Three-Story Brick Multifamily with
For Sale
$1,680,000
472 57th Street, Brooklyn, NY 11220
Three-family brick property with three stories above grade and a fully finished basement in an R6B zoning district.
Property Size3,680 SF
Days on Market77
Property Features for 472 57th Street
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Multi Family Home
Zoning
R6B
Additional Details
Multifamily Units
3
Building Details
Building Size
3,680 SF
Year Built
1910
Stories
3
Listing Agency:
Tiger Realty
Listed By:
Chinuan (Chris) Liang
(917) 708-9966
Source:
Excellchoicerealty
Added: Jun 25
Changed: Sep 8
Last Checked: Sep 8 at 4:57AM
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
Investment Insights
Based on property information with market context.
This three-family brick property includes three stories above grade and a fully finished basement. The configuration supports residential income use, with the additional note that the property is located in an R6B zoning district and may be suitable for commercial conversion or mixed-use redevelopment, subject to applicable approvals.
The property is at 472 57th St in Brooklyn, positioned just minutes from the 5th Avenue commercial corridor. Public transportation is nearby, including the R train and multiple bus lines, along with nearby schools and parks.
The asset is presented as a flexible option for investors or owner-occupants, combining existing residential structure with zoning-based redevelopment considerations.
The property is at 472 57th St in Brooklyn, positioned just minutes from the 5th Avenue commercial corridor. Public transportation is nearby, including the R train and multiple bus lines, along with nearby schools and parks.
The asset is presented as a flexible option for investors or owner-occupants, combining existing residential structure with zoning-based redevelopment considerations.
Key Highlights
- 3‑family brick property built in 1910 with three stories above grade and a fully finished basement
- R6B zoning district
- Located just minutes from the 5th Avenue commercial corridor with nearby restaurants, shopping, public transportation, and everyday amenities
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
$109,571
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
6.52%
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%
$2,191,420
$2.2M
Cap Rate 7%
$1,565,300
$1.6M
Cap Rate 9%
$1,217,456
$1.2M
Market Conditions
NOI Build-Up for 3,680 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
$163.4K $44.40/SF
− Vacancy
−$6.9K −$1.86/SF
EGI
$156.5K $42.54/SF
− OpEx
−$47.0K −$12.76/SF
NOI
$109.6K $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%
$2,191,420
Cap Rate 7%
$1,565,300
Cap Rate 9%
$1,217,456
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,571 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,133 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $166,995 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,042
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family brick property with three stories above grade and a fully finished basement in an R6B zoning district.
Where is this triplex located?
The property is located at 472 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 3‑family brick property built in 1910 with three stories above grade and a fully finished basement; R6B zoning district; Located just minutes from the 5th Avenue commercial corridor with nearby restaurants, shopping, public transportation, and everyday amenities
