3-Unit Brick
For Sale
$1,100,000
21 Somers St, Brooklyn, NY 11233
Three separate residences offer distinct layouts, including a one-bedroom home and two larger apartments.
Property Size2,565 SF
Days on Market8
Property Features for 21 Somers St
General Information
Standard status
Active
Size
2,565 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,175
Amenities
rear patio
Building Details
Building Size
2,565 SF
Year Built
1901
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Misael Nunez · License #10401276699
(718) 631-8900
Source:
Elliman
Added: Oct 4
Last Checked: Oct 11 at 8:08AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This three-story brick triplex at 21 Somers Street contains three residences. The first-floor apartment has one bedroom, one bathroom, and separate living and dining areas. On the second floor, two bedrooms accompany a living room with dining space and a separate windowed kitchen. The third-floor residence follows a similar layout. A rear patio adds outdoor space, and the building dates to 1901.
The property is in Brooklyn’s Ocean Hill section of Bedford-Stuyvesant. Shops, cafes, restaurants, and Callahan Kelly Playground are nearby. Transit options include the Rockaway Avenue station, served by the C train and A service during late nights, as well as subway connections at Broadway Junction.
The property is in Brooklyn’s Ocean Hill section of Bedford-Stuyvesant. Shops, cafes, restaurants, and Callahan Kelly Playground are nearby. Transit options include the Rockaway Avenue station, served by the C train and A service during late nights, as well as subway connections at Broadway Junction.
Key Highlights
- Three separate residences in a three‑story brick building
- First‑floor apartment has 1 bedroom, 1 bathroom, and separate living and dining areas
- Second- and third‑floor residences have two‑bedroom layouts; second floor includes a separate windowed kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,831
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,620
$1.8M
Cap Rate 7%
$1,283,300
$1.3M
Cap Rate 9%
$998,122
$998.1K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$130.8K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$128.3K $50.03/SF
− OpEx
−$38.5K −$15.01/SF
NOI
$89.8K $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 Rate 5%
$1,796,620
Cap Rate 7%
$1,283,300
Cap Rate 9%
$998,122
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,831 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$1.12M
$978.8K – $1.31M
NOI $78,307 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.48M
NOI $148,667 @ 7.0% cap · market cap 13.52%
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
3,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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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 separate residences offer distinct layouts, including a one-bedroom home and two larger apartments.
Where is this triplex located?
The property is located at 21 Somers St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three separate residences in a three‑story brick building; First‑floor apartment has 1 bedroom, 1 bathroom, and separate living and dining areas; Second- and third‑floor residences have two‑bedroom layouts; second floor includes a separate windowed kitchen
