Triplex Brownstone with Paid-Off
For Sale
$1,499,000
43 Linden Street, Brooklyn, NY 11221
MULTI_FAMILY - Brooklyn, NY
Property Size2,394 SF
Lot Size0.03 Acres
Price / SF$626.15
Days on Market100
Property Features for 43 Linden Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R6
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2
Interior features
Central Air - Split
Basement
Finished
Subdivision
Bushwick
Standard status
Active
Size
2,394 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2386
Building Details
Year built
1915
Floors in Building
3
Flooring type
Hardwood, Carpet, Ceramic
Building materials
Masonry
Roof type
Flat
Architectural style
Other
Listing Agency:
SI Premiere Properties
(718) 667-6400
Listed By:
Carmela Hagan
(718) 667-6400
Added: May 3
Changed: Aug 4
Last Checked: Aug 10 at 11:06AM
MLS# 501098
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 triplex brownstone at 43 Linden Street is built of masonry and arranged across four levels, including a full finished basement and backyard space. The ground-level unit includes a living room, bedroom, kitchen, bathroom, yard access, and basement access. The basement offers a bedroom, recreation space, laundry, and utilities and meters. The second floor features a living room, bedroom, bathroom, and an eat-in kitchen with open access to the third floor, where you’ll find three bedrooms, a galley kitchen, and a full bathroom.
The property has no boiler and uses solar panels that are paid off, along with nine mini-split heating and air-conditioning units throughout. Interior finishes include ceramic, hardwood, and carpet flooring, and the home was built in 1915. Central air is provided via split systems, and the roof is flat. Zoned R6, the building is located in Brooklyn (11221) in the Bushwick area, close to Bushwick Avenue and Broadway.
The property has no boiler and uses solar panels that are paid off, along with nine mini-split heating and air-conditioning units throughout. Interior finishes include ceramic, hardwood, and carpet flooring, and the home was built in 1915. Central air is provided via split systems, and the roof is flat. Zoned R6, the building is located in Brooklyn (11221) in the Bushwick area, close to Bushwick Avenue and Broadway.
Key Highlights
- Zoned R6 triplex brownstone with full finished basement and backyard space
- Solar panels are paid off; no boiler on the property
- Nine mini‑split heating and air‑conditioning units throughout
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
$83,842
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
5.59%
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%
$1,676,840
$1.7M
Cap Rate 7%
$1,197,743
$1.2M
Cap Rate 9%
$931,578
$931.6K
Market Conditions
NOI Build-Up for 2,394 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
$122.1K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$119.8K $50.03/SF
− OpEx
−$35.9K −$15.01/SF
NOI
$83.8K $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 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%
$1,676,840
Cap Rate 7%
$1,197,743
Cap Rate 9%
$931,578
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,842 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$1.04M
$913.6K – $1.22M
NOI $73,086 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,756 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,940
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - R6-zoned triplex brownstone with a finished basement, backyard, and paid-off solar panels plus 9 mini-splits.
Where is this triplex located?
The property is located at 43 Linden 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: Zoned R6 triplex brownstone with full finished basement and backyard space; Solar panels are paid off; no boiler on the property; Nine mini‑split heating and air‑conditioning units throughout
