Split-Level Triplex with
For Sale
$1,680,000
2826 Bragg Street, Brooklyn, NY 11235
Residential, Split, Brooklyn, NY
Property Size3,564 SF
Lot Size0.06 Acres
Price / SF$471.38
Days on Market81
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 3, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 6
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
balconies
laundry
storage
Building Details
Year built
1970
Floors in Building
3
Number of units
3
Flooring type
Ceramic, Carpet, 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) 875-8899
Added: Jul 13
Changed: Sep 15
Last Checked: Oct 1 at 3:06PM
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.
This 3-family semi-attached brick residence offers a split-level layout with spacious living rooms, formal dining areas, three separate balconies, and six bathrooms. Interior features include a renovated kitchen with granite countertops and recessed lighting, hardwood, carpet, and ceramic flooring, plus a finished basement with a three-quarter bathroom and its own entrance. Laundry and storage areas are also included.
The building contains 3,564 square feet, with an approximate building footprint of 22' * 54.25', on a 30' * 80' lot totaling 0.0551 acres. The driveway accommodates parking for 5 vehicles, with 1 additional side parking space, and the property includes a garage. Built in 1970 and zoned R5, the residence is near Emmons Avenue waterfront restaurants, shopping, Plumb Beach, and the UA movie theater. BM3 express bus service stops at the corner, with access to the B and Q subway lines.
The building contains 3,564 square feet, with an approximate building footprint of 22' * 54.25', on a 30' * 80' lot totaling 0.0551 acres. The driveway accommodates parking for 5 vehicles, with 1 additional side parking space, and the property includes a garage. Built in 1970 and zoned R5, the residence is near Emmons Avenue waterfront restaurants, shopping, Plumb Beach, and the UA movie theater. BM3 express bus service stops at the corner, with access to the B and Q subway lines.
Key Highlights
- 3‑family semi‑attached split‑level residence with three separate balconies
- 3,564 square feet on a 30' * 80' lot totaling 0.0551 acres
- 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
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick residential property with a finished basement, separate entrance, laundry area, and flexible living areas.
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: 3‑family semi‑attached split‑level residence with three separate balconies; 3,564 square feet on a 30' * 80' lot totaling 0.0551 acres; Finished basement with 3/4 bathroom and separate entrance
