Three-Unit Brick
For Sale
$899,000
3024 Brighton 6th Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size2,368 SF
Lot Size0.05 Acres
Price / SF$379.65
Days on Market164
Property Features for 3024 Brighton 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Brighton Beach
Standard status
Active
Size
2,368 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5453
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(347) 575-1849
Added: Apr 21
Changed: Sep 16
Last Checked: Oct 1 at 4:06PM
MLS# 500620
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.
Investment Insights
Based on property information with market context.
This brick triplex contains three two-bedroom residential units and is currently fully occupied. The property includes a finished full basement with separate access, a shared driveway, and a detached garage. Hardwood and tile flooring, along with refrigerators and stoves, are among the listed interior features. Built in 1925, the building is situated on an approximately 20 x 100 lot and carries R6 zoning.
The property is located at 3024 Brighton 6th Street in Brooklyn, near Brighton Beach Avenue. Shopping, restaurants, banks, and everyday services are nearby, while the B and Q subway lines provide transit connections through Brooklyn and to Manhattan. The property size is listed as 2368 square feet, and the source information reports an estimated cap rate exceeding 7.5%.
The property is located at 3024 Brighton 6th Street in Brooklyn, near Brighton Beach Avenue. Shopping, restaurants, banks, and everyday services are nearby, while the B and Q subway lines provide transit connections through Brooklyn and to Manhattan. The property size is listed as 2368 square feet, and the source information reports an estimated cap rate exceeding 7.5%.
Key Highlights
- Three two‑bedroom units in a fully occupied triplex
- Finished full basement with access
- Detached garage and shared driveway
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
$72,293
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
8.04%
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%
$1,445,860
$1.4M
Cap Rate 7%
$1,032,757
$1.0M
Cap Rate 9%
$803,256
$803.3K
Market Conditions
NOI Build-Up for 2,368 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
$134.1K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$131.4K $55.51/SF
− OpEx
−$59.1K −$24.98/SF
NOI
$72.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,445,860
Cap Rate 7%
$1,032,757
Cap Rate 9%
$803,256
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,931 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$1.03M
$903.7K – $1.20M
NOI $72,293 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,249 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,872
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential property with a finished basement, shared driveway, and detached garage.
Where is this triplex located?
The property is located at 3024 Brighton 6th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three two‑bedroom units in a fully occupied triplex; Finished full basement with access; Detached garage and shared driveway
