Triplex with Private
New
For Sale
$1,295,000
2924 86th St, Brooklyn, NY 11223
Two upper-level residences each offer three bedrooms and two bathrooms, alongside a one-bedroom ground-floor unit.
Property Size3,150 SF
Price / SF$411.11
Days on Market2
Property Features for 2924 86th St
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,038
Building Details
Building Size
3,150 SF
Year Built
1965
Stories
3
Construction
solid brick
Listing Agency:
Remax Real Estate Professionals
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 5:48PM
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 Remax Real Estate Professionals
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Investment Insights
Based on property information with market context.
This three-story brick triplex measures 22 × 53 feet and contains 3,150 square feet. The upper floors each have a three-bedroom, two-bathroom residence; a one-bedroom walk-in unit occupies the first floor. A full basement provides storage space. The home also includes granite kitchens with stainless steel appliances, custom cabinetry, a private driveway, a garage, and a backyard.
Built in 1965, the property is at 2924 86th St in Brooklyn’s Gravesend neighborhood, near shopping and transportation. Its scores are 96 for walking, 86 for transit, and 67 for biking.
Built in 1965, the property is at 2924 86th St in Brooklyn’s Gravesend neighborhood, near shopping and transportation. Its scores are 96 for walking, 86 for transit, and 67 for biking.
Key Highlights
- Three‑story brick building with 3,150 square feet
- Two 3‑bedroom, 2‑bathroom residences plus a 1‑bedroom walk‑in unit
- Building dimensions: 22 × 53 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,318
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,360
$2.2M
Cap Rate 7%
$1,575,971
$1.6M
Cap Rate 9%
$1,225,756
$1.2M
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$160.7K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$157.6K $50.03/SF
− OpEx
−$47.3K −$15.01/SF
NOI
$110.3K $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 Rate 5%
$2,206,360
Cap Rate 7%
$1,575,971
Cap Rate 9%
$1,225,756
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,318 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,166 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,574 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,891
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two upper-level residences each offer three bedrooms and two bathrooms, alongside a one-bedroom ground-floor unit.
Where is this triplex located?
The property is located at 2924 86th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three‑story brick building with 3,150 square feet; Two 3‑bedroom, 2‑bathroom residences plus a 1‑bedroom walk‑in unit; Building dimensions: 22 × 53 feet
