Three-Family Brownstone with
For Sale
$1,795,000
211 Van Buren Street, Brooklyn, NY 11221
Four-story brownstone with two upper four-room apartments and a lower duplex with garden access; renovation started and sold as-is.
Property Size3,540 SF
Price / SF$507.06
Days on Market104
Property Features for 211 Van Buren Street
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,778
Building Details
Building Size
3,540 SF
Year Built
1899
Stories
4
Tenancy
Multi
Listing Agency:
Bellmarc
Listed By:
Gamal Hasan
(718) 768-4500
Source:
Penrealty
Added: Jul 11
Changed: Oct 18
Last Checked: Oct 21 at 3:35AM
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 Bellmarc
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Investment Insights
Based on property information with market context.
Four-story three-family brownstone with a lower duplex offering garden access, plus two upper apartments. Each upper unit contains four rooms, with two bedrooms and one bathroom. The property has a full cellar and a large private rear garden. Renovation has started, with kitchens and bathrooms removed, and the sale requires completion of the build-out. The home is delivered vacant at closing and is sold as-is.
The property is located on Van Buren Street in Brooklyn, within easy reach of multiple subway lines and local bus routes. It is surrounded by neighborhood amenities including restaurants, shopping, parks, and cultural attractions.
Configuration is suited to continued three-family income use or customization into alternate residential arrangements, subject to applicable approvals.
The property is located on Van Buren Street in Brooklyn, within easy reach of multiple subway lines and local bus routes. It is surrounded by neighborhood amenities including restaurants, shopping, parks, and cultural attractions.
Configuration is suited to continued three-family income use or customization into alternate residential arrangements, subject to applicable approvals.
Key Highlights
- 1899‑built four‑story three‑family brownstone in Brooklyn’s Bedford‑Stuyvesant area
- Currently configured as a lower duplex with garden access plus two upper apartments
- Lower unit: six rooms with garden access; each upper apartment has four rooms, 2 bedrooms, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,977
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,479,540
$2.5M
Cap Rate 7%
$1,771,100
$1.8M
Cap Rate 9%
$1,377,522
$1.4M
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$180.5K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$177.1K $50.03/SF
− OpEx
−$53.1K −$15.01/SF
NOI
$124.0K $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%
$2,479,540
Cap Rate 7%
$1,771,100
Cap Rate 9%
$1,377,522
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $123,977 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,073 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$2.93M
$2.56M – $3.42M
NOI $205,178 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,936
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Four-story brownstone with two upper four-room apartments and a lower duplex with garden access; renovation started and sold as-is.
Where is this triplex located?
The property is located at 211 Van Buren Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 1899‑built four‑story three‑family brownstone in Brooklyn’s Bedford‑Stuyvesant area; Currently configured as a lower duplex with garden access plus two upper apartments; Lower unit: six rooms with garden access; each upper apartment has four rooms, 2 bedrooms, and 1 bath
