Brick Triplex with Detached
For Sale
$1,650,000
Pending
80 Marine Ave, Brooklyn, NY 11209
Delivered vacant, this legal three-family residence combines separate entrances, off-street parking, and flexible finished basement space.
Property Size3,780 SF
Lot Size0.06 Acres
Days on Market117
Property Features for 80 Marine Ave
General Information
Standard status
Pending
Size
3,780 SF
Total Parking Spaces
4
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,000
Amenities
finished basement
Building Details
Building Size
3,780 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Siu Lun (Allen)Tang
(718) 872-5522
Source:
Elliman
Added: Jul 4
Changed: Oct 25
Last Checked: Oct 26 at 5:03PM
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 RE/MAX Real Estate Professiona
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Investment Insights
Based on property information with market context.
Located at 80 Marine Ave in Brooklyn, this legal three-family residence was built in 1925 and occupies an oversized 27' x 100' lot. The 20' x 63' building contains three apartments with a combined seven bedrooms and five full bathrooms. Each apartment has a private entrance, while the building also benefits from a fully finished basement suitable for recreation, storage, or other flexible use.
A private driveway leads to a detached garage with parking for up to four vehicles. The property is delivered vacant and separately metered with three gas meters and three electric meters. Three building entrances support the multi-family configuration, and the address has a Walk Score of 85, Transit Score of 73, and Bike Score of 59.
A private driveway leads to a detached garage with parking for up to four vehicles. The property is delivered vacant and separately metered with three gas meters and three electric meters. Three building entrances support the multi-family configuration, and the address has a Walk Score of 85, Transit Score of 73, and Bike Score of 59.
Key Highlights
- Legal three‑family property with 3 apartments, 7 bedrooms, and 5 full bathrooms
- 27' x 100' lot with a 20' x 63' building
- Private driveway and detached garage with parking for up to 4 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,382
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,647,640
$2.6M
Cap Rate 7%
$1,891,171
$1.9M
Cap Rate 9%
$1,470,911
$1.5M
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$192.8K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$189.1K $50.03/SF
− OpEx
−$56.7K −$15.01/SF
NOI
$132.4K $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 Rate 5%
$2,647,640
Cap Rate 7%
$1,891,171
Cap Rate 9%
$1,470,911
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.65M – $2.21M
NOI $132,382 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,399 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,089 @ 7.0% cap · market cap 13.28%
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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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Delivered vacant, this legal three-family residence combines separate entrances, off-street parking, and flexible finished basement space.
Where is this triplex located?
The property is located at 80 Marine Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Legal three‑family property with 3 apartments, 7 bedrooms, and 5 full bathrooms; 27' x 100' lot with a 20' x 63' building; Private driveway and detached garage with parking for up to 4 vehicles
