3-Unit Residential Property with
New
For Sale
$2,290,000
8305 20th Ave, Brooklyn, NY 11214
Separate gas and electric meters serve each residence, with additional finished basement space and a rear garage.
Property Size3,410 SF
Lot Size0.08 Acres
Days on Market2
Property Features for 8305 20th Ave
General Information
Standard status
Active
Size
3,410 SF
Total Parking Spaces
1
Lot size
0.08 Acres
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,262
Amenities
balcony
laundry area
Building Details
Building Size
3,410 SF
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:27PM
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 detached three-family property in Brooklyn dates to 1930 and has undergone reconstruction throughout. The building measures approximately 24' x 48' on a 33.5' x 100' lot, with a detached one-car garage behind it. The first-floor residence has two bedrooms, a living room, dining room, kitchen, and full bath. Upstairs, the second-floor unit includes three bedrooms, a kitchen, a full bath, and a balcony; the third-floor unit has two bedrooms, a living room, a kitchen, and a full bath. Each residence has separate gas and electric meters.
The finished basement contains a half bath and laundry area. A side entrance connects to the front and rear yards. The property is minutes from 86th Street and has access to nearby supermarkets, restaurants, shopping, and public transportation. Walk Score is 95, Transit Score is 75, and Bike Score is 56.
The finished basement contains a half bath and laundry area. A side entrance connects to the front and rear yards. The property is minutes from 86th Street and has access to nearby supermarkets, restaurants, shopping, and public transportation. Walk Score is 95, Transit Score is 75, and Bike Score is 56.
Key Highlights
- Detached three‑family property on a 33.5' x 100' lot; building measures approximately 24' x 48'
- Rear detached one‑car garage
- First floor: two bedrooms, living room, dining room, kitchen, and full bath
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
$93,007
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
4.06%
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%
$1,860,140
$1.9M
Cap Rate 7%
$1,328,671
$1.3M
Cap Rate 9%
$1,033,411
$1.0M
Market Conditions
NOI Build-Up for 3,410 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
$139.1K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$132.9K $38.96/SF
− OpEx
−$39.9K −$11.69/SF
NOI
$93.0K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,860,140
Cap Rate 7%
$1,328,671
Cap Rate 9%
$1,033,411
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $93,007 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,355 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,246 @ 7.0% cap · market cap 6.08%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
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 - Separate gas and electric meters serve each residence, with additional finished basement space and a rear garage.
Where is this triplex located?
The property is located at 8305 20th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: Detached three‑family property on a 33.5' x 100' lot; building measures approximately 24' x 48'; Rear detached one‑car garage; First floor: two bedrooms, living room, dining room, kitchen, and full bath
