Four-Story Triplex
For Sale
$3,995,000
Pending
244 6th Ave, Brooklyn, NY 11215
A three-family layout combines a lower duplex with two upper floor-through apartments and direct access to a rear deck.
Property Size5,218 SF
Days on Market50
Property Features for 244 6th Ave
General Information
Standard status
Pending
Size
5,218 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,584
Building Details
Building Size
5,218 SF
Year Built
1899
Stories
3
Units
3
Listing Agency:
Corcoran Group
Listed By:
Teri A Cavanaugh · License #10301215524 (NY)
(718) 765-3853
Source:
Elliman
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 10:10AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1899 brownstone is arranged as a three-family property with a lower duplex and two floor-through apartments on the upper levels. The 19.33-foot-wide, 54-foot-deep residence rises four stories and retains period detailing throughout. The parlor level includes well-proportioned rooms, while the rear kitchen opens onto a deck overlooking the garden. The garden floor provides two bedrooms, a flexible middle room, and a full bath, with a full basement offering storage and utility space.
The existing configuration can remain in place or be reworked into two duplexes, a triplex over a garden apartment, or a single-family residence. Improvements include a roof approximately two years old and a forced-air furnace installed five years ago. The property is near Fifth and Seventh Avenues, Prospect Park, and public transportation, with a bike score of 91, walk score of 100, and transit score of 100.
The existing configuration can remain in place or be reworked into two duplexes, a triplex over a garden apartment, or a single-family residence. Improvements include a roof approximately two years old and a forced-air furnace installed five years ago. The property is near Fifth and Seventh Avenues, Prospect Park, and public transportation, with a bike score of 91, walk score of 100, and transit score of 100.
Key Highlights
- Three‑family configuration with a lower duplex and two upper floor‑through apartments
- Four‑story brownstone measuring 19.33 feet wide and 54 feet deep
- Garden floor includes two bedrooms, a middle room, and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,743
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,654,860
$3.7M
Cap Rate 7%
$2,610,614
$2.6M
Cap Rate 9%
$2,030,478
$2.0M
Market Conditions
NOI Build-Up for 5,218 SF
Gross rent
$266.1K $51.00/SF
− Vacancy
−$5.1K −$0.97/SF
EGI
$261.1K $50.03/SF
− OpEx
−$78.3K −$15.01/SF
NOI
$182.7K $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 Rate 5%
$3,654,860
Cap Rate 7%
$2,610,614
Cap Rate 9%
$2,030,478
Alternative Uses
Best Use
Multifamily LT 5
$2.61M
$2.28M – $3.05M
NOI $182,743 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,300 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,435 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
8,404
Businesses Nearby
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Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-family layout combines a lower duplex with two upper floor-through apartments and direct access to a rear deck.
Where is this triplex located?
The property is located at 244 6th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Three‑family configuration with a lower duplex and two upper floor‑through apartments; Four‑story brownstone measuring 19.33 feet wide and 54 feet deep; Garden floor includes two bedrooms, a middle room, and a full bath
