Renovated 3-Unit
8305 20th Avenue, Brooklyn, NY 11214
For Sale
$2,190,000
Residential, Brooklyn, NY
Property Size3,410 SF
Lot Size0.08 Acres
Price / SF$642.23
Days on Market52
Property Features for 8305 20th Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Amenities
balcony
finished basement
laundry area
side entrance
yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License NY HTL8672
(917) 708-9966
Added: Sep 23
Changed: Oct 30
Last Checked: Nov 13 at 11:06PM
MLS# 504813
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.
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Investment Insights
Based on property information with market context.
This detached brick triplex contains 3,410 square feet on a 33.5-by-100-foot lot. The three apartments provide two, three, and two bedrooms, respectively, with a kitchen and full bathroom in each. Living and dining rooms are noted in two of the units, and the second-floor apartment includes a balcony. A finished basement adds a half bath, laundry area, and flexible space, with a side entrance connecting to the front and rear yards. Each residence has separate gas and electric meters. A detached one-car garage is positioned at the rear of the property.
The building was constructed in 1930 and is zoned R5. It is located minutes from 86th Street, with supermarkets, restaurants, shopping, and public transportation nearby.
The building was constructed in 1930 and is zoned R5. It is located minutes from 86th Street, with supermarkets, restaurants, shopping, and public transportation nearby.
Key Highlights
- Three apartments with 2, 3, and 2 bedrooms
- 3,410 square feet on a 33.5‑by‑100‑foot lot
- Detached one‑car garage at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,007
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
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
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 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 4.25%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,355 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,246 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,458
Businesses Nearby
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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
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences have separate gas and electric meters, with a detached garage and finished basement.
Where is this triplex located?
The property is located at 8305 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Three apartments with 2, 3, and 2 bedrooms; 3,410 square feet on a 33.5‑by‑100‑foot lot; Detached one‑car garage at the rear
