Semi-Detached Brick Triplex with
For Sale
$1,599,000
414 48th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size2,700 SF
Lot Size0.05 Acres
Price / SF$592.22
Days on Market116
Property Features for 414 48th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sunset Park
Standard status
Active
Size
2,700 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5246
Building Details
Year built
1910
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Added: May 4
Changed: Aug 4
Last Checked: Aug 27 at 11:06PM
MLS# 501143
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
414 48th Street is a well-maintained semi-detached 3-family brick property with approximately 2,700 square feet of interior space on a 20 x 100 lot. The building has three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis. A full semi-finished basement adds additional usable space.
The property is heated with gas and steam radiators, and it features standard mechanical systems with separate living areas for each unit. Interior finishes include ceramic and hardwood flooring. The building was constructed in 1910 and has a flat roof.
The zoning is R6B, supporting a residential income-use configuration consistent with a multi-family triplex layout.
The property is heated with gas and steam radiators, and it features standard mechanical systems with separate living areas for each unit. Interior finishes include ceramic and hardwood flooring. The building was constructed in 1910 and has a flat roof.
The zoning is R6B, supporting a residential income-use configuration consistent with a multi-family triplex layout.
Key Highlights
- Semi‑detached 3‑family brick triplex with full semi‑finished basement
- Three residential units occupied month‑to‑month: two 2‑bedroom units and one 3‑bedroom unit
- Approx. 2,700 SF of interior space on a 20 x 100 lot
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
$80,392
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
5.03%
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%
$1,607,840
$1.6M
Cap Rate 7%
$1,148,457
$1.1M
Cap Rate 9%
$893,244
$893.2K
Market Conditions
NOI Build-Up for 2,700 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
$119.9K $44.40/SF
− Vacancy
−$5.0K −$1.86/SF
EGI
$114.8K $42.54/SF
− OpEx
−$34.5K −$12.76/SF
NOI
$80.4K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$1,607,840
Cap Rate 7%
$1,148,457
Cap Rate 9%
$893,244
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,392 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$1.03M
$900.0K – $1.20M
NOI $72,000 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,524 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,696
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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 - Semi-detached R6B triplex with three residential units occupied month-to-month, featuring two 2-bedroom and one 3-bedroom layout.
Where is this triplex located?
The property is located at 414 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Semi‑detached 3‑family brick triplex with full semi‑finished basement; Three residential units occupied month‑to‑month: two 2‑bedroom units and one 3‑bedroom unit; Approx. 2,700 SF of interior space on a 20 x 100 lot
