Sheepshead Bay Three-Family Brick
2321 E 24th St Brooklyn, NY 11229
2321 E 24th St, Brooklyn, NY, 11229
$1,485,000
Pending
For Sale
$1,485,000
Pending
Well-maintained, semi-detached 3-family brick home in Sheepshead Bay.
Property Size2,750 SF
Lot Size0.06 Acres
Days on Market98
Property Features for 2321 E 24th St
General Information
- Standard status
- Pending
- Size
- 2,750 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Listing Agency
New World Realty Group LLC
(718) 872-6300
Listed by
Stephanie Dong Chin
(718) 872-6300
Source
Elliman
Added: Apr 15 Updated: Jul 10 at 12:40 pm Checked: Jul 19 at 5:41 am
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 New World Realty Group LLC
Investment Insights
Based on property information with market context.
Located in Sheepshead Bay, this semi-detached, three-family brick home offers approximately 2,750 sq. ft. of living space on a 24x100 lot. The property features six bedrooms and four bathrooms across three separate units, each with a private entrance. The first-floor unit includes a living area, two bedrooms, and an eat-in kitchen. The second-floor unit features three bedrooms, a formal living room, and an eat-in kitchen with ample storage. All units have high ceilings. Recent updates include a new heating system, hot water heater and split system units. Additional features include interior access between units, a security camera system, granite-paved front steps, a shared driveway, a detached double garage, and a generously sized backyard. The property is conveniently located near transportation, shopping, dining, parks, and schools, and is just minutes away from P.S. 206. The property is delivered vacant, offering flexibility for various uses. The location has a bike score of 61, a walk score of 87, and a transit score of 72.
Key Highlights
- Delivered vacant, offering flexibility for immediate occupancy, rental, or customization.
- Located in desirable Sheepshead Bay, near transportation, shopping, dining, parks, and top‑rated P.S. 206.
- Three separate units with private entrances, ideal for rental income or multi‑generational living.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.3k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $137.6k | $50.03 |
| − OpEx | −$41.3k | −$15.01 |
| NOI | $96.3k | $35.02 |
2,750 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,310 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,955 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,390 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained, semi-detached 3-family brick home in Sheepshead Bay.
Where is this triplex located?
The property is located at 2321 E 24th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Delivered vacant, offering flexibility for immediate occupancy, rental, or customization.; Located in desirable Sheepshead Bay, near transportation, shopping, dining, parks, and top‑rated P.S. 206.; Three separate units with private entrances, ideal for rental income or multi‑generational living.
