Brick Triplex with Private
New
For Sale
$1,999,000
8826 24th Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,364 SF
Lot Size0.07 Acres
Price / SF$594.23
Days on Market2
Property Features for 8826 24th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 8, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking features
Garage
Interior features
Garage Door Opener(s), Laundry Area, Refrigerator
Subdivision
Bensonhurst
Standard status
Active
Size
3,364 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
12567
Amenities
enclosed backyard
Building Details
Year built
1965
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Linoleum, Carpet
Building materials
Brick
Roof type
Flat
Buildings
1
Listing Agency:
BRP Associates Inc
Listed By:
Jean Paul Ho
(718) 713-6888
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 6:06PM
MLS# 505610
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 semi-attached, brick three-family building was constructed in 1965 and contains approximately 3,364 square feet. Two of the apartments have three bedrooms, formal living and dining rooms, and eat-in kitchens. The main bedroom in each has a half bath and closet; the building has three full bathrooms. The garage is currently configured as a family room, and the enclosed backyard provides additional outdoor space. Other features include a private driveway, two-zone heating, separate hot water heaters, and a repointed brick exterior. The property will be delivered vacant.
The site measures approximately 31.42 by 95.42 feet, with building dimensions of approximately 22.33 by 55.42 feet, and is zoned R5. It is near neighborhood shops, restaurants, public transportation, the D train, and local bus lines.
The site measures approximately 31.42 by 95.42 feet, with building dimensions of approximately 22.33 by 55.42 feet, and is zoned R5. It is near neighborhood shops, restaurants, public transportation, the D train, and local bus lines.
Key Highlights
- Three‑family brick building constructed in 1965
- Approximately 3,364 square feet of building area
- Two 3‑bedroom apartments, each with formal living and dining rooms and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,752
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,040
$1.8M
Cap Rate 7%
$1,310,743
$1.3M
Cap Rate 9%
$1,019,467
$1.0M
Market Conditions
NOI Build-Up for 3,364 SF
Gross rent
$137.3K $40.80/SF
− Vacancy
−$6.2K −$1.84/SF
EGI
$131.1K $38.96/SF
− OpEx
−$39.3K −$11.69/SF
NOI
$91.8K $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%
$1,835,040
Cap Rate 7%
$1,310,743
Cap Rate 9%
$1,019,467
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,752 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,231 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,367 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant three-family property includes a garage currently arranged as a family room and an enclosed backyard.
Where is this triplex located?
The property is located at 8826 24th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three‑family brick building constructed in 1965; Approximately 3,364 square feet of building area; Two 3‑bedroom apartments, each with formal living and dining rooms and an eat‑in kitchen
