Brick Triplex with Outdoor
For Sale
$3,500,000
584 Sterling Place, Brooklyn, NY 11238
Residential Income, Brooklyn, NY
Property Size3,840 SF
Lot Size0.06 Acres
Price / SF$911.46
Days on Market230
Property Features for 584 Sterling Place
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Dining Room, Basement
Interior features
First Floor Bedroom, First Floor Full Bath, Formal Dining, Original Details
Basement
Full
Standard status
Active
APN
01175-0027
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5801
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Water source
Public
Amenities
backyard
basement storage
Building Details
Year built
1910
Number of units
3
Building materials
Brick
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
Anthony E. Dabreu · License #10301211356
(917) 346-2686
Added: Feb 18
Changed: Sep 28
Last Checked: Oct 6 at 2:06AM
MLS# 960967
Copyright © 2026 OneKey MLS. 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.
Built in 1910, this brick Brooklyn townhouse is arranged as three residences and includes original architectural details, hardwood floors, high ceilings, formal dining space, and a garden-level living area connected to a bedroom. The property also provides a separate-entrance basement for storage and outdoor space suitable for gardening or entertaining. Separate gas and electric meters support independent operation, while steam heat is supplied by natural gas.
The property is located near Prospect Park, Brooklyn Botanic Garden, Grand Army Plaza, Brooklyn Museum, and Brooklyn Public Library. Subway access includes the 2, 3, 4, 5, B, D, N, Q, and R lines at Atlantic Terminal, with proximity to Barclays Center, Downtown Brooklyn, and Manhattan’s Financial District. Public water and public sewer serve the property.
The property is located near Prospect Park, Brooklyn Botanic Garden, Grand Army Plaza, Brooklyn Museum, and Brooklyn Public Library. Subway access includes the 2, 3, 4, 5, B, D, N, Q, and R lines at Atlantic Terminal, with proximity to Barclays Center, Downtown Brooklyn, and Manhattan’s Financial District. Public water and public sewer serve the property.
Key Highlights
- Three‑residence triplex townhouse at 584 Sterling Place, Brooklyn, NY 11238
- 1910 brick construction with hardwood floors, high ceilings, and original details
- Separate gas and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,483
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,689,660
$2.7M
Cap Rate 7%
$1,921,186
$1.9M
Cap Rate 9%
$1,494,256
$1.5M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$195.8K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$192.1K $50.03/SF
− OpEx
−$57.6K −$15.01/SF
NOI
$134.5K $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%
$2,689,660
Cap Rate 7%
$1,921,186
Cap Rate 9%
$1,494,256
Alternative Uses
Best Use
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,483 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$1.67M
$1.47M – $1.95M
NOI $117,231 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,566 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,642
Businesses Nearby
Explore this area
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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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?
Triplex - Three-residence Brooklyn townhouse with separate utility metering, steam heat, original details, and a private backyard.
Where is this triplex located?
The property is located at 584 Sterling Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Three‑residence triplex townhouse at 584 Sterling Place, Brooklyn, NY 11238; 1910 brick construction with hardwood floors, high ceilings, and original details; Separate gas and electric meters for each residence
