Vacant Triplex
For Sale
$1,300,000
Pending
298 Schenectady Ave, Brooklyn, NY 11213
Legal three-family property delivered vacant with renovation and repositioning flexibility.
Property Size3,375 SF
Days on Market71
Property Features for 298 Schenectady Ave
General Information
Standard status
Pending
Size
3,375 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,784
Building Details
Building Size
3,375 SF
Year Built
1945
Stories
3
Units
3
Listing Agency:
Compass
Listed By:
Jeffrey M Montana
(917) 309-4602
Source:
Elliman
Added: Aug 13
Changed: Oct 21
Last Checked: Oct 20 at 9:27PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal three-family residence offers approximately 3,375 square feet across a multifamily configuration and will be delivered fully vacant. The clear occupancy status allows the next owner to evaluate renovation, repositioning, or end-user plans without existing tenancy in place.
Located at 298 Schenectady Ave in Brooklyn, NY 11213, the property scores 88 for walkability, rated Very Walkable. Its BikeScore is 74, rated Very Bikeable, while the transit score is 98, identified as Rider's Paradise. These transportation ratings provide useful context for evaluating the property’s urban accessibility.
Located at 298 Schenectady Ave in Brooklyn, NY 11213, the property scores 88 for walkability, rated Very Walkable. Its BikeScore is 74, rated Very Bikeable, while the transit score is 98, identified as Rider's Paradise. These transportation ratings provide useful context for evaluating the property’s urban accessibility.
Key Highlights
- Legal three‑family residence
- Approximately 3,375 square feet
- Delivered fully vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,198
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,363,960
$2.4M
Cap Rate 7%
$1,688,543
$1.7M
Cap Rate 9%
$1,313,311
$1.3M
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$172.1K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$168.9K $50.03/SF
− OpEx
−$50.7K −$15.01/SF
NOI
$118.2K $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 Rate 5%
$2,363,960
Cap Rate 7%
$1,688,543
Cap Rate 9%
$1,313,311
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,198 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,035 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$2.79M
$2.45M – $3.26M
NOI $195,615 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property delivered vacant with renovation and repositioning flexibility.
Where is this triplex located?
The property is located at 298 Schenectady Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Legal three‑family residence; Approximately 3,375 square feet; Delivered fully vacant
