Three-Family Brick
447 East 21st Street Brooklyn, NY 11226
447 East 21st Street, Brooklyn, NY, 11226
$1,550,000
For Sale
$1,550,000
Solid brick three-family home with private backyard access on the garden unit and balconies on the second and top floors.
Property Size3,600 SF
Price / SF$430.56
Days on Market124
Property Features for 447 East 21st Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Compass
(347) 455-2589
Listed by
Cynthia Barrera · License #10401295725
(347) 455-2589
Source
Compass
Added: Mar 20 Updated: Jul 21 at 6:30AM Checked: Jul 21 at 6:30AM
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 Compass
Investment Insights
Based on property information with market context.
A 24-foot-wide three-family brick townhouse offering three separate residences with attractive, well-maintained flooring throughout. Apartment #1 (Garden Level) is a 2 bed / 1 bath full-floor home with direct access to a private 20’ x 40’ backyard, a very large living room, and a windowed kitchen. Apartments #2 (Second Floor) and #3 (Top Floor) are each 3 bed / 1.5 bath layouts with bright living spaces, oversized eat-in kitchen/dining areas, and in-unit balconies; the primary bedroom in each unit includes a half bath, with ample storage throughout. Washer/dryer is shared on the first floor, and the property also includes fully free-market units. The building is currently fully occupied, with showings by appointment for qualified buyers.
The home is positioned in Ditmas Park and is described as being just moments from Cortelyou Road, with nearby access to the B and Q subway lines for connections to Manhattan and beyond.
The remarks indicate current strong income with projections up to 6.05%, and videos are available for each apartment along with virtual tours.
The home is positioned in Ditmas Park and is described as being just moments from Cortelyou Road, with nearby access to the B and Q subway lines for connections to Manhattan and beyond.
The remarks indicate current strong income with projections up to 6.05%, and videos are available for each apartment along with virtual tours.
Key Highlights
- Solid brick 3‑family townhouse built in 1965, 24‑foot‑wide building
- Garden‑level unit (#1): 2 bed/1 bath with direct access to a private 20' x 40' backyard
- Second‑floor unit (#2): 3 bed/1.5 bath with large balcony and oversized eat‑in kitchen with dining space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $37.80 |
| − Vacancy | −$5.7k | −$1.59 |
| EGI | $130.4k | $36.21 |
| − OpEx | −$39.1k | −$10.86 |
| NOI | $91.3k | $25.35 |
3,600 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,255 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$1.21M
$1.05M – $1.41M
NOI $84,396 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,554 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Solid brick three-family home with private backyard access on the garden unit and balconies on the second and top floors.
Where is this triplex located?
The property is located at 447 East 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Solid brick 3‑family townhouse built in 1965, 24‑foot‑wide building; Garden‑level unit (#1): 2 bed/1 bath with direct access to a private 20' x 40' backyard; Second‑floor unit (#2): 3 bed/1.5 bath with large balcony and oversized eat‑in kitchen with dining space
