Triplex with Private
For Sale
$1,149,000
405 Miller Avenue, Brooklyn, NY 11207
Residential Income, Brooklyn, NY
Property Size1,900 SF
Lot Size0.10 Acres
Price / SF$604.74
Days on Market49
Property Features for 405 Miller Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
East New York
Standard status
Active
Size
1,900 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
1493
Amenities
private backyard
Building Details
Year built
1901
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 19 at 8:06AM
MLS# 11960989
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,900-square-foot multifamily property is configured as a three-family residence and includes modern finishes throughout. The first floor contains a two-bedroom, one-bath layout with direct access to a private backyard. The oversized basement offers potential for an additional bedroom, subject to applicable approvals and requirements.
The property occupies a 0.1033-acre lot at 405 Miller Avenue in Brooklyn, NY 11207. The surrounding area provides access to transportation, shopping, and local amenities. Its multifamily configuration supports flexible occupancy arrangements, including the possibility of combining personal residence with rental use, as described in the property information.
The property occupies a 0.1033-acre lot at 405 Miller Avenue in Brooklyn, NY 11207. The surrounding area provides access to transportation, shopping, and local amenities. Its multifamily configuration supports flexible occupancy arrangements, including the possibility of combining personal residence with rental use, as described in the property information.
Key Highlights
- Three‑family residence configured within a 1,900‑square‑foot multifamily property
- 0.1033‑acre lot at 405 Miller Avenue, Brooklyn, NY 11207
- First‑floor two‑bedroom, one‑bath layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,541
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,820
$1.3M
Cap Rate 7%
$950,586
$950.6K
Cap Rate 9%
$739,344
$739.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$96.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$95.1K $50.03/SF
− OpEx
−$28.5K −$15.01/SF
NOI
$66.5K $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%
$1,330,820
Cap Rate 7%
$950,586
Cap Rate 9%
$739,344
Alternative Uses
Best Use
Multifamily LT 5
$950.6K
$831.8K – $1.11M
NOI $66,541 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$828.6K
$725.1K – $966.8K
NOI $58,005 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated multifamily residence with flexible living arrangements and direct outdoor access from the first floor.
Where is this triplex located?
The property is located at 405 Miller Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three‑family residence configured within a 1,900‑square‑foot multifamily property; 0.1033‑acre lot at 405 Miller Avenue, Brooklyn, NY 11207; First‑floor two‑bedroom, one‑bath layout
