Triplex with Private
253 Newkirk Avenue, Brooklyn, NY 11230
For Sale
New
$1,800,000
Three rental units and a carport provide a practical setup for residential income use.
Property Size3,960 SF
Price / SF$454.55
Days on Market4
Property Features for 253 Newkirk Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private parking
Finished
3
Yes
6
Other
2
No
Carport
3960
Building Details
Building Size
Year Built
Listing Agency:
(516) 788-8382
Listed By:
Amit Kalia
Source:
Sunluxrealty
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 4:19AM
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 Amit Kalia
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Investment Insights
Based on property information with market context.
This Brooklyn triplex contains three rentable units within approximately 3,960 square feet of living space. Built in 1965, the property includes a carport for private parking and sits on a residential block near Ocean Parkway.
Cortelyou Road’s shops, cafés, and restaurants are nearby, and Newkirk Plaza station serves the B and Q trains within walking distance. Ocean Parkway’s promenade and Prospect Park offer nearby outdoor destinations.
Cortelyou Road’s shops, cafés, and restaurants are nearby, and Newkirk Plaza station serves the B and Q trains within walking distance. Ocean Parkway’s promenade and Prospect Park offer nearby outdoor destinations.
Key Highlights
- Three rentable units across approximately 3,960 square feet
- Carport provides private parking
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,686
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,773,720
$2.8M
Cap Rate 7%
$1,981,229
$2.0M
Cap Rate 9%
$1,540,956
$1.5M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$202.0K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$198.1K $50.03/SF
− OpEx
−$59.4K −$15.01/SF
NOI
$138.7K $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%
$2,773,720
Cap Rate 7%
$1,981,229
Cap Rate 9%
$1,540,956
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,686 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.01M
NOI $120,895 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,522 @ 7.0% cap · market cap 12.75%
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
4,656
Businesses Nearby
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Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three rental units and a carport provide a practical setup for residential income use.
Where is this triplex located?
The property is located at 253 Newkirk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three rentable units across approximately 3,960 square feet; Carport provides private parking; Built in 1965
