Triplex with Front
New
For Sale
$2,450,000
8674 21st Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,361 SF
Lot Size0.08 Acres
Price / SF$728.95
Days on Market1
Property Features for 8674 21st Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 5
Patio and Porch features
Porch, Deck
Interior features
A/C Unit - Wall, Deck, Dishwasher, Dryer, Porch, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
3,361 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
11186
Amenities
front terrace
rear deck
backyard
Building Details
Year built
1901
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Oct 2
Last Checked: Oct 2 at 7:06PM
MLS# 505006
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.
Investment Insights
Based on property information with market context.
This detached, three-story triplex contains 3,361 square feet on a 0.0777-acre lot. The upper two apartments each have three bedrooms; the second-floor residence also has 1.5 bathrooms and a front terrace. On the ground level, a two-bedroom apartment includes separate living and dining rooms, an eat-in kitchen, and access to the rear deck and yard. The finished basement adds two bonus rooms, a full bathroom, and a separate side entrance.
The building measures 26 by 52 feet, with an approximately 8-by-15-foot front storage area. A private driveway accommodates two cars. The property is in Brooklyn, with shopping, restaurants, transit, and schools among the surrounding neighborhood amenities. It was built in 1901 and is zoned R5.
The building measures 26 by 52 feet, with an approximately 8-by-15-foot front storage area. A private driveway accommodates two cars. The property is in Brooklyn, with shopping, restaurants, transit, and schools among the surrounding neighborhood amenities. It was built in 1901 and is zoned R5.
Key Highlights
- Detached three‑family building with 3,361 square feet
- 0.0777‑acre lot; building measures 26' by 52'
- Two upper apartments each offer three bedrooms
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
$91,671
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
3.74%
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%
$1,833,420
$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
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
$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 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%
$1,833,420
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
Lease Details
3
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two residences have three bedrooms each, while the ground-floor apartment has two bedrooms and backyard access.
Where is this triplex located?
The property is located at 8674 21st Avenue 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: Detached three‑family building with 3,361 square feet; 0.0777‑acre lot; building measures 26' by 52'; Two upper apartments each offer three bedrooms
