Triplex with Large
For Sale
$2,799,000
58 DIAMOND Street, Brooklyn, NY 11222
Three-unit townhouse delivered vacant with backyard space and abundant front-facing windows.
Property Size900 SF
Lot Size0.06 Acres
Price / SF$1,036
Days on Market56
Property Features for 58 DIAMOND Street
General Information
Standard status
Active
Size
900 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,136
Building Details
Building Size
900 SF
Year Built
1901
Buildings
1
Listing Agency:
The Agency Brokerage
Listed By:
Michael A Zaccaria
(917) 207-4070
Source:
Miradorrealestate
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 15 at 7:54AM
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 The Agency Brokerage
Investment Insights
Based on property information with market context.
Built in 1901, this three-unit townhouse offers a triplex configuration on a 25-by-100-foot lot. The property includes a large backyard, a roof height of nearly 40 feet, and four front windows that bring natural light into the residence. Delivery will be vacant, allowing the next owner to evaluate the existing layout for investment or residential use.
The property is in Greenpoint, three blocks from McGorlick Park and near restaurants and shops. Its townhouse format, outdoor space, and vacant delivery support consideration for renovation, rental income, or owner occupancy with additional income potential.
The property is in Greenpoint, three blocks from McGorlick Park and near restaurants and shops. Its townhouse format, outdoor space, and vacant delivery support consideration for renovation, rental income, or owner occupancy with additional income potential.
Key Highlights
- Three‑unit townhouse with triplex configuration
- 25‑by‑100‑foot lot with a large backyard
- Roof height of nearly 40 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,559
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,891,180
$1.9M
Cap Rate 7%
$1,350,843
$1.4M
Cap Rate 9%
$1,050,656
$1.1M
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$137.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$135.1K $50.03/SF
− OpEx
−$40.5K −$15.01/SF
NOI
$94.6K $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 Rate 5%
$1,891,180
Cap Rate 7%
$1,350,843
Cap Rate 9%
$1,050,656
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,420
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit townhouse delivered vacant with backyard space and abundant front-facing windows.
Where is this triplex located?
The property is located at 58 DIAMOND Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Three‑unit townhouse with triplex configuration; 25‑by‑100‑foot lot with a large backyard; Roof height of nearly 40 feet
