Turn-Key Three-Family
405 miller ave Brooklyn, NY 11207
For Sale
Contact for pricing
Renovated multi-family home configured as three units, including a ground-level basement with private backyard access.
Property Size1,900 SF
Price / SF$683.68
Days on Market90
Property Features for 405 miller ave
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Mixed Use
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Nina Sabag
Source:
Crexi
Added: Apr 30
Changed: Jul 22
Last Checked: Jul 27 at 10:07AM
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 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
Welcome to 405 Miller Avenue, built in 2026 and offered as a renovated, turn-key multi-family residence configured as a three-family home. The first floor features a 2-bedroom, 1-bath unit with a bright, open layout. The second floor offers a 3-bedroom, 1-bath residence. The ground-level basement includes a 1-bedroom, 1-bath unit with direct access to a private backyard.
Set on a quiet residential block in Brooklyn, the property is described as having convenient access to transportation, shopping, and local amenities.
The basement’s expansive footprint provides flexibility, including potential to add an additional bedroom within the unit layout.
Set on a quiet residential block in Brooklyn, the property is described as having convenient access to transportation, shopping, and local amenities.
The basement’s expansive footprint provides flexibility, including potential to add an additional bedroom within the unit layout.
Key Highlights
- Built in 2026 and fully renovated multi‑family home at 405 Miller Avenue
- Currently configured as a three‑family residence: 2BD/1BA first‑floor unit
- Second‑floor unit offers 3BD/1BA
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 | $96.9k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $95.1k | $50.03 |
| − OpEx | −$28.5k | −$15.01 |
| NOI | $66.5k | $35.02 |
1,900 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$950.6K
$831.8K – $1.11M
NOI $66,541 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$828.6K
$725.1K – $966.8K
NOI $58,005 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 8.48%
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 - Renovated multi-family home configured as three units, including a ground-level basement with private backyard access.
Where is this triplex located?
The property is located at 405 miller ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Built in 2026 and fully renovated multi‑family home at 405 Miller Avenue; Currently configured as a three‑family residence: 2BD/1BA first‑floor unit; Second‑floor unit offers 3BD/1BA
