Three-Unit Brick Apartment
New
For Sale
$1,649,000
2358 E 2nd Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$528.53
Days on Market1
Property Features for 2358 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Subdivision
Gravesend
Standard status
Active
Size
3,120 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10585
Building Details
Flooring type
Hardwood, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Wolf Properties Inc
Listed By:
Vincent E. Salino
(718) 382-9653
Added: Oct 19
Last Checked: Oct 19 at 3:06PM
MLS# 505451
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick triplex contains 3,120 square feet across three apartments: a one-bedroom unit on the first floor and a three-bedroom apartment on each of the upper floors. The building measures 16 by 65 feet and has a flat roof. Interior features include wall-mounted air conditioning, laundry, a dishwasher, and hardwood and ceramic flooring.
The 0.0459-acre property is at 2358 E 2nd Street in Brooklyn and is zoned R4. A shared driveway provides access to a detached garage.
The 0.0459-acre property is at 2358 E 2nd Street in Brooklyn and is zoned R4. A shared driveway provides access to a detached garage.
Key Highlights
- Three apartments: one one‑bedroom unit and two three‑bedroom units
- 3,120 square feet of building area on a 0.0459‑acre lot
- 16 x 65‑foot building footprint
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,563
Businesses Nearby
Explore this area
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 include a one-bedroom unit and two three-bedroom residences, with garage parking accessed by a shared driveway.
Where is this triplex located?
The property is located at 2358 E 2nd Street 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 one‑bedroom unit and two three‑bedroom units; 3,120 square feet of building area on a 0.0459‑acre lot; 16 x 65‑foot building footprint
