Three-Family Residential Income
400 5th Avenue Brooklyn, NY 11215
For Sale
$3,300,000
Well-maintained three-family property with three-bedroom units in a one-store structure on a 20x80 lot.
Property Size4,000 SF
Price / SF$825
Days on Market118
Property Features for 400 5th Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Mixed Use
Building Details
Year Built
1920
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #hc3855
(917) 708-9966
Source:
Compass
Added: Apr 1
Changed: Jul 21
Last Checked: Jul 26 at 11:23AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Well-maintained three-family residential income property arranged in a one-store structure. The building includes three separate units, and each unit features a spacious 3-bedroom layout.
The property sits on a 20x80 lot and is presented for sale at 400 5th Avenue in Brooklyn, NY 11215. The offering is positioned for investors and end-users seeking steady rental income in a convenient location.
With a total building size of 20x50, the property provides a straightforward multifamily configuration designed for 3-bedroom tenants across three units.
The property sits on a 20x80 lot and is presented for sale at 400 5th Avenue in Brooklyn, NY 11215. The offering is positioned for investors and end-users seeking steady rental income in a convenient location.
With a total building size of 20x50, the property provides a straightforward multifamily configuration designed for 3-bedroom tenants across three units.
Key Highlights
- Well‑maintained 3‑family brick property with 3‑bedroom units
- One‑store building size 20x50 on a 20x80 lot
- Year built 1920 with poured concrete foundation
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.0k | $51.00 |
| − Vacancy | −$3.9k | −$0.97 |
| EGI | $200.1k | $50.03 |
| − OpEx | −$60.0k | −$15.01 |
| NOI | $140.1k | $35.02 |
4,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family property with three-bedroom units in a one-store structure on a 20x80 lot.
Where is this triplex located?
The property is located at 400 5th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Well‑maintained 3‑family brick property with 3‑bedroom units; One‑store building size 20x50 on a 20x80 lot; Year built 1920 with poured concrete foundation
