3-Unit Brick Multifamily
New
For Sale
$1,899,999
8782 21st Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,025 SF
Lot Size0.07 Acres
Price / SF$628.10
Days on Market2
Property Features for 8782 21st Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
Parking features
Garage
Interior features
A/C Unit - Wall, Dishwasher, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
3,025 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
14125
Building Details
Year built
1975
Floors in Building
2
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Wilson Duong
(718) 382-0001
Added: Oct 22
Last Checked: Oct 23 at 6:06AM
MLS# 505564
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 3,025-square-foot brick multifamily property was built in 1975 and contains three residential units across three levels. The upper floors have three-bedroom and three-bedroom layouts, while the lower level has two bedrooms. A one-car attached garage and a gated driveway with space for two additional vehicles provide parking. The property sits on a 0.0666-acre lot and is zoned R5; its certificate of occupancy covers three families, and no open violations are noted.
The property is in Brooklyn, with the 86th Street shopping and dining area, the D train at 20th Avenue, local bus service, and the Belt Parkway cited as nearby destinations. The property is in Flood Zone X.
The property is in Brooklyn, with the 86th Street shopping and dining area, the D train at 20th Avenue, local bus service, and the Belt Parkway cited as nearby destinations. The property is in Flood Zone X.
Key Highlights
- Three residential units with bedroom layouts of 3, 3, and 2
- 3,025 square feet across three levels
- One‑car attached garage plus gated driveway parking for two more vehicles
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
Multi-tenant
Tenancy
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 - Three residential units are arranged across three levels, with a private garage and driveway parking.
Where is this triplex located?
The property is located at 8782 21st Avenue 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 residential units with bedroom layouts of 3, 3, and 2; 3,025 square feet across three levels; One‑car attached garage plus gated driveway parking for two more vehicles
