Brick Triplex with Private
For Sale
$999,999
3811 Kings Highway, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size2,660 SF
Lot Size0.04 Acres
Price / SF$375.94
Days on Market112
Property Features for 3811 Kings Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Parking features
Carport
Interior features
Microwave, Refrigerator, Stove
Subdivision
Flatlands
Standard status
Active
Size
2,660 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
9000
Amenities
backyard/sitting area
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
Century 21 MK Realty
Listed By:
Nouri Chalouh
(718) 627-7390
Added: Jun 12
Changed: Sep 15
Last Checked: Oct 1 at 4:06PM
MLS# 502260
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.
Built in 1940, this 2,660-square-foot brick triplex contains three apartments. The unit mix includes two one-bedroom residences and one two-bedroom residence, each with one full bathroom. The first-floor apartment also offers a spacious living room and full kitchen, while the second-floor unit includes a full kitchen. Hardwood and tile flooring, along with a rubber roof, are among the property features.
The property includes a carport with space for 1 vehicle and a backyard sitting area. Located at 3811 Kings Highway in Brooklyn, the building occupies a 20' x 85' lot and measures 20' x 47'. R5 zoning applies to the property.
The property includes a carport with space for 1 vehicle and a backyard sitting area. Located at 3811 Kings Highway in Brooklyn, the building occupies a 20' x 85' lot and measures 20' x 47'. R5 zoning applies to the property.
Key Highlights
- Three‑unit brick multifamily property built in 1940
- 2,660 Square Feet building on a 20' x 85' lot
- Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment
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
$81,207
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
8.12%
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%
$1,624,140
$1.6M
Cap Rate 7%
$1,160,100
$1.2M
Cap Rate 9%
$902,300
$902.3K
Market Conditions
NOI Build-Up for 2,660 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
$150.7K $56.64/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$147.6K $55.51/SF
− OpEx
−$66.4K −$24.98/SF
NOI
$81.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,624,140
Cap Rate 7%
$1,160,100
Cap Rate 9%
$902,300
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $93,158 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,207 @ 7.0% cap · market cap 8.12%
Theoretical Best
Specialty Retail
$2.20M
$1.93M – $2.57M
NOI $154,174 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
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 include private parking and a backyard sitting area.
Where is this triplex located?
The property is located at 3811 Kings Highway Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three‑unit brick multifamily property built in 1940; 2,660 Square Feet building on a 20' x 85' lot; Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment
