Renovated Brick
New
For Sale
$1,699,999
914 84th Street, Brooklyn, NY 11228
Residential Income, Brooklyn, NY
Property Size2,546 SF
Lot Size0.04 Acres
Price / SF$667.71
Days on Market6
Property Features for 914 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
5
Bathrooms
6
Full bathrooms
3
Rooms
Bathroom 4, Bathroom 6, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 5, Bathroom 2
Parking features
On Street
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
APN
060290013
Size
2,546 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8835
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
finished basement
updated heating and cooling systems
corner lot
close proximity to transportation, restaurants, and shopping
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Building materials
Brick
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 2604791
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,546-square-foot brick triplex was built in 1930 on a 0.0438-acre corner lot and has been renovated throughout. The main level is configured as an open-concept office, with a finished basement extending across the floorplate and providing direct driveway access. Two renovated one-bedroom apartments occupy the second level, each with a primary bedroom, living area, and eat-in kitchen.
The property includes 3 gas meters, hot-water heating, natural gas service, and mini-split units in every apartment. A 2-car driveway accompanies the building, with on-street parking also listed. The property is served by public sewer and is zoned R5. Its Brooklyn location places it near transportation, restaurants, and shopping.
The property includes 3 gas meters, hot-water heating, natural gas service, and mini-split units in every apartment. A 2-car driveway accompanies the building, with on-street parking also listed. The property is served by public sewer and is zoned R5. Its Brooklyn location places it near transportation, restaurants, and shopping.
Key Highlights
- 2,546 square feet on a 0.0438‑acre corner lot
- Three‑family brick property with a 1930 construction year
- Two renovated 1‑bedroom apartments on the second level
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
$89,165
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
5.25%
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%
$1,783,300
$1.8M
Cap Rate 7%
$1,273,786
$1.3M
Cap Rate 9%
$990,722
$990.7K
Market Conditions
NOI Build-Up for 2,546 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
$129.8K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$127.4K $50.03/SF
− OpEx
−$38.2K −$15.01/SF
NOI
$89.2K $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%
$1,783,300
Cap Rate 7%
$1,273,786
Cap Rate 9%
$990,722
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.49M
NOI $89,165 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.11M
$971.6K – $1.30M
NOI $77,727 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,566 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
3,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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 - Three-family property with two renovated one-bedroom apartments, an open-concept office, and finished basement space.
Where is this triplex located?
The property is located at 914 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: 2,546 square feet on a 0.0438‑acre corner lot; Three‑family brick property with a 1930 construction year; Two renovated 1‑bedroom apartments on the second level
