Brick
476 Ralph Avenue, Brooklyn, NY 11233
For Sale
$1,380,000
Vacant first-floor and basement space accompanies occupied upper-level apartments in this three-family property.
Property Size3,937 SF
Price / SF$350.52
Days on Market301
Property Features for 476 Ralph Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Area Realty of NY Inc
Listed By:
Stalin H. Caso
(718) 457-2288
Source:
Poljanproperties
Added: Jan 14
Changed: Nov 8
Last Checked: Nov 9 at 2:50PM
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 Area Realty of NY Inc
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Investment Insights
Based on property information with market context.
This brick triplex was built in 2004 and contains 3,937 square feet. The property is configured as a legal three-family residence. The first floor and basement are to be delivered vacant, while the second- and third-floor apartments are occupied.
Residents on the upper floors pay their own utilities and have two-year leases.
Residents on the upper floors pay their own utilities and have two-year leases.
Key Highlights
- 3,937‑square‑foot legal three‑family property
- Brick construction; built in 2004
- First floor and basement delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,193
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,860
$2.4M
Cap Rate 7%
$1,717,043
$1.7M
Cap Rate 9%
$1,335,478
$1.3M
Market Conditions
NOI Build-Up for 3,937 SF
Gross rent
$223.0K $56.64/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$218.5K $55.51/SF
− OpEx
−$98.3K −$24.98/SF
NOI
$120.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,860
Cap Rate 7%
$1,717,043
Cap Rate 9%
$1,335,478
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.30M
NOI $137,880 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,193 @ 7.0% cap · market cap 8.71%
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,189 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,741
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant first-floor and basement space accompanies occupied upper-level apartments in this three-family property.
Where is this triplex located?
The property is located at 476 Ralph Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 3,937‑square‑foot legal three‑family property; Brick construction; built in 2004; First floor and basement delivered vacant
