Three-Unit Brick
For Sale
$1,580,000
2928 86th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size3,630 SF
Lot Size0.08 Acres
Price / SF$435.26
Days on Market141
Property Features for 2928 86th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 5, Bedroom 7, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Garage
Subdivision
Gravesend
Standard status
Active
Size
3,630 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
12721
Building Details
Year built
1965
Floors in Building
3
Number of units
3
Building materials
Brick
Roof type
Flat
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Xiao Hua (Jessie) Zhou
(718) 872-5522
Added: Jun 8
Changed: Oct 20
Last Checked: Oct 26 at 7:06PM
MLS# 502085
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.
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Investment Insights
Based on property information with market context.
This semi-detached three-family property occupies a 32' x 115' lot and contains 3,630 square feet across three above-ground stories. The 24' x 55' brick building was constructed in 1965 and includes eight bedrooms and six bathrooms. A flat roof, private driveway, garage, and additional parking contribute to the property's physical configuration.
Located at 2928 86th Street in Brooklyn, the property is near shopping, dining, schools, and public transportation. Access to the N and F subway lines adds transit connectivity. The R5 zoning designation and three-family layout support both owner-occupant and rental-oriented use considerations.
Located at 2928 86th Street in Brooklyn, the property is near shopping, dining, schools, and public transportation. Access to the N and F subway lines adds transit connectivity. The R5 zoning designation and three-family layout support both owner-occupant and rental-oriented use considerations.
Key Highlights
- Three‑family, three‑story building with 3,630 square feet
- 32' x 115' lot with a 24' x 55' building footprint
- Eight bedrooms and six bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,129
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,542,580
$2.5M
Cap Rate 7%
$1,816,129
$1.8M
Cap Rate 9%
$1,412,544
$1.4M
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$185.1K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$181.6K $50.03/SF
− OpEx
−$54.5K −$15.01/SF
NOI
$127.1K $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%
$2,542,580
Cap Rate 7%
$1,816,129
Cap Rate 9%
$1,412,544
Alternative Uses
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,129 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$1.58M
$1.39M – $1.85M
NOI $110,820 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,395 @ 7.0% cap · market cap 13.32%
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-story brick residence with garage parking, private driveway, and R5 zoning.
Where is this triplex located?
The property is located at 2928 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Three‑family, three‑story building with 3,630 square feet; 32' x 115' lot with a 24' x 55' building footprint; Eight bedrooms and six bathrooms
