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Mill Basin Multi-Family Home

2705 E 63rd Street Brooklyn, NY 11234

Claim this Listing
For Sale
$1,350,000

MULTI_FAMILY - Brooklyn, NY

Property size:
3,232 SF
Lot size:
0.06 Acres
Price / SF:
$417.70/SF
Added:
May 14, 2026
Days on Market:
61
Last Refresh:
Jul 13 at 11:06 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
Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 5
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

Listing office Bergen Basin Realty LLC 5817 Avenue N, Brooklyn, NY

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.


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Brick 2‑family semi‑detached home with solid brick construction and flat roof
  • Ground‑level fully renovated 1‑bedroom unit with full bathroom and split‑system A/C
  • Second‑floor renovated unit with 3 bedrooms, 2 full bathrooms, and central air

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Multifamily LT 5
$1.62M
$1.41M – $1.89M (±1% cap)
NOI $113,190 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M (±1% cap)
NOI $98,670 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M (±1% cap)
NOI $187,327 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Barber Shop Hotel & Motel Auto Parts Store Acupuncture Home Appliance Store Nursing Home Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

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: Brick 2‑family semi‑detached home with solid brick construction and flat roof; Ground‑level fully renovated 1‑bedroom unit with full bathroom and split‑system A/C; Second‑floor renovated unit with 3 bedrooms, 2 full bathrooms, and central air
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More about this property
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