Three-Unit Brick Multifamily
221 VANDERBILT Street, Brooklyn, NY 11218
For Sale
New
$2,995,000
An owner's duplex shares the building with two three-bedroom rental apartments.
Property Size4,080 SF
Lot Size0.06 Acres
Price / SF$734.07
Days on Market4
Property Features for 221 VANDERBILT Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer and dryer
Building Details
Building Size
Year Built
Year Renovated
Buildings
Construction
Tenancy
Listing Agency:
Serhant
Listed By:
Abigail Palanca
(718) 938-7308
Source:
Howardhannanyc
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 12 at 2:19PM
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 Serhant
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Investment Insights
Based on property information with market context.
This 4,080-square-foot, semi-detached brick property contains three residences: an owner's duplex and two three-bedroom apartments. The building dates to 1901 and occupies a 25-by-100-foot lot. A comprehensive renovation in 2017 included plumbing, electrical systems, windows, and mechanicals. Each apartment has its own washer and dryer, and the property uses a Weil-McLain pumped hot-water heating system.
Located on Vanderbilt Street in Brooklyn's Windsor Terrace neighborhood, the property combines an owner-occupied layout with two additional residential units. The three residences have updated interiors, and the building's semi-detached construction is part of its physical configuration.
Located on Vanderbilt Street in Brooklyn's Windsor Terrace neighborhood, the property combines an owner-occupied layout with two additional residential units. The three residences have updated interiors, and the building's semi-detached construction is part of its physical configuration.
Key Highlights
- Three residences: an owner's duplex plus two three‑bedroom apartments
- 4,080 square feet on a 25' x 100' lot
- Semi‑detached brick construction; built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,889
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,857,780
$2.9M
Cap Rate 7%
$2,041,271
$2.0M
Cap Rate 9%
$1,587,656
$1.6M
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$208.1K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$204.1K $50.03/SF
− OpEx
−$61.2K −$15.01/SF
NOI
$142.9K $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%
$2,857,780
Cap Rate 7%
$2,041,271
Cap Rate 9%
$1,587,656
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.79M – $2.38M
NOI $142,889 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,558 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,477 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,094
Businesses Nearby
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Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - An owner's duplex shares the building with two three-bedroom rental apartments.
Where is this triplex located?
The property is located at 221 VANDERBILT Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Three residences: an owner's duplex plus two three‑bedroom apartments; 4,080 square feet on a 25' x 100' lot; Semi‑detached brick construction; built in 1901
