Triplex Brick Home with Finished
For Sale
$1,699,000
6915 14th Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size3,160 SF
Lot Size0.04 Acres
Price / SF$537.66
Days on Market504
Property Features for 6915 14th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
3,160 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
10006
Building Details
Year built
1920
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Mar 28, 2025
Changed: Aug 4
Last Checked: Aug 13 at 4:06PM
MLS# 490400
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.
Investment Insights
Based on property information with market context.
Dyker Heights oversized 3-family brick home formerly a 4-family, currently configured as three units. The property is in well-maintained condition and features a top-floor layout with one two-bedroom and one one-bedroom apartment over two one-bedroom apartments on the first floor. The home includes a finished basement with a front separate entrance, and the top-floor apartments can be converted into more bedrooms.
The building is approximately 20 by 79 feet, set on an approximately 20 by 90 feet lot, with a flat roof and numerous upgrades throughout the home. Utilities are metered with three gas meters and four electric meters. Interior finishes include hardwood and tile flooring, and in-unit items listed include window A/C units, refrigerators, and stoves.
Built in 1920, this triplex totals about 3,160 square feet and is zoned R5.
The building is approximately 20 by 79 feet, set on an approximately 20 by 90 feet lot, with a flat roof and numerous upgrades throughout the home. Utilities are metered with three gas meters and four electric meters. Interior finishes include hardwood and tile flooring, and in-unit items listed include window A/C units, refrigerators, and stoves.
Built in 1920, this triplex totals about 3,160 square feet and is zoned R5.
Key Highlights
- R5 zoned triplex in well‑maintained condition, formerly a 4‑family and currently configured as 3 units
- Finished basement with a front separate entrance
- Top floor: one two‑bedroom and one one‑bedroom over first‑floor one‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,213,380
$2.2M
Cap Rate 7%
$1,580,986
$1.6M
Cap Rate 9%
$1,229,656
$1.2M
Market Conditions
NOI Build-Up for 3,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$161.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$158.1K $50.03/SF
− OpEx
−$47.4K −$15.01/SF
NOI
$110.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,213,380
Cap Rate 7%
$1,580,986
Cap Rate 9%
$1,229,656
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,669 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,472 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R5 zoned 3-family brick home with a finished basement and separate front entrance.
Where is this triplex located?
The property is located at 6915 14th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: R5 zoned triplex in well‑maintained condition, formerly a 4‑family and currently configured as 3 units; Finished basement with a front separate entrance; Top floor: one two‑bedroom and one one‑bedroom over first‑floor one‑bedroom apartments
