Three-Family Brick
For Sale
$2,795,000
715 Dekalb Avenue, Brooklyn, NY 11216
Residential, High Ranch, Brooklyn, NY
Property Size3,432 SF
Lot Size0.05 Acres
Price / SF$814.39
Days on Market367
Property Features for 715 Dekalb Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6A
Bedrooms
8
Bathrooms
8
Full bathrooms
6
Rooms
Bedroom 5, Bedroom 7, Bathroom 3, Bathroom 8, Bathroom 6, Bathroom 7, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 8, Bathroom 4, Bedroom 6, Bedroom 2
Parking features
Carport
Patio and Porch features
Porch
Interior features
Porch, Refrigerator, Stove
Basement
Finished
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
3,432 SF
Lot size
0.05 Acres
Building Details
Year built
2005
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Master Plan Real Estate Corp.
(718) 252-6700
Listed By:
Turgot Solages
(347) 873-9000
Added: Sep 9, 2025
Changed: Sep 5
Last Checked: Sep 10 at 1:06AM
MLS# 495476
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.
This three-family brick triplex was built in 2005 and contains 3,432 square feet on a 0.0505-acre lot. The property includes 8 bedrooms, 6 full bathrooms, 2 half bathrooms, and a finished basement. Ranch-style construction, hardwood flooring, a porch, refrigerator, and stove are among the listed features. A two-car carport provides on-site parking, while three boilers and three hot water heaters serve the building.
The property is located at 715 Dekalb Avenue in Brooklyn, NY 11216, within the R6A zoning district. Its multifamily configuration and substantial bedroom and bathroom count support use as a three-family residential property.
The property is located at 715 Dekalb Avenue in Brooklyn, NY 11216, within the R6A zoning district. Its multifamily configuration and substantial bedroom and bathroom count support use as a three-family residential property.
Key Highlights
- Three‑family configuration with 8 bedrooms, 6 bathrooms, and 2 half bathrooms
- 3,432 square feet on a 0.0505‑acre lot
- Finished basement included
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
$120,194
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
4.30%
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%
$2,403,880
$2.4M
Cap Rate 7%
$1,717,057
$1.7M
Cap Rate 9%
$1,335,489
$1.3M
Market Conditions
NOI Build-Up for 3,432 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
$175.0K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$171.7K $50.03/SF
− OpEx
−$51.5K −$15.01/SF
NOI
$120.2K $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%
$2,403,880
Cap Rate 7%
$1,717,057
Cap Rate 9%
$1,335,489
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.50M – $2.00M
NOI $120,194 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,775 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$2.84M
$2.49M – $3.32M
NOI $198,919 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Ranch-style multifamily property with a finished basement, porch, and two-car carport in Brooklyn.
Where is this triplex located?
The property is located at 715 Dekalb Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Three‑family configuration with 8 bedrooms, 6 bathrooms, and 2 half bathrooms; 3,432 square feet on a 0.0505‑acre lot; Finished basement included
