Semi-Attached Triplex
For Sale
$1,680,000
2826 Bragg Street, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size3,564 SF
Lot Size0.06 Acres
Price / SF$471.38
Days on Market50
Property Features for 2826 Bragg Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 2
Parking features
Garage
Patio and Porch features
Porch
Interior features
Laundry Area, Porch, Refrigerator, Stove, Terrace, Window Treatments
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
3,564 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
13746
Amenities
three separate balconies
finished basement
laundry and storage area
Building Details
Year built
1970
Floors in Building
3
Number of units
3
Flooring type
Carpet, Ceramic, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
BRP Associates Inc
(718) 713-6888
Listed By:
Jean Paul Ho · License #JPH8888
(718) 713-6888
Added: Jul 13
Changed: Aug 3
Last Checked: Aug 31 at 5:06AM
MLS# 502991
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.
Located at 2826 Bragg Street in Brooklyn, this R5-zoned 1970 brick semi-attached triplex is arranged as a split-level 3-family home. The layout includes three separate apartments: a 3-bedroom unit, a 4-bedroom unit, and a 2-bedroom unit, along with a studio configuration that may vary depending on the legal setup (verify with public records). Interiors feature spacious living and formal dining rooms, with a newly renovated kitchen that includes granite countertops and recessed (high-hat) lighting. A finished basement adds a 3/4 bathroom and a separate entrance.
The home totals 6 bathrooms and includes three separate balconies. Parking is available for 5 vehicles in the driveway, plus 1 additional side parking space.
The building measures 22' by 54.25' (3,564 SF) on a 30' by 80' lot (0.0551 acres). Nearby access includes the BM3 express bus to Manhattan stopping on the corner, with convenient access to the B and Q subway lines, and shopping and dining along Emmons Avenue.
The home totals 6 bathrooms and includes three separate balconies. Parking is available for 5 vehicles in the driveway, plus 1 additional side parking space.
The building measures 22' by 54.25' (3,564 SF) on a 30' by 80' lot (0.0551 acres). Nearby access includes the BM3 express bus to Manhattan stopping on the corner, with convenient access to the B and Q subway lines, and shopping and dining along Emmons Avenue.
Key Highlights
- R5‑zoned semi‑attached split‑level 3‑family home
- Newly renovated kitchen with granite countertops and recessed (high‑hat) lighting
- Finished basement with 3/4 bathroom and separate entrance
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
$124,817
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
7.43%
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%
$2,496,340
$2.5M
Cap Rate 7%
$1,783,100
$1.8M
Cap Rate 9%
$1,386,856
$1.4M
Market Conditions
NOI Build-Up for 3,564 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
$181.8K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$178.3K $50.03/SF
− OpEx
−$53.5K −$15.01/SF
NOI
$124.8K $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%
$2,496,340
Cap Rate 7%
$1,783,100
Cap Rate 9%
$1,386,856
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,817 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,805 @ 7.0% cap · market cap 6.48%
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,569 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,124
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 - R5-zoned semi-attached triplex with a newly renovated kitchen and finished basement with a separate entrance.
Where is this triplex located?
The property is located at 2826 Bragg Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: R5‑zoned semi‑attached split‑level 3‑family home; Newly renovated kitchen with granite countertops and recessed (high‑hat) lighting; Finished basement with 3/4 bathroom and separate entrance
