Detached Brick Triplex with
For Sale
$1,895,000
2518 W 1st Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,800 SF
Lot Size0.07 Acres
Price / SF$1,052
Days on Market239
Property Features for 2518 W 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 6
Interior features
Alarm, Dishwasher, Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
1,800 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10450
Amenities
hardwood floors
tile flooring
updated appliances
full finished basement
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick, Wood Frame
Roof type
Flat, Rubber
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #VITLO524
(718) 887-5708
Added: Feb 18
Changed: Oct 13
Last Checked: Oct 15 at 8:06PM
MLS# 499063
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot detached brick triplex was built in 1950 on a 30x100 lot and is zoned R4. The first floor contains a three-bedroom, two-bath unit, while the second floor is arranged as separate two-bedroom and one-bedroom apartments. A full finished basement adds usable interior space. Hardwood and tile flooring, a dishwasher, microwave, refrigerator, stove, alarm system, and updated appliances are included. The property also features a flat rubber roof and a private two-car garage suitable for parking and storage.
The home is located at 2518 W 1st Street in Brooklyn’s 11223 ZIP code, near Avenue Y and Avenue Z. It is being delivered vacant, providing flexibility for an owner-user, investor, or multigenerational household.
The home is located at 2518 W 1st Street in Brooklyn’s 11223 ZIP code, near Avenue Y and Avenue Z. It is being delivered vacant, providing flexibility for an owner-user, investor, or multigenerational household.
Key Highlights
- Three‑family detached brick residence with 1,800 square feet
- 30x100 lot with R4 zoning
- First‑floor three‑bedroom, two‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,039
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,780
$1.3M
Cap Rate 7%
$900,557
$900.6K
Cap Rate 9%
$700,433
$700.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$91.8K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.1K $50.03/SF
− OpEx
−$27.0K −$15.01/SF
NOI
$63.0K $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%
$1,260,780
Cap Rate 7%
$900,557
Cap Rate 9%
$700,433
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,407
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family residence with flexible layouts, finished basement space, and private parking in Brooklyn.
Where is this triplex located?
The property is located at 2518 W 1st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Three‑family detached brick residence with 1,800 square feet; 30x100 lot with R4 zoning; First‑floor three‑bedroom, two‑bath apartment
