Three-Family Brick
New
For Sale
$1,899,999
8782 21st Ave, Brooklyn, NY 11214
Legal three-family occupancy pairs a stacked residential layout with an attached garage and gated driveway parking.
Property Size3,025 SF
Lot Size0.07 Acres
Days on Market5
Property Features for 8782 21st Ave
General Information
Standard status
Active
Size
3,025 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,125
Building Details
Building Size
3,025 SF
Year Built
1975
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Momentum Real Estate, LLC
Listed By:
Wilson Duong · License #KEY348044
(718) 382-0001
Source:
Elliman
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 4:10PM
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 Momentum Real Estate, LLC
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Investment Insights
Based on property information with market context.
This semi-detached brick residence is configured for three families, with a 3-bedroom, 3-bedroom and 2-bedroom arrangement across three levels. The walk-in lower level includes an attached one-car garage; a gated driveway provides space for two additional vehicles. The lot measures 30 by 96.67 feet, and the building dates to 1975. A Certificate of Occupancy for three families is on file, and the property is in flood zone X with no open violations.
The property is near shopping and dining along 86th Street, the D train at 20th Avenue, local bus service and the Belt Parkway. Walk, transit and bike scores are 95, 75 and 56, respectively.
The property is near shopping and dining along 86th Street, the D train at 20th Avenue, local bus service and the Belt Parkway. Walk, transit and bike scores are 95, 75 and 56, respectively.
Key Highlights
- Three‑family Certificate of Occupancy on file; no open violations
- Eight bedrooms arranged as 3‑bedroom, 3‑bedroom and 2‑bedroom units
- Three levels with a walk‑in lower level and attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,506
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,120
$1.7M
Cap Rate 7%
$1,178,657
$1.2M
Cap Rate 9%
$916,733
$916.7K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$123.4K $40.80/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$117.9K $38.96/SF
− OpEx
−$35.4K −$11.69/SF
NOI
$82.5K $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%
$1,650,120
Cap Rate 7%
$1,178,657
Cap Rate 9%
$916,733
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,506 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$1.06M
$924.3K – $1.23M
NOI $73,944 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,525 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,199
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family occupancy pairs a stacked residential layout with an attached garage and gated driveway parking.
Where is this triplex located?
The property is located at 8782 21st Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Three‑family Certificate of Occupancy on file; no open violations; Eight bedrooms arranged as 3‑bedroom, 3‑bedroom and 2‑bedroom units; Three levels with a walk‑in lower level and attached 1‑car garage
