Mill Basin Multi-Family
2705 E 63rd Street, Brooklyn, NY 11234
New
MULTI_FAMILY - Brooklyn, NY
Property size:
3,232 SFLot size:
0.06 AcresPrice / SF:
$417/SF- Added:
- May 14, 2026
- Days on Market:
- 4
- Last Refresh:
- May 17 at 5:06 pm
Property Features for 2705 E 63rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 2
- Parking features
- Garage - Attached
- Interior features
- Central Air, Central Air - Split, Microwave, Refrigerator, Stove
- Standard status
- Active
- Size
- 3,232 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10937
Building Details
- Year built
- 1965
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Julia Usach (718) 763-4110
Listing office Bergen Basin Realty LLC 5817 Avenue N, Brooklyn, NY (718) 763-4110
Listing date May 14, 2026
MLS# 501428
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
- Delivered Vacant: The third‑floor residence is ready for immediate occupancy, rental, or your personal touch.
- Two Renovated Residences: Features a renovated ground‑level 1‑bedroom and a second‑floor 3‑bedroom apartment.
- Multi‑Family Flexibility: Offers options for rental income or extended family living with two separate living spaces.
- Private Parking: Enjoy the convenience of a private driveway and attached garage.
- Desirable Mill Basin Location: Benefit from convenient access to shopping, schools, transportation, and local amenities.
- Solid Brick Construction: Appreciate the durable and low‑maintenance brick exterior.
Overview
This semi-detached brick home is located in Mill Basin. The property is a multi-family residence offering a flexible, multi-level layout. It features a private driveway, an attached garage, and a backyard. The ground level has a renovated 1-bedroom living space with a full bathroom and split-system A/C. The second-floor residence has been renovated and includes 3 bedrooms, 2 full bathrooms, and central air. The third-floor residence features 3 bedrooms and 1.5 bathrooms, and central air. The third-floor residence will be delivered vacant, offering an opportunity for occupancy, rental use, or future customization. The property is of solid brick construction. It is conveniently located in prime Mill Basin near shopping, schools, transportation, houses of worship, and neighborhood amenities. The lot size is 0.0589 acres and the property size is 3232 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.26M
NOI $113,190 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,190 @ 7.00% cap · market / base-case scenario
Aggressive
$2.26M
NOI $113,190 @ 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 | $164.8k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $161.7k | $50.03 |
| − OpEx | −$48.5k | −$15.01 |
| NOI | $113.2k | $35.02 |
3,232 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.62M
$1.41M – $1.89M
NOI $113,190 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,670 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,327 @ 7.0% cap · market cap 13.88%
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
- -73.912719
- Latitude
- 40.607468
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Renovated multi-family home in Mill Basin with flexible layout.
Where is this triplex located?
The property is located at 2705 E 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Delivered Vacant: The third‑floor residence is ready for immediate occupancy, rental, or your personal touch.; Two Renovated Residences: Features a renovated ground‑level 1‑bedroom and a second‑floor 3‑bedroom apartment.; Multi‑Family Flexibility: Offers options for rental income or extended family living with two separate living spaces.
