Detached Triplex with
For Sale
$2,450,000
8674 21st Ave, Brooklyn, NY 11214
Three residential units are complemented by a finished basement, outdoor space, and private parking.
Property Size3,361 SF
Days on Market9
Property Features for 8674 21st Ave
General Information
Standard status
Active
Size
3,361 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,186
Building Details
Building Size
3,361 SF
Year Built
1901
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Oct 4
Changed: Oct 11
Last Checked: Oct 11 at 7:10AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This detached, three-story triplex contains three apartments and a finished basement. The building measures 26 × 52 feet, with an approximately 8 × 15-foot front storage area, on a 35 × 97-foot lot. The apartments provide a combined 8 bedrooms and 5 bathrooms. The basement has two bonus rooms, a full bathroom, and its own side entrance. Outdoor features include a front terrace, rear deck, and backyard; a private driveway accommodates 2 cars. Built in 1901, the property is near shopping, restaurants, schools, and transportation. Its Walk Score is 95, and its Transit Score is 82.
Key Highlights
- Three apartments with a total of 8 bedrooms and 5 bathrooms
- Detached three‑story building with a finished basement, two bonus rooms, full bathroom, and separate side entrance
- Building measures 26 × 52 feet; front storage area is approximately 8 × 15 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,671
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,833,420
$1.8M
Cap Rate 7%
$1,309,586
$1.3M
Cap Rate 9%
$1,018,567
$1.0M
Market Conditions
NOI Build-Up for 3,361 SF
Gross rent
$137.1K $40.80/SF
− Vacancy
−$6.2K −$1.84/SF
EGI
$131.0K $38.96/SF
− OpEx
−$39.3K −$11.69/SF
NOI
$91.7K $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%
$1,833,420
Cap Rate 7%
$1,309,586
Cap Rate 9%
$1,018,567
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,671 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,158 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,245 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,657
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 - Three residential units are complemented by a finished basement, outdoor space, and private parking.
Where is this triplex located?
The property is located at 8674 21st Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Three apartments with a total of 8 bedrooms and 5 bathrooms; Detached three‑story building with a finished basement, two bonus rooms, full bathroom, and separate side entrance; Building measures 26 × 52 feet; front storage area is approximately 8 × 15 feet
