Ocean-Hill Brooklyn Three-Family
For Sale
$1,659,999
Pending
267 Sumpter Street, Brooklyn, NY 11233
Three-family brick building in Brooklyn's Ocean-Hill neighborhood.
Property Size3,120 SF
Days on Market1805
Property Features for 267 Sumpter Street
General Information
Standard status
Pending
Size
3,120 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,921
Building Details
Year Built
1901
Listing Agency:
Mears Clarke Maxine E
Listed By:
Maxine E. Mears Clarke · License #35ME1165663
(914) 557-2373
Source:
Exitrealty
Added: Oct 30, 2021
Changed: Sep 10
Last Checked: Sep 15 at 4:35AM
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 Mears Clarke Maxine E
Investment Insights
Based on property information with market context.
This semi-attached brick building is located in the Ocean-Hill area of Brooklyn. The property is configured as a three-family residence. The first floor features three bedrooms, a living room, a dining room, a kitchen, and two full bathrooms. The second floor includes four bedrooms, two full bathrooms, a living room, a dining room, and an eat-in kitchen. The third floor contains four bedrooms, a living room, a dining room, two full bathrooms, and a kitchen. The building includes a partially finished basement that extends the full length of the house. This property is presented as an investment opportunity.
Key Highlights
- Three‑family brick building: Ideal for investors or multi‑generational living.
- High bedroom count: A total of 11 bedrooms across the three units.
- Multiple full bathrooms: Each unit features 2 full bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,268
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,360
$2.2M
Cap Rate 7%
$1,560,971
$1.6M
Cap Rate 9%
$1,214,089
$1.2M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$159.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.1K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.3K $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%
$2,185,360
Cap Rate 7%
$1,560,971
Cap Rate 9%
$1,214,089
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family brick building in Brooklyn's Ocean-Hill neighborhood.
Where is this triplex located?
The property is located at 267 Sumpter Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,659,999.
What are key features of this property?
This property features: Three‑family brick building: Ideal for investors or multi‑generational living.; High bedroom count: A total of 11 bedrooms across the three units.; Multiple full bathrooms: Each unit features 2 full bathrooms.
