Brooklyn Brownstone with Rental
578 Washington Avenue Brooklyn, NY 11238
578 Washington Avenue, Brooklyn, NY, 11238
$2,895,000
For Sale
$2,895,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,960 SF
Lot Size0.05 Acres
Price / SF$731.06
Days on Market2456
Property Features for 578 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,960 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7287
Building Details
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Carpet, Ceramic
- Building materials
- Brick
- Roof type
- Asphalt
Listing Agency
Bellmarc
(718) 768-4500
715 5th Avenue, Brooklyn, NY
Listed by
Gamal Hasan
(718) 768-4500
Added: Oct 27, 2019 Checked: Jul 17 at 2:06 pm
MLS# 434309
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in Clinton Hill, Brooklyn, this is a four-story, three-family brownstone. The property features a lower duplex in addition to two four-room rental units. The building includes a full cellar and a large yard. The property will be delivered vacant at closing. The lot size is 0.0465 acres. The property size is 3,960 square feet. The zoning is R6B.
Key Highlights
- 4‑story, 3‑family brownstone in Clinton Hill
- Lower duplex plus two 4‑room rentals
- Full cellar and large yard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.0k | $51.00 |
| − Vacancy | −$3.8k | −$0.97 |
| EGI | $198.1k | $50.03 |
| − OpEx | −$59.4k | −$15.01 |
| NOI | $138.7k | $35.02 |
3,960 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Four-story, three-family brownstone in Clinton Hill, delivered vacant.
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: 4‑story, 3‑family brownstone in Clinton Hill; Lower duplex plus two 4‑room rentals; Full cellar and large yard
