Brick Three-Unit
For Sale
$1,499,000
414 48th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,700 SF
Lot Size0.05 Acres
Price / SF$555.19
Days on Market151
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 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Interior features
Refrigerator, Stove
Basement
Full, Finished
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
(347) 575-1849
Added: May 4
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
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.
This 1910 semi-detached brick triplex contains approximately 2,700 square feet of interior space on a 20 x 100 lot. The configuration includes two two-bedroom residences and one three-bedroom residence, with each unit occupied on a month-to-month basis. A full semi-finished basement provides additional usable space, while gas-fired steam radiator heat serves the building. Interior finishes include ceramic and hardwood flooring, and the units include refrigerators and stoves.
The property is located on 48th Street between 4th and 5th Avenue in Brooklyn’s Sunset Park. Access to the N, R, and D subway lines, major bus routes, and Industry City is nearby. The property carries R6B zoning and is identified in the 11220 postal area.
The property is located on 48th Street between 4th and 5th Avenue in Brooklyn’s Sunset Park. Access to the N, R, and D subway lines, major bus routes, and Industry City is nearby. The property carries R6B zoning and is identified in the 11220 postal area.
Key Highlights
- Three residential units: two 2‑bedroom apartments and one 3‑bedroom apartment
- Approximately 2,700 square feet of interior space
- 20 x 100 lot in Brooklyn’s 11220 postal area
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
5.36%
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 5.36%
Second Best
Apartment 5plus
$1.03M
$900.0K – $1.20M
NOI $72,000 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,524 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences with flexible month-to-month tenancy and a semi-finished basement.
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 $1,499,000.
What are key features of this property?
This property features: Three residential units: two 2‑bedroom apartments and one 3‑bedroom apartment; Approximately 2,700 square feet of interior space; 20 x 100 lot in Brooklyn’s 11220 postal area
