Brick Three-Family
New
For Sale
$1,075,000
319 48th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,232 SF
Lot Size0.04 Acres
Price / SF$481.63
Days on Market1
Property Features for 319 48th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,232 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5267
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Mei Hua (Michelle) Dong · License #10401364256
(929) 688-0882
Added: Oct 13
Last Checked: Oct 13 at 10:06PM
MLS# 505290
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 residential units, each laid out with two bedrooms and one full bathroom. The building measures 16 by 45 feet, with a finished basement, tile and hardwood flooring, and a flat roof. Interior appliances include a refrigerator and stove. The property was built in 1910 and is zoned R6B.
The lot measures 16 by 100 feet and totals 0.0368 acres. Located on 48th Street in Brooklyn’s Sunset Park neighborhood, the property has access to nearby shopping, dining, public transportation, parks, schools, and community amenities. Delivery is scheduled to be vacant at closing.
The lot measures 16 by 100 feet and totals 0.0368 acres. Located on 48th Street in Brooklyn’s Sunset Park neighborhood, the property has access to nearby shopping, dining, public transportation, parks, schools, and community amenities. Delivery is scheduled to be vacant at closing.
Key Highlights
- Three residential units, each with two bedrooms and one full bathroom
- Brick construction; built in 1910
- Building dimensions: 16 x 45 feet; lot dimensions: 16 x 100 feet
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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are scheduled for vacant delivery at closing.
Where is this triplex located?
The property is located at 319 48th Street 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 two bedrooms and one full bathroom; Brick construction; built in 1910; Building dimensions: 16 x 45 feet; lot dimensions: 16 x 100 feet
