Brick Triplex with Detached
4013 Manhattan Ave, Brooklyn, NY 11224
For Sale
New
$1,199,999
Three apartments, a full basement with laundry, and two driveways provide a flexible residential layout.
Property Size3,038 SF
Lot Size0.15 Acres
Price / SF$394
Days on Market4
Property Features for 4013 Manhattan Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
2503 Ave U
Listed By:
Daniel Gonzalez · License #10401393595
(786) 200-6884
Source:
Elliman
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 10:06AM
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 2503 Ave U
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Investment Insights
Based on property information with market context.
At 4013 Manhattan Avenue, this detached brick triplex contains approximately 3,038 square feet on an approximately 6,344-square-foot lot. Two apartments occupy the first floor, while the second floor has a three-bedroom residence with a balcony. Interior details include parquet flooring, crown molding, a window-surrounded room, and an eat-in kitchen equipped with a double wall oven, gas cooktop, and dishwasher. A full basement provides laundry and storage; the property also has two driveways, a detached garage, and outdoor space. Built in 1925, the interiors are ready for updating.
The home is within Sea Gate, a gated community with a residents-only beach, playgrounds, a dog park, and its own police department. Coney Island’s boardwalk, dining, and shopping are minutes away. The existing three-apartment configuration can be retained, or the first-floor apartments can be combined while maintaining the second-floor residence as a separate unit.
The home is within Sea Gate, a gated community with a residents-only beach, playgrounds, a dog park, and its own police department. Coney Island’s boardwalk, dining, and shopping are minutes away. The existing three-apartment configuration can be retained, or the first-floor apartments can be combined while maintaining the second-floor residence as a separate unit.
Key Highlights
- Detached brick triplex with approximately 3,038 square feet on an approximately 6,344‑square‑foot lot
- Two first‑floor apartments and a three‑bedroom second‑floor residence
- Detached garage, two driveways, and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,396
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,920
$2.1M
Cap Rate 7%
$1,519,943
$1.5M
Cap Rate 9%
$1,182,178
$1.2M
Market Conditions
NOI Build-Up for 3,038 SF
Gross rent
$154.9K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$152.0K $50.03/SF
− OpEx
−$45.6K −$15.01/SF
NOI
$106.4K $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%
$2,127,920
Cap Rate 7%
$1,519,943
Cap Rate 9%
$1,182,178
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,396 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.55M
NOI $92,747 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.93M
NOI $176,082 @ 7.0% cap · market cap 14.67%
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
364
Businesses Nearby
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Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
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Market
Average Price Trend$/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 apartments, a full basement with laundry, and two driveways provide a flexible residential layout.
Where is this triplex located?
The property is located at 4013 Manhattan Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Detached brick triplex with approximately 3,038 square feet on an approximately 6,344‑square‑foot lot; Two first‑floor apartments and a three‑bedroom second‑floor residence; Detached garage, two driveways, and outdoor space
