Brick Triplex with Private
For Sale
$1,529,000
2433 E 2nd Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size2,580 SF
Lot Size0.05 Acres
Price / SF$592.64
Days on Market15
Property Features for 2433 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Interior features
A/C Unit - Wall, Disposal, Garage Door Opener(s), Microwave, Stove, Terrace
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
2,580 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9486
Amenities
backyard
front porch
Building Details
Year built
1960
Floors in Building
2
Flooring type
Hardwood, Tile, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Re/Max Real Estate Professiona
(718) 872-5522
Listed By:
Dritan (John) Mashkulli · License #40MAO899275
(718) 872-5522
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 28 at 11:06AM
MLS# 503803
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 brick triplex was built in 1960 and contains 2,580 square feet across three residential levels. The 20 x 100 lot supports a 20 x 53 building footprint. The first floor has two bedrooms, an eat-in kitchen, and backyard access. The second level adds two bedrooms, living and dining rooms, an eat-in kitchen, and access to the backyard. The third floor includes three bedrooms, living and dining rooms, an eat-in kitchen, and a front porch. A private front driveway accommodates three cars.
The property is located in Gravesend, Brooklyn, near transportation, shopping, banks, schools, a highway, and the beach and boardwalk. Building features include a gas boiler, new hot water heater, wall-mounted A/C units, tile, ceramic, and hardwood flooring, a disposal, microwave, stove, garage door opener, and terrace.
The property is located in Gravesend, Brooklyn, near transportation, shopping, banks, schools, a highway, and the beach and boardwalk. Building features include a gas boiler, new hot water heater, wall-mounted A/C units, tile, ceramic, and hardwood flooring, a disposal, microwave, stove, garage door opener, and terrace.
Key Highlights
- Triplex with 2,580 square feet on a 20 x 100 lot
- 20 x 53 building footprint with three residential levels
- Seven bedrooms and three bathrooms across the property
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
$90,356
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
5.91%
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%
$1,807,120
$1.8M
Cap Rate 7%
$1,290,800
$1.3M
Cap Rate 9%
$1,003,956
$1.0M
Market Conditions
NOI Build-Up for 2,580 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
$131.6K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$129.1K $50.03/SF
− OpEx
−$38.7K −$15.01/SF
NOI
$90.4K $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%
$1,807,120
Cap Rate 7%
$1,290,800
Cap Rate 9%
$1,003,956
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,356 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$1.13M
$984.6K – $1.31M
NOI $78,765 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,537 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,626
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-story layout offers seven bedrooms, three bathrooms, and access to a backyard.
Where is this triplex located?
The property is located at 2433 E 2nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,529,000.
What are key features of this property?
This property features: Triplex with 2,580 square feet on a 20 x 100 lot; 20 x 53 building footprint with three residential levels; Seven bedrooms and three bathrooms across the property
