Three-Family Brick
New
For Sale
$1,799,999
434 47th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,580 SF
Lot Size0.05 Acres
Price / SF$697.67
Days on Market2
Property Features for 434 47th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 9, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
2,580 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6893
Building Details
Year built
1901
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Xu (Susan) Chen
(917) 708-9966
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 10:06PM
MLS# 505492
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.
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Investment Insights
Based on property information with market context.
This brick triplex was built in 1901 and contains 2,580 square feet on a 0.046-acre lot. The building footprint measures 20' x 50', with the first floor extending to 20' x 68'. Three full stories above grade are complemented by a high-ceiling basement. Three gas meters and three electric meters serve the property. Interior features include hardwood and tile flooring, a refrigerator, and a stove.
The property is located in Brooklyn, NY, and is zoned R6B. The source information also places it near subway transportation, major highways, shopping, and dining.
The property is located in Brooklyn, NY, and is zoned R6B. The source information also places it near subway transportation, major highways, shopping, and dining.
Key Highlights
- 2,580‑square‑foot triplex on a 0.046‑acre lot
- 20' x 50' building footprint; first floor extends to 20' x 68'
- Three full above‑ground stories plus a high‑ceiling basement
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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Lease Details
3
Residential units
Yes
Highway access
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three full above-ground levels sit over a high-ceiling basement, with separate gas and electric meters for each residence.
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: 2,580‑square‑foot triplex on a 0.046‑acre lot; 20' x 50' building footprint; first floor extends to 20' x 68'; Three full above‑ground stories plus a high‑ceiling basement
