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Brick 3-Family Home

2665 E 23rd Street, Brooklyn, NY 11235

For Sale
$1,999,000

Residential, Brooklyn, NY

Property Size3,580 SF
Lot Size0.11 Acres
Price / SF$558.38
Days on Market55

Property Features for 2665 E 23rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 7
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 7
Interior features A/C Unit
Basement Finished, Full
Subdivision Sheepshead Bay
Standard status Active
Size 3,580 SF
Lot size 0.11 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 12370

Amenities

front porch
private backyard
storage room
balcony
garage
fully finished basement

Building Details

Number of units 3
Flooring type Marble, Ceramic, Carpet, Hardwood
Building materials Brick
Buildings 1
Listing Agency: RE/MAX Edge · RE/MAX International
Listed By: Svetlana Kruler · License #10301216896
Added: Sep 14 Changed: Nov 1 Last Checked: Nov 7 at 2:06AM
MLS# 504507

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.

Rey
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Investment Insights

Based on property information with market context.

This legal three-family brick property provides 3,580 square feet of above-grade living area on a 0.1111-acre lot. The owner’s split-level home has three bedrooms and 3.5 bathrooms, with access to a finished basement, backyard, and garage. The other units are a three-bedroom, two-bath apartment with a balcony and a two-bedroom split-level apartment. Both apartments are occupied month-to-month, with no leases in place.

Outdoor and utility features include a front porch, private backyard, storage room, and driveway parking for up to seven vehicles. The property is at 2665 E 23rd Street in Brooklyn, near the B and Q trains, shops, restaurants, and schools.

Key Highlights

  • Legal three‑family brick residence with 3,580 square feet of above‑grade living area
  • 0.1111‑acre lot
  • Owner’s split‑level residence has 3 bedrooms and 3.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$125,378
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,507,560 $2.5M
Cap Rate 7%
$1,791,114 $1.8M
Cap Rate 9%
$1,393,089 $1.4M
Market Conditions
NOI Build-Up for 3,580 SF
Gross rent
$182.6K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$179.1K $50.03/SF
− OpEx
−$53.7K −$15.01/SF
NOI
$125.4K $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%
$2,507,560
Cap Rate 7%
$1,791,114
Cap Rate 9%
$1,393,089

Alternative Uses

Best Use
Multifamily LT 5
$1.79M
$1.57M – $2.09M (±1% cap)
NOI $125,378 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M (±1% cap)
NOI $109,294 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M (±1% cap)
NOI $207,497 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,113
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Triplexes in Brooklyn, NY

$733 Jul
$729 Aug
$757 Sep
$731 Oct

Properties on Market for Triplexes in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include a split-level owner’s residence and two apartments with separate entrances.
Where is this triplex located?
The property is located at 2665 E 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Legal three‑family brick residence with 3,580 square feet of above‑grade living area; 0.1111‑acre lot; Owner’s split‑level residence has 3 bedrooms and 3.5 bathrooms
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