Triplex with Heated Pool and
For Sale
$2,999,999
346 Linden Boulevard, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property Size3,025 SF
Lot Size0.10 Acres
Price / SF$991.74
Days on Market175
Property Features for 346 Linden Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7-1
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 5
Interior features
A/C Unit - Window, Laundry Area, Pool
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
3,025 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9257
Amenities
heated pool
solar panels
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Parquet Wood, Tile
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Victorian
Listing Agency:
MadisonEstates Sothebys Realty
(718) 645-1665
Listed By:
Douglas Daniels
(718) 645-1665
Added: Mar 9
Changed: Aug 3
Last Checked: Aug 30 at 1:06AM
MLS# 499473
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 triplex property is a three-family, wood-frame structure built in 1920 in a Victorian style, with shingle roofing. Interior features include window A/C units and a dedicated laundry area, and flooring consists of parquet wood and tile. The property includes a heated pool and solar panels.
Set on a 36*116 lot, the site is zoned R7-1 and provides a maximum residential FAR of 3.44. The information provided indicates approximately 12,528 buildable square feet, with a maximum buildable potential up to 14,365 square feet, supporting options such as condominiums, community facilities, or a larger apartment building within the residential development framework.
Convenient to public transportation, hospitals, shopping, and neighborhood amenities, the property’s configuration and zoning positioning are suitable for buyers evaluating both residential ownership and redevelopment possibilities.
Set on a 36*116 lot, the site is zoned R7-1 and provides a maximum residential FAR of 3.44. The information provided indicates approximately 12,528 buildable square feet, with a maximum buildable potential up to 14,365 square feet, supporting options such as condominiums, community facilities, or a larger apartment building within the residential development framework.
Convenient to public transportation, hospitals, shopping, and neighborhood amenities, the property’s configuration and zoning positioning are suitable for buyers evaluating both residential ownership and redevelopment possibilities.
Key Highlights
- Three‑family triplex on a 36*116 lot
- Zoned R7‑1; maximum residential FAR of 3.44
- Approximately 12,528 buildable SF; maximum buildable potential up to 14,365 SF
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
$105,941
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
3.53%
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%
$2,118,820
$2.1M
Cap Rate 7%
$1,513,443
$1.5M
Cap Rate 9%
$1,177,122
$1.2M
Market Conditions
NOI Build-Up for 3,025 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
$154.3K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$151.3K $50.03/SF
− OpEx
−$45.4K −$15.01/SF
NOI
$105.9K $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%
$2,118,820
Cap Rate 7%
$1,513,443
Cap Rate 9%
$1,177,122
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,941 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,350 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,329 @ 7.0% cap · market cap 5.84%
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
5,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - Triplex on a 0.0959-acre lot zoned R7-1, featuring a heated pool and solar panels.
Where is this triplex located?
The property is located at 346 Linden Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Three‑family triplex on a 36*116 lot; Zoned R7‑1; maximum residential FAR of 3.44; Approximately 12,528 buildable SF; maximum buildable potential up to 14,365 SF
