Brick Triplex with Private
For Sale
$1,750,000
24 Bay 47th Street, Brooklyn, NY 11214
Three vacant residential units offer matching two-bedroom layouts, with an additional full bath in the basement.
Property Size2,442 SF
Lot Size0.04 Acres
Price / SF$716.63
Days on Market73
Property Features for 24 Bay 47th Street
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
2
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1997
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Aug 18
Changed: Oct 28
Last Checked: Oct 28 at 3:38PM
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 Gosen properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1997, this three-story brick triplex contains three matching apartments, each with two bedrooms and one bathroom. The 2,442-square-foot building also includes a basement with a separate entrance and an additional full bathroom. A private driveway provides two parking spaces, and the property will be delivered vacant.
The property is in Brooklyn’s Gravesend neighborhood, near parks, schools, B1, B4 and B64 bus service, and the N and D trains.
The property is in Brooklyn’s Gravesend neighborhood, near parks, schools, B1, B4 and B64 bus service, and the N and D trains.
Key Highlights
- Three two‑bedroom, one‑bath apartments, one on each floor
- 2,442‑square‑foot brick building built in 1997
- Basement with separate entrance and an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,605
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,100
$1.3M
Cap Rate 7%
$951,500
$951.5K
Cap Rate 9%
$740,056
$740.1K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$99.6K $40.80/SF
− Vacancy
−$4.5K −$1.84/SF
EGI
$95.2K $38.96/SF
− OpEx
−$28.5K −$11.69/SF
NOI
$66.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,100
Cap Rate 7%
$951,500
Cap Rate 9%
$740,056
Alternative Uses
Best Use
Multifamily LT 5
$951.5K
$832.6K – $1.11M
NOI $66,605 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$852.8K
$746.2K – $994.9K
NOI $59,693 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,718 @ 7.0% cap · market cap 5.70%
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
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three vacant residential units offer matching two-bedroom layouts, with an additional full bath in the basement.
Where is this triplex located?
The property is located at 24 Bay 47th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three two‑bedroom, one‑bath apartments, one on each floor; 2,442‑square‑foot brick building built in 1997; Basement with separate entrance and an additional full bathroom
