Triplex With Finished
New
For Sale
$2,288,000
284 Dahlgren Pl, Brooklyn, NY 11228
Three-family property with separate entrances, a finished basement, private garage, and dedicated driveway.
Property Size3,124 SF
Days on Market2
Property Features for 284 Dahlgren Pl
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,367
Building Details
Building Size
3,124 SF
Year Built
2003
Units
3
Listing Agency:
Royalux Realty LLC
Listed By:
Xiaoxue Su
(347) 667-9688
Source:
Elliman
Added: Sep 11
Last Checked: Sep 11 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Royalux Realty LLC
Investment Insights
Based on property information with market context.
This three-family property contains 9 bedrooms and 7 full bathrooms across multiple levels, with windows that bring natural light into the interiors. Separate entrances support distinct access to the residences, while the finished basement adds additional usable space. A private garage and driveway are included with the property, which was built in 2003.
Located at 284 Dahlgren Pl in Brooklyn, the property is near parks, green spaces, and seaside promenades. Transportation access includes the R line, bus routes, and nearby highways. The surrounding area combines a walkable residential setting with access to a broad range of amenities.
Located at 284 Dahlgren Pl in Brooklyn, the property is near parks, green spaces, and seaside promenades. Transportation access includes the R line, bus routes, and nearby highways. The surrounding area combines a walkable residential setting with access to a broad range of amenities.
Key Highlights
- 9 bedrooms and 7 full bathrooms across a three‑family property
- Separate entrances for the residences
- Finished basement with additional usable space
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
$109,408
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
4.78%
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%
$2,188,160
$2.2M
Cap Rate 7%
$1,562,971
$1.6M
Cap Rate 9%
$1,215,644
$1.2M
Market Conditions
NOI Build-Up for 3,124 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
$159.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.3K $50.03/SF
− OpEx
−$46.9K −$15.01/SF
NOI
$109.4K $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%
$2,188,160
Cap Rate 7%
$1,562,971
Cap Rate 9%
$1,215,644
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,408 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,372 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,067 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with separate entrances, a finished basement, private garage, and dedicated driveway.
Where is this triplex located?
The property is located at 284 Dahlgren Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: 9 bedrooms and 7 full bathrooms across a three‑family property; Separate entrances for the residences; Finished basement with additional usable space
