Triplex with Finished
New
For Sale
$1,950,000
740 50th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size3,090 SF
Lot Size0.05 Acres
Price / SF$631.07
Days on Market2
Property Features for 740 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
3,090 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8520
Amenities
backyard
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Yifei (Eric) Zhao
(917) 708-9966
Added: Oct 7
Last Checked: Oct 8 at 1:06AM
MLS# 505148
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.
Built in 1930, this brick triplex contains 3,090 square feet on a 0.046-acre lot. Interior finishes include hardwood and tile flooring, with a finished basement and a backyard. A refrigerator and stove are included.
The property is in Sunset Park, near 8th Avenue retail and dining, schools, and public transportation. It is zoned R6B and will be delivered vacant.
The property is in Sunset Park, near 8th Avenue retail and dining, schools, and public transportation. It is zoned R6B and will be delivered vacant.
Key Highlights
- Three‑family brick building with 3,090 square feet
- Finished basement and backyard
- 0.046‑acre lot in Sunset Park
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 three-unit residence is scheduled for vacant delivery and carries R6B zoning.
Where is this triplex located?
The property is located at 740 50th Street 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 building with 3,090 square feet; Finished basement and backyard; 0.046‑acre lot in Sunset Park
