Vacant Brick Triplex with
New
For Sale
$1,800,000
403 Stockholm Street, Brooklyn, NY 11237
Residential Income, Brooklyn, NY
Property Size2,720 SF
Lot Size0.06 Acres
Price / SF$661.76
Days on Market7
Property Features for 403 Stockholm Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 2
Parking features
Garage
Interior features
Eat-in Kitchen, Ceiling Fan(s), High Ceilings, Storage
Basement
Full
Subdivision
Bushwick
Elementary school
Ps 123 Suydam
Middle school
Jhs 162 Willoughby (The)
High school
All City Leadership Secondary Sch
Elementary school district
Brooklyn 32
Middle school district
Brooklyn 32
High school district
Brooklyn 32
Directions
Use Google Maps
Standard status
Active
APN
03250-0038
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5878
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
private backyard
full basement
detached garage
Building Details
Year built
1935
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Theo F. Eastwind · License #10301212398
(718) 536-7787
Added: Aug 31
Changed: Sep 6
Last Checked: Sep 6 at 9:06PM
MLS# 1045288
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1935 brick triplex at 403 Stockholm Street includes three residential apartments delivered vacant. The first floor contains a two-bedroom unit, while the second floor has two one-bedroom apartments. The property also offers a full basement, private backyard, detached one-car garage, hardwood flooring, high ceilings, storage, and public water and sewer service.
The building measures 20.5 x 68 feet on a 25 x 100-foot lot and is zoned R6, with a reported FAR of 1.09 and maximum FAR of 2.2. Available property data indicates approximately 3,350 SF of additional development potential, subject to independent architectural and zoning verification. Wyckoff Heights Medical Center is located on Stockholm Street, and the DeKalb Ave L train is nearby at Wyckoff Ave.
The building measures 20.5 x 68 feet on a 25 x 100-foot lot and is zoned R6, with a reported FAR of 1.09 and maximum FAR of 2.2. Available property data indicates approximately 3,350 SF of additional development potential, subject to independent architectural and zoning verification. Wyckoff Heights Medical Center is located on Stockholm Street, and the DeKalb Ave L train is nearby at Wyckoff Ave.
Key Highlights
- Three‑family brick property with all units delivered vacant
- First‑floor two‑bedroom apartment plus two second‑floor one‑bedroom apartments
- Detached one‑car garage, private backyard, and full basement
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
$95,259
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
5.29%
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%
$1,905,180
$1.9M
Cap Rate 7%
$1,360,843
$1.4M
Cap Rate 9%
$1,058,433
$1.1M
Market Conditions
NOI Build-Up for 2,720 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
$138.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$136.1K $50.03/SF
− OpEx
−$40.8K −$15.01/SF
NOI
$95.3K $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 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%
$1,905,180
Cap Rate 7%
$1,360,843
Cap Rate 9%
$1,058,433
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,259 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,039 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,651 @ 7.0% cap · market cap 8.76%
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
5,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 vacant apartments include a two-bedroom residence, two one-bedroom units, basement storage, and outdoor space.
Where is this triplex located?
The property is located at 403 Stockholm Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three‑family brick property with all units delivered vacant; First‑floor two‑bedroom apartment plus two second‑floor one‑bedroom apartments; Detached one‑car garage, private backyard, and full basement
