Brooklyn Brick Three-Family
For Sale
$2,200,000
911 48th Street, Brooklyn, NY 11219
Semi-detached brick three-family building in Brooklyn for sale.
Property Size2,680 SF
Price / SF$820.90
Days on Market667
Property Features for 911 48th Street
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,315
Building Details
Year Built
1925
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Exitrealty
Added: Dec 14, 2024
Changed: Sep 2
Last Checked: Sep 15 at 5:36AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This is a semi-detached brick three-family property. The building dimensions are 21 feet by 67 feet, situated on a lot measuring 25.5 feet by 100 feet. It features a shared driveway and a finished basement. The property includes three heating systems and three boilers.
Key Highlights
- Three‑family brick building, offering potential rental income.
- Finished basement provides additional living or storage space.
- Separate heating systems (3 heats and 3 boilers) for tenant comfort and control.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,396
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,920
$1.5M
Cap Rate 7%
$1,105,657
$1.1M
Cap Rate 9%
$859,956
$860.0K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$115.8K $43.20/SF
− Vacancy
−$5.2K −$1.94/SF
EGI
$110.6K $41.26/SF
− OpEx
−$33.2K −$12.38/SF
NOI
$77.4K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,920
Cap Rate 7%
$1,105,657
Cap Rate 9%
$859,956
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$967.5K – $1.29M
NOI $77,396 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$992.5K
$868.4K – $1.16M
NOI $69,475 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,616 @ 7.0% cap · market cap 5.53%
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
1,828
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Semi-detached brick three-family building in Brooklyn for sale.
Where is this triplex located?
The property is located at 911 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three‑family brick building, offering potential rental income.; Finished basement provides additional living or storage space.; Separate heating systems (3 heats and 3 boilers) for tenant comfort and control.
