Brick Triplex with
For Sale
$1,899,000
2401 64th Street, Brooklyn, NY 11204
Residential, Brooklyn, NY
Property Size3,560 SF
Lot Size0.06 Acres
Price / SF$533.43
Days on Market100
Property Features for 2401 64th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6A
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 8, Bathroom 1
Parking features
Garage
Patio and Porch features
Porch
Interior features
Laundry Area, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,560 SF
Lot size
0.06 Acres
Amenities
built-in garage
private driveway
Building Details
Number of units
3
Flooring type
Laminate, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Jun 24
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
MLS# 502548
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.
Investment Insights
Based on property information with market context.
This three-family brick property occupies a 0.0553-acre corner lot and contains 3,560 square feet of building area. The structure measures 20' x 67' on a 28' x 86' lot and includes a built-in garage, oversized private driveway, porch, and parking. Interior features include laundry space, refrigerators, stoves, and microwaves, with tile and laminate flooring throughout portions of the property.
The building is located in Brooklyn, NY 11204, near shopping, restaurants, schools, parks, and public transportation. R6A zoning supports its multifamily classification. The property is currently vacant, and the three-floor configuration provides separate residential spaces within one building.
The building is located in Brooklyn, NY 11204, near shopping, restaurants, schools, parks, and public transportation. R6A zoning supports its multifamily classification. The property is currently vacant, and the three-floor configuration provides separate residential spaces within one building.
Key Highlights
- Three‑family brick property with 3,560 square feet of building area
- Located on a 0.0553‑acre corner lot measuring 28' x 86'
- Building measures 20' x 67'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$124,677
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,493,540
$2.5M
Cap Rate 7%
$1,781,100
$1.8M
Cap Rate 9%
$1,385,300
$1.4M
Market Conditions
NOI Build-Up for 3,560 SF
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.
Gross rent
$181.6K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$178.1K $50.03/SF
− OpEx
−$53.4K −$15.01/SF
NOI
$124.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,493,540
Cap Rate 7%
$1,781,100
Cap Rate 9%
$1,385,300
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,677 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,683 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,338 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Corner multifamily property with a private driveway, garage, and on-site parking.
Where is this triplex located?
The property is located at 2401 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Three‑family brick property with 3,560 square feet of building area; Located on a 0.0553‑acre corner lot measuring 28' x 86'; Building measures 20' x 67'
