Legal Three-Family
24 Seeley Street Brooklyn, NY 11218
24 Seeley Street, Brooklyn, NY, 11218
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For Sale
Contact for pricing
Three-family brownstone-style home delivered vacant, offering flexible living arrangements and a deep backyard lot.
Property Size3,264 SF
Lot Size150.00 Acres
Price / SF$765.63
Days on Market31
Property Features for 24 Seeley Street
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Lot size
- 150.00 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1901
Listing Agency
Brooklyn MLS
Listed by
Thomas A Gugliucci · License #NY
Source
Crexi
Added: Jun 17 Checked: Jul 16 at 10:13 am
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 Brooklyn MLS
Investment Insights
Based on property information with market context.
This legal three-family brownstone-style home is being delivered completely vacant, giving an owner the flexibility to upgrade and customize the space. The first floor features two bedrooms, a formal living room and formal dining room, a full kitchen, and a full bathroom. The second floor includes three bedrooms, plus a living room, dining room, full kitchen, and full bathroom. The garden level provides one bedroom, a living room, a full bathroom, and access to backyard outdoor space.
The home sits on an exceptionally deep lot, with a backyard that extends approximately 150 feet. The property is described as located in Windsor Terrace, with easy access to public transportation and a quick commute to Manhattan and other parts of New York City. It is also noted as being within walking distance to local restaurants, cafés, bars, and shops, and near Prospect Park and schools.
For tenants, buyers, and owner-occupants, the legal three-family layout supports multiple rental or household scenarios, including multigenerational living. With vacant delivery and separate living spaces across the first, second, and garden levels, the property can be positioned to fit a range of residential income and occupancy strategies, while the extensive outdoor space adds practical value for everyday use.
The home sits on an exceptionally deep lot, with a backyard that extends approximately 150 feet. The property is described as located in Windsor Terrace, with easy access to public transportation and a quick commute to Manhattan and other parts of New York City. It is also noted as being within walking distance to local restaurants, cafés, bars, and shops, and near Prospect Park and schools.
For tenants, buyers, and owner-occupants, the legal three-family layout supports multiple rental or household scenarios, including multigenerational living. With vacant delivery and separate living spaces across the first, second, and garden levels, the property can be positioned to fit a range of residential income and occupancy strategies, while the extensive outdoor space adds practical value for everyday use.
Key Highlights
- Brownstone‑style legal three‑family home built in 1901
- Delivered completely vacant, offering flexible options for owner‑occupants or investors
- Layout includes 2BR on the first floor, 3BR on the second floor, and a garden‑level 1BR with living room and full bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.5k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $163.3k | $50.03 |
| − OpEx | −$49.0k | −$15.01 |
| NOI | $114.3k | $35.02 |
3,264 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,311 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,647 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $189,181 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family brownstone-style home delivered vacant, offering flexible living arrangements and a deep backyard lot.
Where is this triplex located?
The property is located at 24 Seeley Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Brownstone‑style legal three‑family home built in 1901; Delivered completely vacant, offering flexible options for owner‑occupants or investors; Layout includes 2BR on the first floor, 3BR on the second floor, and a garden‑level 1BR with living room and full bath
