Triplex with Private
New
For Sale
$1,899,999
350 77th Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size2,716 SF
Lot Size0.09 Acres
Price / SF$699.56
Days on Market3
Property Features for 350 77th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Garage - Detached
Interior features
Dryer, Refrigerator, Stove, Terrace, Washer
Subdivision
Bay Ridge
Standard status
Active
Size
2,716 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10533
Amenities
laundry facilities
balcony
Building Details
Floors in Building
3
Number of units
4
Flooring type
Tile, Hardwood, Laminate
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Nicole Cronin
(718) 612-3088
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 2:06AM
MLS# 504096
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 2,716-square-foot triplex includes three residential units plus a full walk-in basement. The third-floor apartment has one bedroom, a 3/4 bathroom, and a walk-in closet. Two-bedroom layouts occupy both the second and main floors, with one full bathroom in each; the second-floor unit also includes a front balcony. The basement adds a bedroom, laundry facilities, a 3/4 bathroom, and storage space.
A private driveway extends along the house and provides parking for up to three vehicles, complemented by a detached garage. The property is to be delivered vacant and carries R4A zoning. Interior features include a washer, dryer, refrigerator, stove, terrace, and a combination of tile, hardwood, and laminate flooring. Wood-frame construction and a shingle roof complete the existing improvements.
A private driveway extends along the house and provides parking for up to three vehicles, complemented by a detached garage. The property is to be delivered vacant and carries R4A zoning. Interior features include a washer, dryer, refrigerator, stove, terrace, and a combination of tile, hardwood, and laminate flooring. Wood-frame construction and a shingle roof complete the existing improvements.
Key Highlights
- Three residential units plus a full walk‑in basement
- 2,716 square feet of property size on 0.0879 acres
- Private driveway with parking for up to 3 vehicles
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
$95,119
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
5.01%
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%
$1,902,380
$1.9M
Cap Rate 7%
$1,358,843
$1.4M
Cap Rate 9%
$1,056,878
$1.1M
Market Conditions
NOI Build-Up for 2,716 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
$138.5K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$135.9K $50.03/SF
− OpEx
−$40.8K −$15.01/SF
NOI
$95.1K $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%
$1,902,380
Cap Rate 7%
$1,358,843
Cap Rate 9%
$1,056,878
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,119 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,917 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,419 @ 7.0% cap · market cap 8.29%
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
4,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 - Vacant three-unit property with a detached garage, basement storage, and flexible bedroom layouts.
Where is this triplex located?
The property is located at 350 77th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Three residential units plus a full walk‑in basement; 2,716 square feet of property size on 0.0879 acres; Private driveway with parking for up to 3 vehicles
