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Legal 3-Family with Conversion Plans
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506 Graham Ave, Brooklyn, NY 11222

Vacant semi-detached three-family on a 20-by-64.75 lot, zoned R6B, with plans to convert to a legal four-family.

Property SizeContact for details
Days on Market126

Property Features for 506 Graham Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Capri Jet Realty Corp
Listed By: Theo Eastwind · License #NY 10301212398
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 6:55PM

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 Capri Jet Realty Corp

Investment Insights

Based on property information with market context.

This semi-detached legal 3-family residence is being delivered vacant. The property is supported by pre-approved, architecturally drawn plans for conversion into a legal 4-family. An additional 427 square feet of buildable space is available to support an extension, and the owner could also consider converting the home into a single-family residence depending on future approvals.

The building sits on a 20 x 64.75 ft lot with a 20 x 42 ft building footprint. The property is zoned R6B, with an indicated FAR of 1.67 and a maximum FAR of 2.

Annual real estate taxes are listed at $5,189. Located on Graham Avenue in Greenpoint—bordering Williamsburg just beyond McCarren Park—this property presents a development-focused opportunity with straightforward documented options for reconfiguration.

Key Highlights

  • Legal semi‑detached 3‑family on Graham Avenue, Greenpoint (border to Williamsburg, just beyond McCarren Park).
  • Zoned R6B with FAR 1.67 (max FAR 2), on a 20 x 64.75 ft lot.
  • Building size listed as 20 x 42 ft; vacant and delivered vacant.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Adult Day Care Computer & Electronic Repair Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,170
Businesses Nearby

Demographics for 11222, NY

41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Vacant semi-detached three-family on a 20-by-64.75 lot, zoned R6B, with plans to convert to a legal four-family.
Where is this triplex located?
The property is located at 506 Graham Ave Brooklyn, NY.
What are key features of this property?
This property features: Legal semi‑detached 3‑family on Graham Avenue, Greenpoint (border to Williamsburg, just beyond McCarren Park).; Zoned R6B with FAR 1.67 (max FAR 2), on a 20 x 64.75 ft lot.; Building size listed as 20 x 42 ft; vacant and delivered vacant.
(718) 388-2188 Call to check price and availability
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