Brick Triplex with Private
3811 Kings Highway, Brooklyn, NY 11234
For Sale
New
$999,000
Residential, Brooklyn, NY
Property Size940 SF
Lot Size0.04 Acres
Price / SF$1,062
Days on Market4
Property Features for 3811 Kings Highway
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Ilite Realty Inc
Listed By:
Ayzik Nasimov
(718) 975-0555
Added: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 505972
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.
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Investment Insights
Based on property information with market context.
This 1940 brick triplex contains three apartments across a 940-square-foot building. The ground-level unit has one bedroom and one bathroom. Upstairs, a larger one-bedroom apartment includes separate living and dining areas, a kitchen, and a full bathroom; the top-floor unit has two bedrooms, a kitchen, and a full bathroom. Hardwood and tile flooring, window air-conditioning, and electric heat and hot water are among the interior features. A fenced backyard and carport parking for one vehicle are also provided.
The property is on Kings Highway in Brooklyn’s Flatlands area, near Kings Plaza Shopping Center, local shops and restaurants, and transit connections to the 2 and 5 subway lines. The 0.039-acre lot measures 20 feet by 85 feet, and the building measures 20 feet by 47 feet. Zoning is R5.
The property is on Kings Highway in Brooklyn’s Flatlands area, near Kings Plaza Shopping Center, local shops and restaurants, and transit connections to the 2 and 5 subway lines. The 0.039-acre lot measures 20 feet by 85 feet, and the building measures 20 feet by 47 feet. Zoning is R5.
Key Highlights
- Three apartments: two one‑bedroom units and one two‑bedroom unit
- 940‑square‑foot building on a 0.039‑acre lot
- Building measures 20 feet by 47 feet; lot measures 20 feet by 85 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,920
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,400
$658.4K
Cap Rate 7%
$470,286
$470.3K
Cap Rate 9%
$365,778
$365.8K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$47.9K $51.00/SF
− Vacancy
−$911 −$0.97/SF
EGI
$47.0K $50.03/SF
− OpEx
−$14.1K −$15.01/SF
NOI
$32.9K $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 Rate 5%
$658,400
Cap Rate 7%
$470,286
Cap Rate 9%
$365,778
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.5K – $548.7K
NOI $32,920 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$410.0K
$358.7K – $478.3K
NOI $28,697 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$778.3K
$681.0K – $908.0K
NOI $54,482 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,827
Businesses Nearby
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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
$746,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartment layouts are complemented by a fenced backyard and a carport for one vehicle.
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 $999,000.
What are key features of this property?
This property features: Three apartments: two one‑bedroom units and one two‑bedroom unit; 940‑square‑foot building on a 0.039‑acre lot; Building measures 20 feet by 47 feet; lot measures 20 feet by 85 feet
