Brick Triplex with Private
For Sale
$1,288,888
326 39th Street, Brooklyn, NY 11232
MULTI_FAMILY - Brooklyn, NY
Property Size1,740 SF
Lot Size0.04 Acres
Price / SF$740.74
Days on Market285
Property Features for 326 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 5
Interior features
Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
1,740 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4350
Amenities
private yard
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Linoleum
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Athanasia DiMaggio
(718) 532-2000
Added: Nov 10, 2025
Changed: Aug 5
Last Checked: Aug 22 at 1:06AM
MLS# 497246
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 offers a three-unit setup with a consistent functional layout, and each floor provides a 2-bedroom, 1-bath configuration with open eat-in kitchens and living rooms. The building includes a full basement and a private yard with outdoor space. Interior finishes include hardwood and linoleum flooring, and the property features a stove. Constructed in 1910, the building has a flat roof.
Zoned M1-2, the property is located at 326 39th Street in Brooklyn (11232). Public transit access is described as being just minutes from major bus routes and the N/R subway lines at 36th Street, with Industry City noted as nearby. The surrounding area is described as offering retail shops, banks, cafes, restaurants, and local businesses.
The space is presented as suitable for owner-occupancy, extended family use, or investment income, with the private outdoor area supporting day-to-day livability.
Zoned M1-2, the property is located at 326 39th Street in Brooklyn (11232). Public transit access is described as being just minutes from major bus routes and the N/R subway lines at 36th Street, with Industry City noted as nearby. The surrounding area is described as offering retail shops, banks, cafes, restaurants, and local businesses.
The space is presented as suitable for owner-occupancy, extended family use, or investment income, with the private outdoor area supporting day-to-day livability.
Key Highlights
- Three‑unit brick triplex with a private yard and outdoor space
- Zoned M1‑2
- Full basement plus flat roof
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
$60,938
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
4.73%
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%
$1,218,760
$1.2M
Cap Rate 7%
$870,543
$870.5K
Cap Rate 9%
$677,089
$677.1K
Market Conditions
NOI Build-Up for 1,740 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
$88.7K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$87.1K $50.03/SF
− OpEx
−$26.1K −$15.01/SF
NOI
$60.9K $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 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%
$1,218,760
Cap Rate 7%
$870,543
Cap Rate 9%
$677,089
Alternative Uses
Best Use
Multifamily LT 5
$870.5K
$761.7K – $1.02M
NOI $60,938 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$758.9K
$664.0K – $885.3K
NOI $53,120 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,850 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit brick triplex zoned M1-2, built 1910, with private yard and flat roof.
Where is this triplex located?
The property is located at 326 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Three‑unit brick triplex with a private yard and outdoor space; Zoned M1‑2; Full basement plus flat roof
