Triplex with Private
For Sale
$1,299,000
27 Cass Place, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,820 SF
Lot Size0.05 Acres
Price / SF$460.64
Days on Market15
Property Features for 27 Cass Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Subdivision
Brighton Beach
Standard status
Active
Size
2,820 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11233
Amenities
back yard
private terrace
Building Details
Year built
1950
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood, Ceramic
Building materials
Block, Brick
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Yeugene (Gina) Atayan · License #YA5913
(718) 532-2000
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 12 at 9:06PM
MLS# 503313
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.
Investment Insights
Based on property information with market context.
This semi-detached three-family triplex is zoned R6 and configured as a 2-bedroom unit over a 2-bedroom unit over a 1-bedroom unit. The property includes a back yard, private terrace, private driveway, and an attached garage. Built in 1950, it has block and brick construction, with interior finishes noted as hardwood, ceramic, and tile flooring. Interior features include a refrigerator and stove.
Set on a 0.0494-acre lot with 2,820 square feet of space, the home is positioned in South Brooklyn near the meeting point of Manhattan Beach, Brighton Beach, and Sheepshead Bay. The Emmons Ave promenade and transportation are described as within easy reach, along with area beaches, restaurants, and shopping.
The layout supports multi-family living with separate bedroom configurations across the three units, along with outdoor and parking amenities that can be useful for both residents and day-to-day operations.
Set on a 0.0494-acre lot with 2,820 square feet of space, the home is positioned in South Brooklyn near the meeting point of Manhattan Beach, Brighton Beach, and Sheepshead Bay. The Emmons Ave promenade and transportation are described as within easy reach, along with area beaches, restaurants, and shopping.
The layout supports multi-family living with separate bedroom configurations across the three units, along with outdoor and parking amenities that can be useful for both residents and day-to-day operations.
Key Highlights
- R6 zoned semi‑detached triplex with 2‑bedroom over 2‑bedroom over 1‑bedroom unit configuration
- 0.0494‑acre lot with 2,820 SF
- Back yard, private terrace, and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,975,220
$2.0M
Cap Rate 7%
$1,410,871
$1.4M
Cap Rate 9%
$1,097,344
$1.1M
Market Conditions
NOI Build-Up for 2,820 SF
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.
Gross rent
$143.8K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$141.1K $50.03/SF
− OpEx
−$42.3K −$15.01/SF
NOI
$98.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,975,220
Cap Rate 7%
$1,410,871
Cap Rate 9%
$1,097,344
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.65M
NOI $98,761 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,092 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,447 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,838
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R6 zoned semi-detached triplex configured as 2-bedroom over 2-bedroom over 1-bedroom with a private terrace and attached garage.
Where is this triplex located?
The property is located at 27 Cass Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: R6 zoned semi‑detached triplex with 2‑bedroom over 2‑bedroom over 1‑bedroom unit configuration; 0.0494‑acre lot with 2,820 SF; Back yard, private terrace, and private driveway
