Brick Triplex With Finished
For Sale
$1,599,000
Pending
2487 E 21st St, Brooklyn, NY 11235
Three-family property with a duplex first floor, two upper-level apartments, and shared driveway access.
Property Size3,840 SF
Lot Size0.06 Acres
Days on Market183
Property Features for 2487 E 21st St
General Information
Standard status
Pending
Size
3,840 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,272
Building Details
Building Size
3,840 SF
Year Built
1930
Buildings
1
Stories
3
Construction
full-brick
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Apr 28
Changed: Oct 25
Last Checked: Oct 26 at 5:23PM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
This full-brick triplex, built in 1930, contains approximately 3,840 square feet of interior space on a 25×100 lot, with a 20×64 building footprint. The layout includes seven bedrooms and three full bathrooms across three apartments. The first level combines a three-bedroom duplex with a finished basement that has separate front and rear entrances. Two additional apartments occupy the second and third floors, each arranged with two bedrooms and one full bathroom.
Located at 2487 E 21st St in Brooklyn, the property is near schools, supermarkets, restaurants, and multiple transportation options. Walk Score is 98, Transit Score is 80, and Bike Score is 58. Shared driveway access provides an additional property feature.
Located at 2487 E 21st St in Brooklyn, the property is near schools, supermarkets, restaurants, and multiple transportation options. Walk Score is 98, Transit Score is 80, and Bike Score is 58. Shared driveway access provides an additional property feature.
Key Highlights
- Approximately 3,840sqft of interior space on a 25×100 lot
- 20×64 building size with full‑brick construction; built in 1930
- Three‑family layout with 7 bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,483
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,689,660
$2.7M
Cap Rate 7%
$1,921,186
$1.9M
Cap Rate 9%
$1,494,256
$1.5M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$195.8K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$192.1K $50.03/SF
− OpEx
−$57.6K −$15.01/SF
NOI
$134.5K $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%
$2,689,660
Cap Rate 7%
$1,921,186
Cap Rate 9%
$1,494,256
Alternative Uses
Best Use
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,483 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$1.67M
$1.47M – $1.95M
NOI $117,231 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,566 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,053
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
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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 - Three-family property with a duplex first floor, two upper-level apartments, and shared driveway access.
Where is this triplex located?
The property is located at 2487 E 21st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 3,840sqft of interior space on a 25×100 lot; 20×64 building size with full‑brick construction; built in 1930; Three‑family layout with 7 bedrooms and 3 full bathrooms
