Three-Family Property with
71 Cornelia St, Brooklyn, NY 11221
For Sale
Contact for pricing
A full basement and R6 zoning add useful detail to this residential income property.
Property Size3,360 SF
Lot Size0.07 Acres
Price / SF$357.14
Days on Market26
Property Features for 71 Cornelia St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Building Details
Buildings
Listing Agency:
Primerock Real Estate Group Inc
Listed By:
Andrey Kisheyev · License NY #10311206120
(646) 434-9100
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 4:25PM
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 Primerock Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This legal three-family property in Brooklyn includes a private driveway and a full basement. The estimated building area is approximately 3,360 square feet, including an extension on the first and second floors. The lot measures 30 by 100 feet, and the property is zoned R6.
The building is occupied, and interior access is not available. The sale is as-is and limited to cash buyers; the short sale requires lender approval.
The building is occupied, and interior access is not available. The sale is as-is and limited to cash buyers; the short sale requires lender approval.
Key Highlights
- Legal three‑family designation, documented on the I‑card
- Estimated 3,360 square feet, including first- and second‑floor extension
- 30 x 100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,577
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,051,540
$2.1M
Cap Rate 7%
$1,465,386
$1.5M
Cap Rate 9%
$1,139,744
$1.1M
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$190.3K $56.64/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$186.5K $55.51/SF
− OpEx
−$83.9K −$24.98/SF
NOI
$102.6K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,051,540
Cap Rate 7%
$1,465,386
Cap Rate 9%
$1,139,744
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,673 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,577 @ 7.0% cap · market cap 8.55%
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.25M
NOI $194,746 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,758
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A full basement and R6 zoning add useful detail to this residential income property.
Where is this triplex located?
The property is located at 71 Cornelia St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal three‑family designation, documented on the I‑card; Estimated 3,360 square feet, including first- and second‑floor extension; 30 x 100 lot
