New Construction Three-Family in
For Sale
$2,190,000
2169 W 13th St, Brooklyn, NY 11223
New construction three-family property in a prime Brooklyn location.
Property Size3,780 SF
Lot Size0.07 Acres
Days on Market274
Property Features for 2169 W 13th St
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Building Details
Building Size
3,780 SF
Year Built
2022
Stories
3
Listing Agency:
Realty First Residential
(718) 758-5838
Listed By:
Jin Xiu (Sue Li) Li Chen
(718) 758-5838
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 25
Last Checked: Aug 29 at 10:01AM
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 Realty First Residential
Investment Insights
Based on property information with market context.
This newly constructed, full-brick three-family property is located in Bensonhurst. The building, with dimensions of 21x60, is situated on a 30x100 lot, offering a total of 3,780 square feet. Each of the three floors features high ceilings and Eddison windows, providing ample natural light throughout the apartments. Each unit includes three bedrooms, two bathrooms, a living room, a dining room, a kitchen, and washer/dryer hookups. The kitchens are equipped with European-style custom kitchen cabinets and modern white quartz countertops, complemented by stainless steel appliances. Quality finishes include premium hardwood flooring with 3/4 plywood. The property features separate heat and hot water systems for each unit. Steel and concrete stairs lead to the second and third floors. A private driveway offers parking space. The property is conveniently located near stores, supermarkets, and restaurants, with bus transportation and the D Train subway station minutes away.
Key Highlights
- New construction full brick three family in prime Bensonhurst location
- Each unit features 3 bedrooms and 2 bathrooms, with living room, dining room, kitchen, and washer/dryer hookup
- European style custom kitchen cabinets with modern white quartz countertops and stainless steel appliances
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
$115,399
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
5.27%
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%
$2,307,980
$2.3M
Cap Rate 7%
$1,648,557
$1.6M
Cap Rate 9%
$1,282,211
$1.3M
Market Conditions
NOI Build-Up for 3,780 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
$214.1K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$209.8K $55.51/SF
− OpEx
−$94.4K −$24.98/SF
NOI
$115.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$2,307,980
Cap Rate 7%
$1,648,557
Cap Rate 9%
$1,282,211
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,399 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,089 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,185
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction three-family property in a prime Brooklyn location.
Where is this apartment building located?
The property is located at 2169 W 13th St 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: New construction full brick three family in prime Bensonhurst location; Each unit features 3 bedrooms and 2 bathrooms, with living room, dining room, kitchen, and washer/dryer hookup; European style custom kitchen cabinets with modern white quartz countertops and stainless steel appliances
