Brick Triplex with Finished
New
For Sale
$1,950,000
740 50th St, Brooklyn, NY 11220
The property is slated for vacant delivery and is zoned R6B.
Property Size3,090 SF
Days on Market3
Property Features for 740 50th St
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Multi Family
Zoning
R6B
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,520
Amenities
finished basement
backyard
Building Details
Building Size
3,090 SF
Year Built
1930
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Yifei (Eric) Zhao
(917) 708-9966
Source:
Elliman
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 7:20AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This 1930 brick triplex contains three family units and a finished basement, with a backyard at the property. It is scheduled to be delivered vacant and carries R6B zoning.
The home is near shopping, restaurants, schools, and public transportation around 8th Avenue in Brooklyn. Its Walk Score is 91, Transit Score is 89, and Bike Score is 74.
The home is near shopping, restaurants, schools, and public transportation around 8th Avenue in Brooklyn. Its Walk Score is 91, Transit Score is 89, and Bike Score is 74.
Key Highlights
- Three‑family brick residence built in 1930
- Finished basement and backyard
- R6B zoning; vacant delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,004
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,080
$1.8M
Cap Rate 7%
$1,314,343
$1.3M
Cap Rate 9%
$1,022,267
$1.0M
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$137.2K $44.40/SF
− Vacancy
−$5.8K −$1.86/SF
EGI
$131.4K $42.54/SF
− OpEx
−$39.4K −$12.76/SF
NOI
$92.0K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,080
Cap Rate 7%
$1,314,343
Cap Rate 9%
$1,022,267
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $92,004 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,400 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,222 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - The property is slated for vacant delivery and is zoned R6B.
Where is this triplex located?
The property is located at 740 50th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑family brick residence built in 1930; Finished basement and backyard; R6B zoning; vacant delivery
