Sheepshead Bay Three-Family
2622 Avenue Y, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property size:
3,000 SFLot size:
0.06 AcresPrice / SF:
$533/SF- Added:
- Apr 16, 2026
- Days on Market:
- 32
- Last Refresh:
- May 17 at 6:06 am
Property Features for 2622 Avenue Y
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bedroom 2, Bathroom 5, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 4
- Patio and Porch features
- Patio, Porch
- Interior features
- A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11056
Building Details
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Ceramic, Laminate, Hardwood
- Building materials
- Block
- Roof type
- Flat
Listing agent Alla Veksler (718) 376-9300
Listing office Maximillion Realty, Inc. 101 Avenue U, Brooklyn, NY (718) 376-9300
Listing date Apr 16, 2026
MLS# 500548
Listing URL
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.
HighLights
- Excellent Sheepshead Bay location: close to transportation, shopping, schools, and parks.
- Three‑family home: ideal for investment with income potential.
- Spacious first‑floor apartment: features three bedrooms, one and a half baths, eat‑in kitchen with stainless steel appliances, and private outdoor space.
- Finished basement with a bath: offers additional space or office potential.
- Driveway: parking for two cars.
- Low property taxes: $11,056 annually.
Overview
This is a remarkable three-family, semi-detached home situated in the Sheepshead Bay area, offering convenient access to major transportation, shopping, schools, and parks. The two-story home includes a finished basement and is located on a 25x100 lot. The building measures 20x68 feet, providing approximately 3,000 square feet of living space. The first floor features two private entrances leading into a three-bedroom, one-and-a-half-bath apartment with outdoor space, an eat-in kitchen equipped with stainless steel appliances, and large rooms. The second floor contains two 2-bedroom units with private entrances, all in good condition. The full finished basement with a bath can serve as additional space or an office. The property includes a driveway that can accommodate two cars. There are four electric meters and three gas meters. The property is zoned R4 and has low property taxes of $11,056, making it an investment opportunity with income potential.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.943264
- Latitude
- 40.591098
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family home in Sheepshead Bay near transportation and shopping.
Where is this triplex located?
The property is located at 2622 Avenue Y Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Excellent Sheepshead Bay location: close to transportation, shopping, schools, and parks.; Three‑family home: ideal for investment with income potential.; Spacious first‑floor apartment: features three bedrooms, one and a half baths, eat‑in kitchen with stainless steel appliances, and private outdoor space.
