East Flatbush Three-Family Brick
3515 Newkirk Avenue, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property size:
3,420 SFLot size:
0.03 AcresPrice / SF:
$423/SF- Added:
- Mar 23, 2026
- Days on Market:
- 56
- Last Refresh:
- May 17 at 7:06 pm
Property Features for 3515 Newkirk Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 6
- Parking features
- Garage
- Interior features
- Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 3,420 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9227
Building Details
- Year built
- 2006
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Douglas E. Beaton (718) 368-2500
Listing office BHHS Fillmore R.E. 4717 Avenue N, Brooklyn, NY (718) 377-6161
Listing date Mar 23, 2026
MLS# 499892
Listing URL
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.
HighLights
- Three‑family brick home in East Flatbush: Ideal for homeowners or investors.
- Features two 3BR/2BA units and one 1BR/1BA apartment.
- Hardwood floors throughout the building.
- Finished basement with a separate entrance.
- Includes a built‑in garage.
- Convenient location near transportation, shopping, restaurants, Brooklyn College, and Kings Theater.
Overview
This three-family brick home is located in East Flatbush. The property contains generous living spaces across three floors. The building features two 3-bedroom, 2-bathroom units on the second and third floors, and a 1-bedroom, 1-bathroom apartment on the first floor. Hardwood floors are installed throughout the building. The property also features a finished basement with a separate entrance, three boilers, three hot water heaters, and a built-in garage. The lot size is 0.0317 acres. The property offers an opportunity for both homeowners and investors. It is located near transportation, shopping, restaurants, Brooklyn College, and the Kings Theater. The property size is 3,420 square feet. The zoning is R6.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.33M
NOI $119,774 @ 9.00% cap · cautious / downside scenario
Moderate
$1.71M
NOI $119,774 @ 7.00% cap · market / base-case scenario
Aggressive
$2.40M
NOI $119,774 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.4k | $51.00 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $171.1k | $50.03 |
| − OpEx | −$51.3k | −$15.01 |
| NOI | $119.8k | $35.02 |
3,420 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.71M
$1.50M – $2.00M
NOI $119,774 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,409 @ 7.0% cap · market cap 7.20%
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,223 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.943041
- Latitude
- 40.640498
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family brick home in East Flatbush with spacious living spaces.
Where is this triplex located?
The property is located at 3515 Newkirk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three‑family brick home in East Flatbush: Ideal for homeowners or investors.; Features two 3BR/2BA units and one 1BR/1BA apartment.; Hardwood floors throughout the building.
