920 Myrtle Avenue, Brooklyn, NY 11206
For Sale
$2,799,999
Triplexes
Property Size3,160 SF
Days on Market13
Property Features for 920 Myrtle Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Mimi Realty USA, Inc
Listed By:
Avigdor Rosenfeld
(929) 355-5916
Source:
Serhant
Added: Oct 29
Changed: Nov 9
Last Checked: Nov 10 at 6:07PM
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 Mimi Realty USA, Inc
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,669
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,213,380
$2.2M
Cap Rate 7%
$1,580,986
$1.6M
Cap Rate 9%
$1,229,656
$1.2M
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$161.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$158.1K $50.03/SF
− OpEx
−$47.4K −$15.01/SF
NOI
$110.7K $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 Rate 5%
$2,213,380
Cap Rate 7%
$1,580,986
Cap Rate 9%
$1,229,656
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,669 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,472 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
5,377
Businesses Nearby
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Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this triplex located?
The property is located at 920 Myrtle Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,799,999.
