Renovated Two-Family
For Sale
$3,745,000
576 Carroll Street, Brooklyn, NY 11215
Renovated duplex with an owner’s triplex and separate garden-level one-bedroom apartment.
Property Size3,175 SF
Price / SF$1,179
Days on Market385
Property Features for 576 Carroll Street
General Information
Standard status
Active
Size
3,175 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,252
Amenities
balcony
private terrace
private backyard
roof access
custom built-in closets
chef's kitchen
wine refrigerator
marble-tiled floors
deep-soaking tub
Building Details
Building Size
3,175 SF
Year Built
1910
Buildings
1
Listing Agency:
Compass
Listed By:
Marc Solomon
(917) 757-8277
Source:
Howardhannanyc
Added: Sep 6, 2025
Changed: Sep 23
Last Checked: Sep 24 at 6:05PM
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.
This 3,175-square-foot duplex, built in 1910, combines a renovated owner’s triplex with a separate garden-level one-bedroom apartment. The primary residence includes four bedrooms, a home office, three full bathrooms, two powder rooms, a recreation room, and four private outdoor areas. Interior improvements include wide-plank oak flooring, a custom kitchen with quartz surfaces and a waterfall island, built-in storage, upgraded entry doors, and a primary suite with a five-fixture bathroom. A private basement offers additional flexible space, while roof access provides elevated Brooklyn views.
Located at 576 Carroll Street in Brooklyn’s Park Slope neighborhood, the property is near Fifth Avenue, Prospect Park, the Brooklyn Museum, Barclays Center, Whole Foods, neighborhood restaurants, local shops, and multiple transit options including the LIRR. Exterior work includes new siding and a new roof backed by a 10-year transferable warranty. The separate garden apartment provides an additional residential component within the two-family layout.
Located at 576 Carroll Street in Brooklyn’s Park Slope neighborhood, the property is near Fifth Avenue, Prospect Park, the Brooklyn Museum, Barclays Center, Whole Foods, neighborhood restaurants, local shops, and multiple transit options including the LIRR. Exterior work includes new siding and a new roof backed by a 10-year transferable warranty. The separate garden apartment provides an additional residential component within the two-family layout.
Key Highlights
- 3,175 SF two‑family duplex at 576 Carroll Street
- Owner’s triplex includes four bedrooms, a home office, three full bathrooms, and two powder rooms
- Separate garden‑level one‑bedroom apartment
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
$111,194
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
2.97%
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%
$2,223,880
$2.2M
Cap Rate 7%
$1,588,486
$1.6M
Cap Rate 9%
$1,235,489
$1.2M
Market Conditions
NOI Build-Up for 3,175 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
$161.9K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$158.8K $50.03/SF
− OpEx
−$47.7K −$15.01/SF
NOI
$111.2K $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%
$2,223,880
Cap Rate 7%
$1,588,486
Cap Rate 9%
$1,235,489
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,194 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.62M
NOI $96,929 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,023 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with an owner’s triplex and separate garden-level one-bedroom apartment.
Where is this duplex located?
The property is located at 576 Carroll Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,745,000.
What are key features of this property?
This property features: 3,175 SF two‑family duplex at 576 Carroll Street; Owner’s triplex includes four bedrooms, a home office, three full bathrooms, and two powder rooms; Separate garden‑level one‑bedroom apartment
