Three-Story
New
For Sale
$1,799,999
434 47th Street, Brooklyn, NY 11220
Separate gas and electric meters serve each of the three residences.
Property Size2,580 SF
Price / SF$697.67
Days on Market7
Property Features for 434 47th Street
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$6,893
Building Details
Building Size
2,580 SF
Year Built
1901
Buildings
1
Stories
3
Listing Agency:
Tiger Realty
Listed By:
Xu (Susan) Chen
(917) 708-9966
Source:
Penrealty
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 25 at 2:14AM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This Brooklyn triplex has three full above-ground stories and a high-ceiling basement. The building measures 20' x 50' at the footprint, with the first floor extending to 20' x 68'. Each residence has its own gas meter and electric meter.
Located at 434 47th Street, the property is near subway transportation, major highways, shopping, and dining.
Located at 434 47th Street, the property is near subway transportation, major highways, shopping, and dining.
Key Highlights
- Three full above‑ground stories plus a high‑ceiling basement
- 20' x 50' building footprint; first floor extends to 20' x 68'
- Three separate gas meters and three separate electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,819
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,536,380
$1.5M
Cap Rate 7%
$1,097,414
$1.1M
Cap Rate 9%
$853,544
$853.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$114.6K $44.40/SF
− Vacancy
−$4.8K −$1.86/SF
EGI
$109.7K $42.54/SF
− OpEx
−$32.9K −$12.76/SF
NOI
$76.8K $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 Rate 5%
$1,536,380
Cap Rate 7%
$1,097,414
Cap Rate 9%
$853,544
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$960.2K – $1.28M
NOI $76,819 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$982.9K
$860.0K – $1.15M
NOI $68,800 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,078 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,279
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
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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 - Separate gas and electric meters serve each of the three residences.
Where is this triplex located?
The property is located at 434 47th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Three full above‑ground stories plus a high‑ceiling basement; 20' x 50' building footprint; first floor extends to 20' x 68'; Three separate gas meters and three separate electric meters
