Legal Three-Family Townhouse
For Sale
$1,750,000
383 KOSCIUSZKO Street, Brooklyn, NY 11221
Legal three-family townhouse with three-bedroom, one-bath units on top and garden levels plus parlor-level design flexibility.
Property Size3,519 SF
Price / SF$497.30
Days on Market102
Property Features for 383 KOSCIUSZKO Street
General Information
Standard status
Active
Size
3,519 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,104
Building Details
Building Size
3,519 SF
Year Built
1899
Listing Agency:
Serhant
Listed By:
Abigail Palanca
(718) 938-7308
Source:
Miradorrealestate
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 24 at 11:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
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Investment Insights
Based on property information with market context.
This legal three-family townhouse offers a flexible interior layout for a range of living and income scenarios. The top and garden levels each feature three-bedroom, one-bath configurations, while the parlor floor presents additional space that can be designed to fit your needs. The property sits on an exceptionally wide 19.25-foot lot and includes approximately 3,519 square feet, along with more than 2,100 square feet of untapped buildable potential for reconfiguration or expansion.
Located in Bed-Stuy on a tree-lined block, the home is described as walkable with a 92 Walk Score and very bikeable with an 87 Bike Score. The transit score is listed at 96 (Rider’s Paradise), with the J, M, and Z trains nearby and convenient access to the G train for commuting within Brooklyn and Manhattan.
The overall configuration supports maintaining the three residences as an income-producing property or reworking the layout to create an owner’s duplex while keeping rental income in place.
Located in Bed-Stuy on a tree-lined block, the home is described as walkable with a 92 Walk Score and very bikeable with an 87 Bike Score. The transit score is listed at 96 (Rider’s Paradise), with the J, M, and Z trains nearby and convenient access to the G train for commuting within Brooklyn and Manhattan.
The overall configuration supports maintaining the three residences as an income-producing property or reworking the layout to create an owner’s duplex while keeping rental income in place.
Key Highlights
- Legal three‑family townhouse on a 19.25‑foot wide lot with approximately 3,519 sq ft
- Top and garden levels each feature a 3‑bedroom, 1‑bath layout
- Parlor‑floor level offers design flexibility for your preferred home layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,241
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,820
$2.5M
Cap Rate 7%
$1,760,586
$1.8M
Cap Rate 9%
$1,369,344
$1.4M
Market Conditions
NOI Build-Up for 3,519 SF
Gross rent
$179.5K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$176.1K $50.03/SF
− OpEx
−$52.8K −$15.01/SF
NOI
$123.2K $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%
$2,464,820
Cap Rate 7%
$1,760,586
Cap Rate 9%
$1,369,344
Alternative Uses
Best Use
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $123,241 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,431 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,961 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,877
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family townhouse with three-bedroom, one-bath units on top and garden levels plus parlor-level design flexibility.
Where is this triplex located?
The property is located at 383 KOSCIUSZKO Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Legal three‑family townhouse on a 19.25‑foot wide lot with approximately 3,519 sq ft; Top and garden levels each feature a 3‑bedroom, 1‑bath layout; Parlor‑floor level offers design flexibility for your preferred home layout
