Triplex With Basement And
For Sale
Contact for pricing
243 WOODBINE ST, Brooklyn, NY 11221
Four-level residential income property with separate utility meters, outdoor space, and access to nearby L and J subway lines.
Property Size2,634 SF
Lot Size0.04 Acres
Price / SF$529.61
Days on Market58
Property Features for 243 WOODBINE ST
General Information
Standard status
Active
Size
2,634 SF
Lot size
0.04 Acres
Property subtype
Multifamily
Zoning
R6
Investment Type
Value Add
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
full basement
backyard
high ceilings
Building Details
Year Built
1931
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
Listed By:
Robert Napolitano · License #NY 31NA0992911
(718) 388-2188
Source:
Crexi
Added: Aug 26
Changed: Oct 14
Last Checked: Oct 20 at 8:40PM
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 Capri Jet Realty Corp
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Investment Insights
Based on property information with market context.
This four-level triplex at 243 Woodbine St includes three apartments, a full basement, and a backyard reached from the ground-level residence. The 2,634-square-foot property was built in 1931 and is arranged with one-, two-, and three-bedroom apartment layouts, each with a living area, kitchen, and full bathroom. The parlor and second floors feature 10-foot ceilings. Two electric meters and two gas meters serve the property, which has oil heating. The lot measures 19.50 x 100 feet, while the building measures 19.50 x 45 feet.
The property is zoned R6 with a 1.35 FAR and 2.2 maximum FAR. The source information identifies 1,657 buildable square feet remaining. Transit access includes a 9-minute walk to the L train at Halsey St and an 11-minute walk to the J train at Gates Ave.
The property is zoned R6 with a 1.35 FAR and 2.2 maximum FAR. The source information identifies 1,657 buildable square feet remaining. Transit access includes a 9-minute walk to the L train at Halsey St and an 11-minute walk to the J train at Gates Ave.
Key Highlights
- Three‑apartment, four‑level configuration with a full basement
- 2,634 square feet on a 19.50 x 100‑foot lot
- 1,657 buildable square feet remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,247
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,844,940
$1.8M
Cap Rate 7%
$1,317,814
$1.3M
Cap Rate 9%
$1,024,967
$1.0M
Market Conditions
NOI Build-Up for 2,634 SF
Gross rent
$134.3K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$131.8K $50.03/SF
− OpEx
−$39.5K −$15.01/SF
NOI
$92.2K $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%
$1,844,940
Cap Rate 7%
$1,317,814
Cap Rate 9%
$1,024,967
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,247 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,413 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,667 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - Four-level residential income property with separate utility meters, outdoor space, and access to nearby L and J subway lines.
Where is this triplex located?
The property is located at 243 WOODBINE ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Three‑apartment, four‑level configuration with a full basement; 2,634 square feet on a 19.50 x 100‑foot lot; 1,657 buildable square feet remaining
