East Flatbush Three-Family
868 E 46th Street Brooklyn, NY 11203
868 E 46th Street, Brooklyn, NY, 11203
$1,189,000
For Sale
$1,189,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,411 SF
Lot Size0.05 Acres
Price / SF$493.16
Days on Market117
Property Features for 868 E 46th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2
- Parking features
- Garage
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,411 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6875
Building Details
- Number of units
- 3
- Flooring type
- Carpet, Hardwood, Tile
- Building materials
- Brick, Masonry
- Roof type
- Flat, Rubber
Listing Agency
Citadel Circle Realty
(718) 717-8251
1111 Utica Ave, Brooklyn, NY
Listed by
Wesley Ally
(718) 717-8251
Added: Mar 23 Checked: Jul 17 at 8:06 am
MLS# 499885
Listing URL
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.
Located in the East Flatbush area, this well-kept three-family home features a two-bedroom apartment over a two-bedroom apartment over a one-bedroom apartment. The second and third-floor apartments feature hardwood floors. The property includes a private driveway, a garage, and a backyard. The lot size is 0.0459 acres, and the property size is 2411 square feet. The property is located close to public transportation.
Key Highlights
- 3‑family home with unit mix of 2‑bedroom, 2‑bedroom, and 1‑bedroom apartments
- Hardwood floors in the 2nd and 3rd floor apartments
- Brick/masonry construction with flat rubber roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.0k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.6k | $50.03 |
| − OpEx | −$36.2k | −$15.01 |
| NOI | $84.4k | $35.02 |
2,411 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,437 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$1.05M
$920.1K – $1.23M
NOI $73,605 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,742 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-kept three-family home in East Flatbush with private driveway.
Where is this triplex located?
The property is located at 868 E 46th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: 3‑family home with unit mix of 2‑bedroom, 2‑bedroom, and 1‑bedroom apartments; Hardwood floors in the 2nd and 3rd floor apartments; Brick/masonry construction with flat rubber roof
