Triplex Building with Separate-Entrance
For Sale
$1,199,888
2462 BRAGG ST., Brooklyn, NY 11235
MULTI_FAMILY - BROOKLYN, NY
Property Size2,994 SF
Lot Size0.05 Acres
Price / SF$400.76
Days on Market55
Property Features for 2462 BRAGG ST.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6
Patio and Porch features
Porch, Patio
Fencing
Fenced
Subdivision
Sheepshead Bay
High school district
000000
Standard status
Active
APN
27-000.000-7427-031.000
Size
2,994 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7195
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1955
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
LOMBARDO HOMES & ESTATES
(516) 200-6448
Listed By:
Joseph Lombardo · License #10311204851
(516) 200-6448
Added: Jul 8
Changed: Aug 2
Last Checked: Aug 31 at 6:06AM
MLS# 11874911
Copyright © 2026 My State MLS. 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.
Attached 4-story brick Triplex Building with a fully finished basement and a separate entrance that provides an additional apartment. The layout is described as a basement 1-bedroom apartment, a first-floor 2-bedroom apartment, and a second-floor 3-bedroom apartment. The home features 6 bedrooms and 4 bathrooms, along with “excellent natural light” throughout.
Renovations and major systems updates are emphasized, including new updated kitchens, new hardwood floors, and newly renovated bathrooms finished with custom Italian stone. Heating includes new baseboard heat with natural gas, and the mechanical updates also include a recently updated furnace and a hot water heater. The roof is described as new, with an asphalt roof noted.
The property includes two off-street parking spaces, public water and public sewer, and is identified as being built in 1955. Exterior features listed include a porch and patio, with fencing noted as fenced. A tenant is currently in place and described as willing to remain.
Renovations and major systems updates are emphasized, including new updated kitchens, new hardwood floors, and newly renovated bathrooms finished with custom Italian stone. Heating includes new baseboard heat with natural gas, and the mechanical updates also include a recently updated furnace and a hot water heater. The roof is described as new, with an asphalt roof noted.
The property includes two off-street parking spaces, public water and public sewer, and is identified as being built in 1955. Exterior features listed include a porch and patio, with fencing noted as fenced. A tenant is currently in place and described as willing to remain.
Key Highlights
- Attached 4‑story brick building with fully finished basement and separate entrance
- Six bedrooms and four bathrooms across the described unit layout
- Updated interiors including new kitchens, new hardwood floors, and renovated bathrooms with custom Italian stone
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
$104,855
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
8.74%
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%
$2,097,100
$2.1M
Cap Rate 7%
$1,497,929
$1.5M
Cap Rate 9%
$1,165,056
$1.2M
Market Conditions
NOI Build-Up for 2,994 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
$152.7K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$149.8K $50.03/SF
− OpEx
−$44.9K −$15.01/SF
NOI
$104.9K $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%
$2,097,100
Cap Rate 7%
$1,497,929
Cap Rate 9%
$1,165,056
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $104,855 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,404 @ 7.0% cap · market cap 7.62%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,532 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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 - Attached 4-story brick building with a fully finished basement apartment and updated kitchens, hardwood floors, and renovated bathrooms.
Where is this triplex located?
The property is located at 2462 BRAGG ST. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Attached 4‑story brick building with fully finished basement and separate entrance; Six bedrooms and four bathrooms across the described unit layout; Updated interiors including new kitchens, new hardwood floors, and renovated bathrooms with custom Italian stone
