Three-Unit Multifamily with
For Sale
$1,350,000
65 Mother Gaston Blvd, Brooklyn, NY 11233
Solar panels and a full walkout basement complement the property's three residences.
Property Size3,300 SF
Days on Market13
Property Features for 65 Mother Gaston Blvd
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,523
Building Details
Building Size
3,300 SF
Year Built
1910
Units
3
Listing Agency:
eXp Realty
Listed By:
Austin Werner
(888) 276-0630
Source:
Elliman
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 11 at 6:48AM
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
Investment Insights
Based on property information with market context.
Built in 1910, this attached multifamily property at 65 Mother Gaston Blvd in Brooklyn’s Ocean Hill contains three residences. Two have three bedrooms and one bathroom each; the top-floor residence has three bedrooms and two bathrooms. Solar panels and a full walkout basement are also part of the property.
The property has a Walk Score of 83, a Bike Score of 67, and a Transit Score of 95.
The property has a Walk Score of 83, a Bike Score of 67, and a Transit Score of 95.
Key Highlights
- Three residences: two 3‑bedroom, 1‑bath units and one top‑floor 3‑bedroom, 2‑bath unit
- Full walkout basement
- Solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 7.46%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,021
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
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 - Solar panels and a full walkout basement complement the property's three residences.
Where is this triplex located?
The property is located at 65 Mother Gaston Blvd Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three residences: two 3‑bedroom, 1‑bath units and one top‑floor 3‑bedroom, 2‑bath unit; Full walkout basement; Solar panels
