Brick Triplex With Private
For Sale
$2,400,000
2514 Hubbard St, Brooklyn, NY 11235
Three full-floor apartments offer private entrances, separate utilities, hardwood floors, and outdoor terrace access.
Property Size4,300 SF
Lot Size0.06 Acres
Price / SF$558.14
Days on Market50
Property Features for 2514 Hubbard St
General Information
Standard status
Active
Size
4,300 SF
Total Parking Spaces
3
Lot size
0.06 Acres
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,992
Amenities
laundry space
hardwood flooring
gas fireplace
electric sauna
private outdoor terraces
Building Details
Year Built
1988
Buildings
1
Construction
brick
Listing Agency:
BO's Prime Realty
Listed By:
Bozena Zgoda
(718) 272-6500
Source:
Elliman
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 23 at 9:50AM
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 BO's Prime Realty
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Investment Insights
Based on property information with market context.
This brick triplex, built in 1988, contains 4,300 square feet of interior space across three full-floor apartments and a finished walk-in basement. The residences feature private entrances, open living and dining areas, hardwood flooring, laundry areas, and access to front and rear terraces. Apartment layouts include three- or two-bedroom configurations with two bathrooms, while the top-floor residence adds a gas fireplace and electric sauna.
The property occupies a 27-foot by 95-foot lot at 2514 Hubbard St in Brooklyn’s Sheepshead Bay. Separate gas and electric meters serve the apartments. Additional improvements include a built-in garage, a private two-car driveway, and a full-size finished basement with a separate entrance. The location has a Walk Score of 94, a Transit Score of 78, and a Bike Score of 69, with access to the B and Q subway lines, Avenue Z, local shopping, and schools.
The property occupies a 27-foot by 95-foot lot at 2514 Hubbard St in Brooklyn’s Sheepshead Bay. Separate gas and electric meters serve the apartments. Additional improvements include a built-in garage, a private two-car driveway, and a full-size finished basement with a separate entrance. The location has a Walk Score of 94, a Transit Score of 78, and a Bike Score of 69, with access to the B and Q subway lines, Avenue Z, local shopping, and schools.
Key Highlights
- Three full‑floor apartments plus a finished walk‑in basement
- 4,300 square feet of interior space on a 27FT X 95FT lot
- Built in 1988 with separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,593
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,011,860
$3.0M
Cap Rate 7%
$2,151,329
$2.2M
Cap Rate 9%
$1,673,256
$1.7M
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$219.3K $51.00/SF
− Vacancy
−$4.2K −$0.97/SF
EGI
$215.1K $50.03/SF
− OpEx
−$64.5K −$15.01/SF
NOI
$150.6K $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%
$3,011,860
Cap Rate 7%
$2,151,329
Cap Rate 9%
$1,673,256
Alternative Uses
Best Use
Multifamily LT 5
$2.15M
$1.88M – $2.51M
NOI $150,593 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,275 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,228 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,426
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three full-floor apartments offer private entrances, separate utilities, hardwood floors, and outdoor terrace access.
Where is this triplex located?
The property is located at 2514 Hubbard St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three full‑floor apartments plus a finished walk‑in basement; 4,300 square feet of interior space on a 27FT X 95FT lot; Built in 1988 with separate gas and electric meters
