Renovated 3-Story
761 39th Street Brooklyn, NY 11233
761 39th Street, Brooklyn, NY, 11233
$1,500,000
Pending
For Sale
$1,500,000
Pending
All-renovated 3-story triplex with 8 bedrooms and 6 bathrooms, plus vacant top unit with separate gas and electric meters.
Property Size3,120 SF
Lot Size0.05 Acres
Days on Market506
Property Features for 761 39th Street
General Information
- Standard status
- Pending
- Size
- 3,120 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1899
Listing agency
Winzone Realty Inc
(718) 676-6611
Listed by
Primi Akhtar
(718) 676-6611
Source
Exitrealty
Added: Mar 3, 2025 Updated: Jul 21 at 5:25PM Checked: Jul 22 at 9:18AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
All renovated with a fresh interior, this 3-story, 20-by-58-foot building sits on a 20-by-100-foot lot. The property contains 8 bedrooms and 6 bathrooms across its units, with separate gas and electric meters for the top floor unit. The top/second unit offers 4 bedrooms and 2 bathrooms and is currently vacant. The first/midlevel unit provides 2 bedrooms and 2 bathrooms, with a rear apartment that features backyard access and a living room. The ground/walk-in level includes 2 bathrooms, rooms at the front and back, a large open space, and access to the large backyard, as well as the boiler room and washer hookup.
The home is located in Brooklyn’s Sunset Park area, positioned between Park Slope, Industry City, Midwood, and Kensington, and it benefits from nearby mass transit including the B35 and B37 buses and the D train described as minutes away.
Zoned M1-2, the property is noted as not maximized for FAR (1.56 of 2.0), and there is 886 square feet available to build out for mixed use. The top unit is scheduled to be vacant by July 15th, with the walk-in level fully vacant.
The home is located in Brooklyn’s Sunset Park area, positioned between Park Slope, Industry City, Midwood, and Kensington, and it benefits from nearby mass transit including the B35 and B37 buses and the D train described as minutes away.
Zoned M1-2, the property is noted as not maximized for FAR (1.56 of 2.0), and there is 886 square feet available to build out for mixed use. The top unit is scheduled to be vacant by July 15th, with the walk-in level fully vacant.
Key Highlights
- All‑renovated 3‑story triplex on a 20x100 lot (20x58 building), built in 1899
- Total layout offers 8 beds and 6 baths, with a top unit (4 bed/2 bath) vacant
- Separate gas and electric meters for the vacant 2nd/top floor unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.1k | $51.00 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $156.1k | $50.03 |
| − OpEx | −$46.8k | −$15.01 |
| NOI | $109.3k | $35.02 |
3,120 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - All-renovated 3-story triplex with 8 bedrooms and 6 bathrooms, plus vacant top unit with separate gas and electric meters.
Where is this triplex located?
The property is located at 761 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: All‑renovated 3‑story triplex on a 20x100 lot (20x58 building), built in 1899; Total layout offers 8 beds and 6 baths, with a top unit (4 bed/2 bath) vacant; Separate gas and electric meters for the vacant 2nd/top floor unit
