Three-Unit
235 79th Street, Brooklyn, NY 11209
For Sale
$1,850,000
Renovated kitchens and bathrooms pair with central air conditioning and several private outdoor spaces.
Property Size4,074 SF
Price / SF$454.10
Days on Market16
Property Features for 235 79th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
private courtyard
terrace
backyard patio
barbecuing area
laundry area
finished basement
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Corcoran Group
Listed By:
Diane L Henning · License #10301203167 (NY)
(917) 974-0005
Source:
Howardhannanyc
Added: Oct 25
Changed: Nov 8
Last Checked: Nov 8 at 11:43AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 4,074-square-foot, three-story townhouse contains three residential units, three kitchens, three bathrooms, and more than six bedrooms. A finished basement adds laundry and storage space. Kitchens and bathrooms have been renovated, and central air conditioning is provided through individual Mitsubishi split systems in nearly every room. Interior features include stained-glass windows, pocket doors, tin ceilings, coffered beams, parquet floors, and an oak lattice archway.
Outdoor areas include a front courtyard, a terrace adjoining the second-floor kitchen, and a deep backyard with a paved patio and barbecue area. Built in 1920, the property is at 235 79th Street in Brooklyn, New York. The existing configuration includes an upper duplex and a separate two-bedroom garden apartment.
Outdoor areas include a front courtyard, a terrace adjoining the second-floor kitchen, and a deep backyard with a paved patio and barbecue area. Built in 1920, the property is at 235 79th Street in Brooklyn, New York. The existing configuration includes an upper duplex and a separate two-bedroom garden apartment.
Key Highlights
- Three‑story, 4,074‑square‑foot townhouse with three units
- Three kitchens, three bathrooms, and six‑plus bedrooms
- Finished basement with laundry area and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,678
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,853,560
$2.9M
Cap Rate 7%
$2,038,257
$2.0M
Cap Rate 9%
$1,585,311
$1.6M
Market Conditions
NOI Build-Up for 4,074 SF
Gross rent
$207.8K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$203.8K $50.03/SF
− OpEx
−$61.1K −$15.01/SF
NOI
$142.7K $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%
$2,853,560
Cap Rate 7%
$2,038,257
Cap Rate 9%
$1,585,311
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.78M – $2.38M
NOI $142,678 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,375 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$3.37M
$2.95M – $3.94M
NOI $236,129 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,189
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Average Price Trend$/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 - Renovated kitchens and bathrooms pair with central air conditioning and several private outdoor spaces.
Where is this triplex located?
The property is located at 235 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Three‑story, 4,074‑square‑foot townhouse with three units; Three kitchens, three bathrooms, and six‑plus bedrooms; Finished basement with laundry area and storage
