Three-Unit Residential
New
For Sale
$1,649,000
2358 E 2nd St, Brooklyn, NY 11223
Three apartments are arranged across the building’s first, second, and third floors, with a shared driveway and garage.
Property Size3,120 SF
Days on Market3
Property Features for 2358 E 2nd St
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
With a little TLC
Units
Unit Mix
2 x 3BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,585
Building Details
Building Size
3,120 SF
Buildings
1
Construction
semi-detached
Listing Agency:
Wolf Properties Inc
Listed By:
Vincent E. Salino
(718) 382-9653
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
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 Wolf Properties Inc
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Investment Insights
Based on property information with market context.
This semi-detached triplex contains three apartments across three floors. The first floor has a one-bedroom apartment, while each of the upper floors contains a three-bedroom apartment. The building footprint measures 16 x 65, with more than 3,000 square feet of living space. A shared driveway leads to a garage for parking.
The property is at 2358 E 2nd St in Brooklyn. Its reported walk, transit, and bike scores are 94, 78, and 69, respectively.
The property is at 2358 E 2nd St in Brooklyn. Its reported walk, transit, and bike scores are 94, 78, and 69, respectively.
Key Highlights
- Three apartments: one 1‑bedroom unit and two 3‑bedroom units
- 16 x 65 building footprint and more than 3,000 square feet of living space
- Shared driveway provides access to a garage for parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,268
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,360
$2.2M
Cap Rate 7%
$1,560,971
$1.6M
Cap Rate 9%
$1,214,089
$1.2M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$159.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.1K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.3K $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%
$2,185,360
Cap Rate 7%
$1,560,971
Cap Rate 9%
$1,214,089
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,563
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are arranged across the building’s first, second, and third floors, with a shared driveway and garage.
Where is this triplex located?
The property is located at 2358 E 2nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom unit and two 3‑bedroom units; 16 x 65 building footprint and more than 3,000 square feet of living space; Shared driveway provides access to a garage for parking
