Renovated Brick
For Sale
$1,249,000
40 Autumn Avenue, Brooklyn, NY 11208
Three-apartment brick property with high ceilings, formal dining rooms, private driveway, and built-in garage.
Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$466.04
Days on Market28
Property Features for 40 Autumn Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,964
Amenities
high ceilings
formal dining rooms
natural sunlight
original architectural details
private driveway
built-in garage
ductless split
Building Details
Building Size
2,880 SF
Year Built
1960
Buildings
1
Units
2
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
(917) 306-5735
Listed By:
Lian Rong Sun CBR SFR
(917) 306-5735
Source:
Maurafinnegan
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 30 at 5:47PM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
This brick triplex at 40 Autumn Avenue contains 2,680 square feet on a 20X100 lot and was renovated from the studs. The layout includes one 1-bedroom apartment and two 2-bedroom apartments, along with high ceilings, formal dining rooms, natural light, and retained original architectural details. A private driveway and built-in garage add practical functionality, while ductless split systems serve the building.
The property is located in Cypress Hills near the Brooklyn–Queens border, with shopping, schools, public transportation, and major roadways nearby. Built in 1960, the residence combines a three-apartment configuration with updated interiors and traditional brick construction.
The property is located in Cypress Hills near the Brooklyn–Queens border, with shopping, schools, public transportation, and major roadways nearby. Built in 1960, the residence combines a three-apartment configuration with updated interiors and traditional brick construction.
Key Highlights
- Three‑apartment layout with one 1‑bedroom and two 2‑bedroom units
- 2,680‑square‑foot brick building on a 20X100 lot
- Renovated from the studs
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
$68,797
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
5.51%
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%
$1,375,940
$1.4M
Cap Rate 7%
$982,814
$982.8K
Cap Rate 9%
$764,411
$764.4K
Market Conditions
NOI Build-Up for 2,680 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
$102.9K $38.40/SF
− Vacancy
−$4.6K −$1.73/SF
EGI
$98.3K $36.67/SF
− OpEx
−$29.5K −$11.00/SF
NOI
$68.8K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,375,940
Cap Rate 7%
$982,814
Cap Rate 9%
$764,411
Alternative Uses
Best Use
Multifamily LT 5
$982.8K
$860.0K – $1.15M
NOI $68,797 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$875.1K
$765.7K – $1.02M
NOI $61,257 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,788 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-apartment brick property with high ceilings, formal dining rooms, private driveway, and built-in garage.
Where is this triplex located?
The property is located at 40 Autumn Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Three‑apartment layout with one 1‑bedroom and two 2‑bedroom units; 2,680‑square‑foot brick building on a 20X100 lot; Renovated from the studs
