Brick
New
For Sale
$1,075,000
319 48th St, Brooklyn, NY 11220
Three independent apartments each have two bedrooms and one full bathroom.
Property Size2,232 SF
Lot Size0.04 Acres
Days on Market5
Property Features for 319 48th St
General Information
Standard status
Active
Size
2,232 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,267
Building Details
Building Size
2,232 SF
Year Built
1910
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Mei Hua (Michelle) Dong · License #10401364256
(718) 612-3088
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 10:31AM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
This three-family brick property at 319 48th Street in Brooklyn contains three residential units, each arranged with two bedrooms and one full bathroom. A finished basement provides additional interior space. The building dates to 1910 and is scheduled for delivery vacant at closing.
The property is in Sunset Park, near neighborhood shops, supermarkets, restaurants, and other daily services. Public transportation connects the area with destinations across Brooklyn and Manhattan. The property has a Walk Score of 91 and a Transit Score of 89.
The property is in Sunset Park, near neighborhood shops, supermarkets, restaurants, and other daily services. Public transportation connects the area with destinations across Brooklyn and Manhattan. The property has a Walk Score of 91 and a Transit Score of 89.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 full bathroom
- Finished basement
- Building dimensions: 16 x 45; lot dimensions: 16 x 100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,457
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,140
$1.3M
Cap Rate 7%
$949,386
$949.4K
Cap Rate 9%
$738,411
$738.4K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$99.1K $44.40/SF
− Vacancy
−$4.2K −$1.86/SF
EGI
$94.9K $42.54/SF
− OpEx
−$28.5K −$12.76/SF
NOI
$66.5K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,140
Cap Rate 7%
$949,386
Cap Rate 9%
$738,411
Alternative Uses
Best Use
Multifamily LT 5
$949.4K
$830.7K – $1.11M
NOI $66,457 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$850.3K
$744.0K – $992.0K
NOI $59,520 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,286 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three independent apartments each have two bedrooms and one full bathroom.
Where is this triplex located?
The property is located at 319 48th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 full bathroom; Finished basement; Building dimensions: 16 x 45; lot dimensions: 16 x 100
