Vacant Triplex with Private
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 Market36
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 2, Bathroom 3, Bathroom 4, Bathroom 1
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
11305
Amenities
front balcony
laundry facilities
Building Details
Floors in Building
3
Number of units
3
Flooring type
Laminate, Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle, Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Nicole Cronin
(718) 612-3088
Added: Aug 27
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
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 R4A-zoned triplex contains three residential units across 2,716 square feet, with delivery planned in vacant condition. The top-floor apartment includes one bedroom, a three-quarter bath, and a walk-in closet. The second level provides two bedrooms, one full bath, and a front balcony, while the main floor offers two bedrooms, one full bath, and strong natural light. A full walk-in basement adds an extra room, laundry facilities, a three-quarter bath, and storage. Interior features include a washer, dryer, refrigerator, stove, hardwood, laminate, and tile flooring.
A private driveway extends along the property to a detached garage and accommodates up to 3 vehicles. The property sits near the R train, B4 bus service, and the X27 and X37 express buses serving Manhattan. The parcel measures 0.0879 acres and includes a shingle and asphalt roof with wood-frame construction.
A private driveway extends along the property to a detached garage and accommodates up to 3 vehicles. The property sits near the R train, B4 bus service, and the X27 and X37 express buses serving Manhattan. The parcel measures 0.0879 acres and includes a shingle and asphalt roof with wood-frame construction.
Key Highlights
- Three‑unit residential property totaling 2,716 square feet
- R4A zoning on a 0.0879‑acre parcel
- Private driveway and detached garage 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 offer flexible living arrangements, a basement, balcony, and detached garage.
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‑unit residential property totaling 2,716 square feet; R4A zoning on a 0.0879‑acre parcel; Private driveway and detached garage with parking for up to 3 vehicles
