Penthouse Triplex with Private
For Sale
$1,250,000
2921 BRIGHTON 1ST Street 7, Brooklyn, NY 11235
Penthouse triplex with three bedrooms, three baths, private elevator to the 7th floor, and heated floors.
Property Size1,600 SF
Price / SF$781.25
Days on Market17
Property Features for 2921 BRIGHTON 1ST Street 7
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
1
Property subtype
Triplex
Amenities
video intercom
in unit washer/dryer
heated floors
skylights
floor to ceiling windows
private elevator
storage space
shed
5 distinct outdoor spaces
Building Details
Building Size
1,600 SF
Year Built
2018
Listing Agency:
Corcoran Group
(917) 279-5226
Listed By:
Arlyne M Blitz · License #30BL0411393 (NY)
(917) 279-5226
Source:
Carlinwright
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 11 at 1:01PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 3-bedroom, 3-bath penthouse triplex offers 1,600 SF of bright, flexible living with 13-foot living room ceilings, floor-to-ceiling windows, skylights, and heated floors. The layout includes two en-suite bedrooms, with the primary featuring two large closets plus a closet nook and a balcony. The second bedroom includes a large private terrace, and the unit also provides generous closet space, in-unit washer/dryer, and additional storage including a shed. Enjoy multiple outdoor areas totaling five distinct spaces.
A private elevator provides direct access to the 7th floor, and the home includes a garage spot. The building features a video intercom, and pets are allowed. Showings begin August 15.
Convenient to the waterfront, the boardwalk and beach are about a 10-minute walk away. The aquarium and Coney Island are nearby, and dining is accessible at the corner. Transit includes a 7-minute walk to the Q train, with additional access to the B and F lines.
A private elevator provides direct access to the 7th floor, and the home includes a garage spot. The building features a video intercom, and pets are allowed. Showings begin August 15.
Convenient to the waterfront, the boardwalk and beach are about a 10-minute walk away. The aquarium and Coney Island are nearby, and dining is accessible at the corner. Transit includes a 7-minute walk to the Q train, with additional access to the B and F lines.
Key Highlights
- 1,600 SF penthouse triplex with three bedrooms and three baths
- Private elevator to the 7th floor plus a garage spot
- 13‑foot living room ceilings and floor‑to‑ceiling windows
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
$56,035
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
4.48%
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%
$1,120,700
$1.1M
Cap Rate 7%
$800,500
$800.5K
Cap Rate 9%
$622,611
$622.6K
Market Conditions
NOI Build-Up for 1,600 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
$81.6K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$80.0K $50.03/SF
− OpEx
−$24.0K −$15.01/SF
NOI
$56.0K $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%
$1,120,700
Cap Rate 7%
$800,500
Cap Rate 9%
$622,611
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,023
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 - Penthouse triplex with three bedrooms, three baths, private elevator to the 7th floor, and heated floors.
Where is this triplex located?
The property is located at 2921 BRIGHTON 1ST Street 7 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1,600 SF penthouse triplex with three bedrooms and three baths; Private elevator to the 7th floor plus a garage spot; 13‑foot living room ceilings and floor‑to‑ceiling windows
