Renovated Three-Unit
For Sale
$1,675,000
657 E 94th Street, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size2,478 SF
Lot Size0.06 Acres
Price / SF$675.95
Days on Market103
Property Features for 657 E 94th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 4
Interior features
Dishwasher, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Canarsie
Standard status
Active
Size
2,478 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7868
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
Kingsview Realty Corp.
Listed By:
Anthony Garraud II · License #AG8810
(718) 692-2010
Added: Jul 6
Changed: Oct 13
Last Checked: Oct 16 at 12:06PM
MLS# 502448
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,478-square-foot brick triplex, built in 1930, contains three separate residential units. The first-floor apartment has three bedrooms, a modern kitchen, a bathroom, and new appliances. Two additional apartments occupy the second floor, each with two bedrooms, a full bathroom, a modern kitchen, and a combined living and dining area.
The property also includes a finished basement with modern bathrooms and separate front and rear entrances. Interior features include dishwashers, refrigerators, and stoves, with ceramic, hardwood, and tile flooring throughout. The home sits on a 0.0574-acre lot and has a flat roof. R5 zoning applies.
The property also includes a finished basement with modern bathrooms and separate front and rear entrances. Interior features include dishwashers, refrigerators, and stoves, with ceramic, hardwood, and tile flooring throughout. The home sits on a 0.0574-acre lot and has a flat roof. R5 zoning applies.
Key Highlights
- Three separate residential units in a 2,478‑square‑foot triplex
- First‑floor 3‑bedroom apartment with modern kitchen and new appliances
- Two second‑floor apartments, each with 2 bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,784
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,680
$1.7M
Cap Rate 7%
$1,239,771
$1.2M
Cap Rate 9%
$964,267
$964.3K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$126.4K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$124.0K $50.03/SF
− OpEx
−$37.2K −$15.01/SF
NOI
$86.8K $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%
$1,735,680
Cap Rate 7%
$1,239,771
Cap Rate 9%
$964,267
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,784 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$1.08M
$945.6K – $1.26M
NOI $75,651 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.39M
NOI $143,625 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,711
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brick multifamily property with three separate apartments, finished basement space, and modernized interiors.
Where is this triplex located?
The property is located at 657 E 94th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Three separate residential units in a 2,478‑square‑foot triplex; First‑floor 3‑bedroom apartment with modern kitchen and new appliances; Two second‑floor apartments, each with 2 bedrooms and a full bathroom
