Three-Family Brick
For Sale
$969,777
563 Bradford St, Brooklyn, NY 11207
Semi-detached brick triplex with updated major systems, solar, and a detached two-car garage for flexible living or rental use.
Property Size2,500 SF
Days on Market66
Property Features for 563 Bradford St
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,300
Building Details
Building Size
2,500 SF
Year Built
1920
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Liberty
(347) 257-9475
Listed By:
Sher Singh MRP · License #10301219683
(347) 257-9475
Source:
Elliman
Added: Jun 23
Changed: Aug 22
Last Checked: Aug 26 at 12:13PM
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 Keller Williams Realty Liberty
Investment Insights
Based on property information with market context.
This semi-detached three-family brick townhouse offers approximately eight bedrooms and three full bathrooms, with room to configure the layout for long-term comfort or rental consistency. The home includes an enclosed heated porch with a walk-out balcony, adding usable indoor-outdoor space throughout the year. A detached two-car garage supports added convenience for residents and tenants. Major mechanical improvements have already been completed, including updated heating and hot water systems, along with solar panels. The property also has three electric meters and two gas meters, which can help support separate utilities by unit. Additional exterior and systems upgrades include windows approximately 7–8 years old and a roof approximately 10 years old. While the property would benefit from updating and some TLC, it provides a solid foundation for an owner to tailor finishes and maximize the overall setup.
Located in East New York, Brooklyn, the property is positioned for practical day-to-day access, with nearby shopping, supermarkets, restaurants, pharmacies, and other everyday needs. Public transportation access is a key advantage, with nearby service for the A, C, J, and Z subway lines, plus several bus routes for commuting throughout Brooklyn, Queens, and Manhattan. For recreation, residents are also close to Highland Park, which offers walking trails, playgrounds, and sports facilities.
For investors or end-users, the combination of a three-family structure, updated core mechanicals, and existing solar and utility metering offers flexibility. The detached garage and enclosed heated porch/balcony also support more functional, livable unit planning, even as light renovation remains available to refine the property to an owner’s preferences.
Located in East New York, Brooklyn, the property is positioned for practical day-to-day access, with nearby shopping, supermarkets, restaurants, pharmacies, and other everyday needs. Public transportation access is a key advantage, with nearby service for the A, C, J, and Z subway lines, plus several bus routes for commuting throughout Brooklyn, Queens, and Manhattan. For recreation, residents are also close to Highland Park, which offers walking trails, playgrounds, and sports facilities.
For investors or end-users, the combination of a three-family structure, updated core mechanicals, and existing solar and utility metering offers flexibility. The detached garage and enclosed heated porch/balcony also support more functional, livable unit planning, even as light renovation remains available to refine the property to an owner’s preferences.
Key Highlights
- Semi‑detached brick three‑family (triplex) built in 1920 in East New York, Brooklyn
- Approx. 8 bedrooms and 3 full bathrooms, offering flexible living or rental configuration
- Detached two‑car garage plus enclosed heated porch with walk‑out balcony
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
$87,554
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
9.03%
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%
$1,751,080
$1.8M
Cap Rate 7%
$1,250,771
$1.3M
Cap Rate 9%
$972,822
$972.8K
Market Conditions
NOI Build-Up for 2,500 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
$127.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$125.1K $50.03/SF
− OpEx
−$37.5K −$15.01/SF
NOI
$87.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,751,080
Cap Rate 7%
$1,250,771
Cap Rate 9%
$972,822
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Semi-detached brick triplex with updated major systems, solar, and a detached two-car garage for flexible living or rental use.
Where is this triplex located?
The property is located at 563 Bradford St Brooklyn, NY.
What is the asking price?
The asking price for this property is $969,777.
What are key features of this property?
This property features: Semi‑detached brick three‑family (triplex) built in 1920 in East New York, Brooklyn; Approx. 8 bedrooms and 3 full bathrooms, offering flexible living or rental configuration; Detached two‑car garage plus enclosed heated porch with walk‑out balcony
