Brooklyn Three-Family Income
For Sale
$3,750,000
91 Hudson Avenue, Brooklyn, NY 11201
Three-family property in Brooklyn's Vinegar Hill neighborhood.
Property Size4,575 SF
Days on Market159
Property Features for 91 Hudson Avenue
General Information
Standard status
Active
Size
4,575 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$21,484
Building Details
Building Size
4,575 SF
Year Built
2004
Listing Agency:
Keller Williams Realty Greater
Listed By:
Randy Lin · License #10401299113
(607) 423-8965
Source:
Serhant
Added: Apr 7
Changed: Aug 25
Last Checked: Sep 11 at 3:20PM
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 Keller Williams Realty Greater
Investment Insights
Based on property information with market context.
This three-family property is located in the Vinegar Hill neighborhood of Brooklyn. Constructed in 2004, this building features a blend of classic architecture and modern updates. The property contains a total of 9 bedrooms and 6 bathrooms. Interior features include hardwood floors and updated kitchens with modern appliances. The Vinegar Hill neighborhood provides access to cafes, boutique shops, and dining options, as well as proximity to DUMBO. Transportation is facilitated by the F train, which provides connections throughout Brooklyn and into Manhattan. The location has a bike score of 93, indicating it is a biker's paradise, a walk score of 99, indicating it is a walker's paradise, and a transit score of 100, indicating it is a rider's paradise. This property may be suitable for investors or owner-occupants.
Key Highlights
- Strong income‑producing three‑family property
- Located in the highly desirable Vinegar Hill neighborhood of Brooklyn
- Features 9 bedrooms and 6 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$160,224
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,204,480
$3.2M
Cap Rate 7%
$2,288,914
$2.3M
Cap Rate 9%
$1,780,267
$1.8M
Market Conditions
NOI Build-Up for 4,575 SF
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.
Gross rent
$233.3K $51.00/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$228.9K $50.03/SF
− OpEx
−$68.7K −$15.01/SF
NOI
$160.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,204,480
Cap Rate 7%
$2,288,914
Cap Rate 9%
$1,780,267
Alternative Uses
Best Use
Multifamily LT 5
$2.29M
$2.00M – $2.67M
NOI $160,224 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$2.00M
$1.75M – $2.33M
NOI $139,670 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$3.79M
$3.31M – $4.42M
NOI $265,167 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,962
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in Brooklyn's Vinegar Hill neighborhood.
Where is this triplex located?
The property is located at 91 Hudson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Strong income‑producing three‑family property; Located in the highly desirable Vinegar Hill neighborhood of Brooklyn; Features **9 bedrooms and 6 bathrooms**
