Three-Unit Townhouse with Private
For Sale
$3,580,000
360 S 3RD ST, Brooklyn, NY 11211
Residential Income, Brooklyn, NY
Property Size4,960 SF
Lot Size0.05 Acres
Price / SF$721.77
Days on Market100
Property Features for 360 S 3RD ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 6, Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 2, Laundry Room, Bedroom 6
Parking features
Carport
Subdivision
Southside
Directions
Three blocks from the Hewes St M & J train stop, three blocks from the Williamsburg Bridge, and seven blocks from the Lorimer L train stop.
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8932
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
shared rooftop
private balconies
fully finished basement
Building Details
Year built
2000
Floors in Building
4
Flooring type
Hardwood
Building materials
Masonite
Roof type
Rubber
Architectural style
Other
Listing Agency:
TRADEMARKO REALTY INC
(718) 502-5141
Listed By:
Peter Nowik · License #10401329596
(718) 381-7715
Added: Jun 4
Changed: Sep 5
Last Checked: Sep 11 at 2:06AM
MLS# 11800990
Copyright © 2026 My State MLS. 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 legal three-family townhouse contains approximately 4,960 square feet and was built in 2000, with renovation and expansion completed in 2011. The first and second floors each offer a two-bedroom, two-bathroom apartment with an open kitchen and large living room; the second-floor unit also includes a private balcony. The third and fourth floors form a three-bedroom, four-bathroom duplex with another private balcony. Shared amenities include rooftop access, a fully finished basement, and a gated driveway with parking for up to three vehicles.
The property is located at 360 S 3RD ST in Brooklyn, three blocks from the Hewes Street M & J trains and the Williamsburg Bridge, and seven blocks from the Lorimer Street L train. Public water service, hardwood flooring, hot-water baseboard heating, natural gas, and a rubber roof are reported.
The property is located at 360 S 3RD ST in Brooklyn, three blocks from the Hewes Street M & J trains and the Williamsburg Bridge, and seven blocks from the Lorimer Street L train. Public water service, hardwood flooring, hot-water baseboard heating, natural gas, and a rubber roof are reported.
Key Highlights
- Legal three‑family townhouse with approximately 4,960 square feet
- Unit layout includes two 2‑bedroom, 2‑bathroom apartments and a 3‑bedroom, 4‑bathroom duplex
- Renovated and expanded in 2011 after construction in 2000
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
$173,708
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
4.85%
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%
$3,474,160
$3.5M
Cap Rate 7%
$2,481,543
$2.5M
Cap Rate 9%
$1,930,089
$1.9M
Market Conditions
NOI Build-Up for 4,960 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
$253.0K $51.00/SF
− Vacancy
−$4.8K −$0.97/SF
EGI
$248.2K $50.03/SF
− OpEx
−$74.4K −$15.01/SF
NOI
$173.7K $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%
$3,474,160
Cap Rate 7%
$2,481,543
Cap Rate 9%
$1,930,089
Alternative Uses
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.90M
NOI $173,708 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,424 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$4.11M
$3.59M – $4.79M
NOI $287,482 @ 7.0% cap · market cap 8.03%
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
8,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
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 - Legal income property with private balconies, shared rooftop access, and a gated driveway.
Where is this triplex located?
The property is located at 360 S 3RD ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,580,000.
What are key features of this property?
This property features: Legal three‑family townhouse with approximately 4,960 square feet; Unit layout includes two 2‑bedroom, 2‑bathroom apartments and a 3‑bedroom, 4‑bathroom duplex; Renovated and expanded in 2011 after construction in 2000
