Brick Triplex
New
For Sale
$3,000,000
3-28 Saint Andrews Pl, Brooklyn, NY 11216
Four levels provide six bedrooms, multiple bathrooms, and a finished lower level.
Property Size3,191 SF
Price / SF$940.14
Days on Market7
Property Features for 3-28 Saint Andrews Pl
General Information
Standard status
Active
Size
3,191 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,805
Building Details
Year Built
2006
Buildings
1
Stories
4
Construction
brick
Listing Agency:
Douglas Elliman Real Estate
(516) 669-3700
Listed By:
Devaykanan Rishudeo · License #10301221517
(917) 470-1053
Source:
Exprealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 2:39AM
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 Douglas Elliman Real Estate
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 brick, four-story triplex residence was built in 2006 and contains approximately 3,191 square feet. The layout includes six bedrooms, four full bathrooms, two powder rooms, and a finished lower level. Its multi-level configuration provides substantial interior space across three residences.
The property is near the Kingston–Throop A/C station and the Nostrand Avenue LIRR station. Fulton Street and Nostrand Avenue offer access to dining, shopping, services, and everyday essentials.
The property is near the Kingston–Throop A/C station and the Nostrand Avenue LIRR station. Fulton Street and Nostrand Avenue offer access to dining, shopping, services, and everyday essentials.
Key Highlights
- Legal three‑family residence with a four‑story brick exterior
- Approximately 3,191 square feet; built in 2006
- Six bedrooms, four full bathrooms, and two powder rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,754
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,080
$2.2M
Cap Rate 7%
$1,596,486
$1.6M
Cap Rate 9%
$1,241,711
$1.2M
Market Conditions
NOI Build-Up for 3,191 SF
Gross rent
$162.7K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$159.6K $50.03/SF
− OpEx
−$47.9K −$15.01/SF
NOI
$111.8K $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%
$2,235,080
Cap Rate 7%
$1,596,486
Cap Rate 9%
$1,241,711
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,754 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,418 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,950 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,793
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
Frequently Asked Questions
What type of property is this?
Triplex - Four levels provide six bedrooms, multiple bathrooms, and a finished lower level.
Where is this triplex located?
The property is located at 3-28 Saint Andrews Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Legal three‑family residence with a four‑story brick exterior; Approximately 3,191 square feet; built in 2006; Six bedrooms, four full bathrooms, and two powder rooms
