Building Details

Building Size 3,928 SF

Year Built 1910

Buildings 1

Stories 3

Units 3

Construction Romanesque Revival

Listing Agency: Douglas Elliman Real Estate

Listed By: George Shapiro · License #10301223577 Show Phone

Source: Elliman

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 10:36AM

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Investment Insights

Based on property information with market context.

This three-unit multifamily townhouse contains approximately 3,928 square feet above grade, excluding the basement, on a 19.5-by-92.5-foot lot. Its Romanesque Revival design includes Victorian woodwork and carved details. The property is configured as a free-market residence.

At 647 10th Street in Brooklyn’s Park Slope neighborhood, the townhouse sits on a park block. Prospect Park, neighborhood cafés, and local shops are among the nearby amenities. The property is zoned for PS 107.

Key Highlights

• Three‑unit free‑market multifamily residence
• Approximately 3,928 square feet above grade, excluding the basement
• 19.5' x 92.5' lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,565

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,751,300 $2.8M

Cap Rate 7%

$1,965,214 $2.0M

Cap Rate 9%

$1,528,500 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,928 SF

Gross rent

$200.3K $51.00/SF

− Vacancy

−$3.8K −$0.97/SF

EGI

$196.5K $50.03/SF

− OpEx

−$59.0K −$15.01/SF

NOI

$137.6K $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%

$2,751,300

Cap Rate 7%

$1,965,214

Cap Rate 9%

$1,528,500

Alternative Uses

Best Use

Multifamily LT 5

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,565 @ 7.0% cap · market cap 3.14%

Second Best

Apartment 5plus

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,918 @ 7.0% cap · market cap 2.74%

Theoretical Best

Specialty Retail

$3.25M

$2.85M – $3.79M (±1% cap)

NOI $227,667 @ 7.0% cap · market cap 5.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Hair Salon Accounting Firm Parking Lot & Garage Barber Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

5,311

Businesses Nearby

Explore this area Business Placement

Demographics for 11215, NY

67,493

Population

32,197

Households

2.1

Avg Household Size

37

Median Age

80%

College-Educated

96%

High-School Grad

2.2 sq mi

ZIP Area

30,679

Density / Sq Mi

$180,773

Median Household Income

$99,151

Median Earnings

$2,803

Median Rent

$1,674,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - The free-market residence features Victorian woodwork and carved architectural detailing.

Where is this triplex located?

The property is located at 647 10TH St Brooklyn, NY.

What is the asking price?

The asking price for this property is $4,375,000.

What are key features of this property?

This property features: Three‑unit free‑market multifamily residence; Approximately 3,928 square feet above grade, excluding the basement; 19.5' x 92.5' lot