Brick Triplex with Full
New
For Sale
$2,288,000
2286 80th St, Brooklyn, NY 11214
Three-family brick property with separate building systems, private parking, and flexible multigenerational or rental configurations.
Property Size3,600 SF
Lot Size0.05 Acres
Days on Market4
Property Features for 2286 80th St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,898
Amenities
hardwood floors
front porch
balcony
separate gas boilers and water heaters
Building Details
Building Size
3,600 SF
Year Built
2003
Buildings
1
Stories
3
Construction
brick
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 9:29AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
Built in 2003, this three-family brick triplex includes a full basement with its own front entrance. The second and third floors each contain three bedrooms and two full bathrooms, while the first floor provides two bedrooms and two full bathrooms, totaling 8 bedrooms and 6 full bathrooms. Hardwood floors, a front porch, and a balcony add to the residential features. Each family has a separate gas boiler and water heater.
The building measures 20×60' on a 20×100' lot. A private driveway accommodates 2 parking spaces, complemented by a built-in garage. The property is near 86th Street shopping, supermarkets, restaurants, schools, and public transportation, with a walk score of 96, transit score of 84, and bike score of 56.
The building measures 20×60' on a 20×100' lot. A private driveway accommodates 2 parking spaces, complemented by a built-in garage. The property is near 86th Street shopping, supermarkets, restaurants, schools, and public transportation, with a walk score of 96, transit score of 84, and bike score of 56.
Key Highlights
- Three‑family brick triplex built in 2003
- 8 bedrooms and 6 full bathrooms across three family units
- Full basement with separate front entrance
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
$98,189
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
4.29%
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%
$1,963,780
$2.0M
Cap Rate 7%
$1,402,700
$1.4M
Cap Rate 9%
$1,090,989
$1.1M
Market Conditions
NOI Build-Up for 3,600 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
$146.9K $40.80/SF
− Vacancy
−$6.6K −$1.84/SF
EGI
$140.3K $38.96/SF
− OpEx
−$42.1K −$11.69/SF
NOI
$98.2K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,963,780
Cap Rate 7%
$1,402,700
Cap Rate 9%
$1,090,989
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,189 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,004 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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?
Triplex - Three-family brick property with separate building systems, private parking, and flexible multigenerational or rental configurations.
Where is this triplex located?
The property is located at 2286 80th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: Three‑family brick triplex built in 2003; 8 bedrooms and 6 full bathrooms across three family units; Full basement with separate front entrance
