Triplex Multifamily
For Sale
$1,650,000
2395 E 3rd Street, Brooklyn, NY 11223
The residence combines an open interior layout with updated electrical and plumbing systems.
Property Size3,311 SF
Price / SF$498.34
Days on Market175
Property Features for 2395 E 3rd Street
General Information
Standard status
Active
Size
3,311 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,631
Amenities
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Formal Dining
High Ceilings
Marble Counters
Open Floorplan
Open Kitchen
Recessed Lighting
Building Details
Building Size
3,311 SF
Year Built
1940
Units
2
Listing Agency:
Bon Anno Realty ERA Powered
(516) 420-9055
Listed By:
Tania Drori
(850) 982-9855
Source:
Croninreale
Added: May 6
Changed: Oct 25
Last Checked: Oct 26 at 3:54AM
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 Bon Anno Realty ERA Powered
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Investment Insights
Based on property information with market context.
This triplex multifamily property at 2395 E 3rd Street includes an open-concept interior, granite countertops, and stainless steel appliances. Electrical and plumbing systems have been updated. The building dates to 1940.
Avenue U, Kings Highway, retail and dining, houses of worship, schools, and multiple subway lines are identified among the nearby neighborhood amenities.
Avenue U, Kings Highway, retail and dining, houses of worship, schools, and multiple subway lines are identified among the nearby neighborhood amenities.
Key Highlights
- Triplex multifamily property built in 1940
- Electrical and plumbing systems have been updated
- Open‑concept interior with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,957
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,140
$2.3M
Cap Rate 7%
$1,656,529
$1.7M
Cap Rate 9%
$1,288,411
$1.3M
Market Conditions
NOI Build-Up for 3,311 SF
Gross rent
$168.9K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.7K $50.03/SF
− OpEx
−$49.7K −$15.01/SF
NOI
$116.0K $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%
$2,319,140
Cap Rate 7%
$1,656,529
Cap Rate 9%
$1,288,411
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.93M
NOI $115,957 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,081 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $191,906 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,902
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 - The residence combines an open interior layout with updated electrical and plumbing systems.
Where is this triplex located?
The property is located at 2395 E 3rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Triplex multifamily property built in 1940; Electrical and plumbing systems have been updated; Open‑concept interior with granite countertops and stainless steel appliances
