Brooklyn Three-Family Brick
318 Linden St Brooklyn, NY 11237
318 Linden St, Brooklyn, NY, 11237
$1,499,000
Pending
For Sale
$1,499,000
Pending
Spacious 3-family home near transit and amenities.
Property Size3,021 SF
Lot Size0.04 Acres
Days on Market86
Property Features for 318 Linden St
General Information
- Standard status
- Pending
- Size
- 3,021 SF
- Lot size
- 0.04 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1931
Listing agency
(347) 204-4689
Listed by
Nina Gallo
(347) 204-4689
Source
Elliman
Added: Apr 28 Updated: Jul 10 at 1:29PM Checked: Jul 22 at 10:59AM
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 Nina Gallo
Investment Insights
Based on property information with market context.
This impressive three-family brick home provides over 3,000 square feet of living space. The property features three full residences, totaling eight bedrooms, three kitchens, and three bathrooms. The building includes a finished basement, suitable for additional living or recreational space, and a private backyard. The property is located in a convenient area bordering Ridgewood and Bushwick, approximately two blocks from the M and L trains at Myrtle Avenue–Wyckoff, with shopping, buses, and other everyday amenities within walking distance. The roof is 7 years old, the hot water heater is 2 years old, and the gas boiler is 20 years old. The lot size is 19.5 x 79.5, and the building size is 19 x 53, totaling 3,021 square feet. The location has a bike score of 80, indicating it is very bikeable, a walk score of 92, indicating it is a walker's paradise, and a transit score of 98, indicating it is a rider's paradise. The property has four electric meters and three gas meters. It is suitable for investors seeking rental income or end-users looking for flexibility.
Key Highlights
- Prime location: Borders Ridgewood and Bushwick, near M & L trains (Myrtle Avenue–Wyckoff).
- Strong income potential: Three‑family brick home with 3 separate units (8 bedrooms, 3 kitchens, 3 bathrooms).
- Large living space: Over 3,000 sq ft with a finished basement.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.1k | $56.64 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $167.7k | $55.51 |
| − OpEx | −$75.5k | −$24.98 |
| NOI | $92.2k | $30.53 |
3,021 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,228 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,097 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Spacious 3-family home near transit and amenities.
Where is this multifamily property located?
The property is located at 318 Linden St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime location: Borders Ridgewood and Bushwick, near M & L trains (Myrtle Avenue–Wyckoff).; Strong income potential: Three‑family brick home with 3 separate units (8 bedrooms, 3 kitchens, 3 bathrooms).; Large living space: Over 3,000 sq ft with a finished basement.
