Four-Story Triplex
For Sale
$2,895,000
578 Washington Avenue, Brooklyn, NY 11238
Residential, Brooklyn, NY
Property Size3,960 SF
Lot Size0.05 Acres
Price / SF$731.06
Days on Market2560
Property Features for 578 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Prospect Heights
Standard status
Active
Size
3,960 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7287
Amenities
large yard
Building Details
Floors in Building
3
Number of units
3
Flooring type
Ceramic, Hardwood, Carpet
Building materials
Brick
Roof type
Asphalt
Buildings
1
Listing Agency:
Bellmarc
Listed By:
Gamal Hasan
(718) 768-4500
Added: Oct 27, 2019
Changed: Oct 28
Last Checked: Oct 29 at 5:06PM
MLS# 434309
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-story brick brownstone contains 3,960 square feet and is configured for three families. The lower portion forms a duplex, with two additional four-room rental residences above. A full cellar provides supplementary interior space, while the property also includes a large yard.
The residence is located in Clinton Hill, Brooklyn, and will be delivered vacant at closing. Interior finishes include hardwood, ceramic, and carpet flooring, along with a refrigerator and stove. The property is situated on a 0.0465-acre lot and carries R6B zoning.
The residence is located in Clinton Hill, Brooklyn, and will be delivered vacant at closing. Interior finishes include hardwood, ceramic, and carpet flooring, along with a refrigerator and stove. The property is situated on a 0.0465-acre lot and carries R6B zoning.
Key Highlights
- 3,960 square feet across a four‑story brick brownstone
- Three‑family configuration with a lower duplex and two four‑room rentals
- Delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,686
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,773,720
$2.8M
Cap Rate 7%
$1,981,229
$2.0M
Cap Rate 9%
$1,540,956
$1.5M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$202.0K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$198.1K $50.03/SF
− OpEx
−$59.4K −$15.01/SF
NOI
$138.7K $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 Rate 5%
$2,773,720
Cap Rate 7%
$1,981,229
Cap Rate 9%
$1,540,956
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,686 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.01M
NOI $120,895 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,522 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,266
Businesses Nearby
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Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property offered vacant at closing, with a full cellar and outdoor yard.
Where is this triplex located?
The property is located at 578 Washington Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 3,960 square feet across a four‑story brick brownstone; Three‑family configuration with a lower duplex and two four‑room rentals; Delivered vacant at closing
