Three-Family Property with
404 E 21st Street, Brooklyn, NY 11226
For Sale
New
$1,548,000
Three separate apartments have individual electric meters and recently installed boilers.
Property Size2,250 SF
Price / SF$688
Days on Market2
Property Features for 404 E 21st Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
backyard
See Remarks
5
No
Yes
8
First Floor Bedroom
Public
2
Attached, Private
Building Details
Year Built
Listing Agency:
Exit All Seasons Realty
(516) 788-8382
Listed By:
Mohit Kalia
Source:
Sunluxrealty
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 1:35AM
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 Exit All Seasons Realty
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Investment Insights
Based on property information with market context.
This 2,250-square-foot, three-family property contains apartments with three, three, and two bedrooms. Each unit has a tile-floored kitchen, an open living and dining area, a bathroom with a tub-and-shower combination, and closet storage. Separate electric meters and recently installed boilers serve the apartments. The property also includes a backyard, an attached one-car garage, and two additional parking spaces in front.
Flatbush Avenue, with grocery stores, cafés, restaurants, shops, and public transportation, is a few minutes away. King’s Theatre is also nearby.
Flatbush Avenue, with grocery stores, cafés, restaurants, shops, and public transportation, is a few minutes away. King’s Theatre is also nearby.
Key Highlights
- Three apartments with bedroom counts of 3, 3, and 2
- 2,250 square feet
- Separate electric meters and recently installed boilers for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,035
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,700
$1.1M
Cap Rate 7%
$814,786
$814.8K
Cap Rate 9%
$633,722
$633.7K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$85.1K $37.80/SF
− Vacancy
−$3.6K −$1.59/SF
EGI
$81.5K $36.21/SF
− OpEx
−$24.4K −$10.86/SF
NOI
$57.0K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,700
Cap Rate 7%
$814,786
Cap Rate 9%
$633,722
Alternative Uses
Best Use
Multifamily LT 5
$814.8K
$712.9K – $950.6K
NOI $57,035 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$753.5K
$659.3K – $879.1K
NOI $52,747 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.11M
$973.1K – $1.30M
NOI $77,846 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 separate apartments have individual electric meters and recently installed boilers.
Where is this triplex located?
The property is located at 404 E 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Three apartments with bedroom counts of 3, 3, and 2; 2,250 square feet; Separate electric meters and recently installed boilers for each apartment
