Three-Family
New
For Sale
$1,970,000
62 Bainbridge St, Brooklyn, NY 11233
Four stories with laundry in each residence and current tenant occupancy.
Property Size3,124 SF
Days on Market4
Property Features for 62 Bainbridge St
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,169
Building Details
Building Size
3,124 SF
Year Built
2005
Listing Agency:
EXP Realty NYC
Listed By:
Wilson Zorrilla · License #10401251534
(631) 627-4837
Source:
Elliman
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 26 at 4:03PM
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 EXP Realty NYC
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Investment Insights
Based on property information with market context.
At 62 Bainbridge Street, this four-story, legal three-family building has a washer and dryer in each unit. The property is occupied by tenants and offers three residential units within a single Brooklyn townhouse building.
The address is on a cul-de-sac in the historic Stuyvesant Heights area. Neighborhood cafés, restaurants, shops, and parks are nearby, with access to the A and C subway lines. The listing reports a Walk Score of 92, a Transit Score of 98, and a Bike Score of 67.
The address is on a cul-de-sac in the historic Stuyvesant Heights area. Neighborhood cafés, restaurants, shops, and parks are nearby, with access to the A and C subway lines. The listing reports a Walk Score of 92, a Transit Score of 98, and a Bike Score of 67.
Key Highlights
- Legal three‑family building across four stories
- Washer and dryer in every unit
- Currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,408
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,188,160
$2.2M
Cap Rate 7%
$1,562,971
$1.6M
Cap Rate 9%
$1,215,644
$1.2M
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$159.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.3K $50.03/SF
− OpEx
−$46.9K −$15.01/SF
NOI
$109.4K $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%
$2,188,160
Cap Rate 7%
$1,562,971
Cap Rate 9%
$1,215,644
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,408 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,372 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,067 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Four stories with laundry in each residence and current tenant occupancy.
Where is this triplex located?
The property is located at 62 Bainbridge St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: Legal three‑family building across four stories; Washer and dryer in every unit; Currently tenant‑occupied
