Renovated Three-Unit
For Sale
$3,125,000
286 CLIFTON Place, Brooklyn, NY 11216
Four-story residential property with private outdoor space, in-unit laundry, and two leased upper-floor apartments.
Property Size3,462 SF
Price / SF$902.66
Days on Market58
Property Features for 286 CLIFTON Place
General Information
Standard status
Active
Size
3,462 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,076
Building Details
Building Size
3,462 SF
Year Built
1899
Buildings
1
Stories
4
Listing Agency:
Serhant
(646) 859-5395
Listed By:
Carlos Jacinto
(646) 859-5395
Source:
Miradorrealestate
Added: Jun 17
Changed: Aug 13
Last Checked: Aug 13 at 11:34AM
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 Serhant
Investment Insights
Based on property information with market context.
Built in 1899, this renovated three-unit townhouse contains 3,462 square feet across four stories. The garden duplex occupies the first and second floors and includes approximately three bedrooms, multiple living and dining areas, two bathrooms, in-unit laundry, a deck, and a substantial rear yard. Two floor-through apartments occupy the upper levels; each has two bedrooms and one bathroom, with the third unit also featuring an upper-level recreation area. Both upper apartments are currently leased, providing established residential occupancy.
The property is situated near Franklin Avenue, Bedford Avenue, and Fulton Street in Brooklyn, with restaurants, cafés, specialty shops, and everyday services nearby. Herbert Von King Park, Fort Greene Park, the Brooklyn Museum, and the Brooklyn Botanic Garden are among the surrounding destinations. Transit access includes the G train at Bedford-Nostrand Avenue and the A/C trains along Fulton Street.
The property is situated near Franklin Avenue, Bedford Avenue, and Fulton Street in Brooklyn, with restaurants, cafés, specialty shops, and everyday services nearby. Herbert Von King Park, Fort Greene Park, the Brooklyn Museum, and the Brooklyn Botanic Garden are among the surrounding destinations. Transit access includes the G train at Bedford-Nostrand Avenue and the A/C trains along Fulton Street.
Key Highlights
- Renovated three‑unit townhouse totaling 3,462 square feet
- Four‑story configuration with a garden duplex and two upper floor‑through apartments
- Garden duplex includes a deck, expansive rear yard, and in‑unit laundry
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
$121,245
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
3.88%
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%
$2,424,900
$2.4M
Cap Rate 7%
$1,732,071
$1.7M
Cap Rate 9%
$1,347,167
$1.3M
Market Conditions
NOI Build-Up for 3,462 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
$176.6K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$173.2K $50.03/SF
− OpEx
−$52.0K −$15.01/SF
NOI
$121.2K $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%
$2,424,900
Cap Rate 7%
$1,732,071
Cap Rate 9%
$1,347,167
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.52M – $2.02M
NOI $121,245 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,691 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.34M
NOI $200,658 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,754
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
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 - Four-story residential property with private outdoor space, in-unit laundry, and two leased upper-floor apartments.
Where is this triplex located?
The property is located at 286 CLIFTON Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Renovated three‑unit townhouse totaling 3,462 square feet; Four‑story configuration with a garden duplex and two upper floor‑through apartments; Garden duplex includes a deck, expansive rear yard, and in‑unit laundry
