fully vacant at closing
- Separate boiler and heating system serving each unit
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
6.62%
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 6.62%
Second Best
Apartment 5plus
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,453 @ 7.0% cap · market cap 10.96%
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
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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 - Vacant three-family residence with independent heating systems, private outdoor areas, and substantial on-site parking.
Where is this triplex located?
The property is located at 2076 Coyle Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three‑family brick triplex totaling 2,268 square feet; Delivered fully vacant at closing; Separate boiler and heating system serving each unit
