Brick Triplex with Private
8774 23rd Avenue, Brooklyn, NY 11214
For Sale
New
$1,800,000
Residential, Brooklyn, NY
Property Size2,848 SF
Lot Size0.05 Acres
Price / SF$632.02
Days on Market3
Property Features for 8774 23rd Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Amenities
gated front patio
rear patio
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Real Broker NY LLC
Listed By:
Joshua Skyer
(718) 256-4000
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 505747
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 1960 brick triplex contains three apartments: one with two bedrooms and one bathroom, one with three bedrooms and two bathrooms, and one with four bedrooms and two bathrooms. The building totals 2,848 square feet on a 0.0532-acre lot. A finished basement, separate utility meters, window air-conditioning units, and a private driveway with off-street parking are among its features. Gated front and rear patios provide additional outdoor space.
The property is near shops and restaurants along Bath Avenue and 86th Street, with access to the D train and Belt Parkway nearby. It is zoned R5. Delivery may be with the current tenants or vacant; the finished basement’s permitted use should be verified.
The property is near shops and restaurants along Bath Avenue and 86th Street, with access to the D train and Belt Parkway nearby. It is zoned R5. Delivery may be with the current tenants or vacant; the finished basement’s permitted use should be verified.
Key Highlights
- Three apartments with a 2‑bedroom/1‑bath, 3‑bedroom/2‑bath, and 4‑bedroom/2‑bath layout
- 2,848 square feet on a 0.0532‑acre lot
- Finished basement; permitted use should be verified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,679
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,553,580
$1.6M
Cap Rate 7%
$1,109,700
$1.1M
Cap Rate 9%
$863,100
$863.1K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$116.2K $40.80/SF
− Vacancy
−$5.2K −$1.84/SF
EGI
$111.0K $38.96/SF
− OpEx
−$33.3K −$11.69/SF
NOI
$77.7K $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%
$1,553,580
Cap Rate 7%
$1,109,700
Cap Rate 9%
$863,100
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.0K – $1.29M
NOI $77,679 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$994.5K
$870.2K – $1.16M
NOI $69,618 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,297 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,851
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
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 apartments offer a combined nine bedrooms and five full bathrooms.
Where is this triplex located?
The property is located at 8774 23rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three apartments with a 2‑bedroom/1‑bath, 3‑bedroom/2‑bath, and 4‑bedroom/2‑bath layout; 2,848 square feet on a 0.0532‑acre lot; Finished basement; permitted use should be verified
