New Construction
For Sale
$1,995,000
935 Brooklyn Ave, Brooklyn, NY 11203
Legal three-family residence with a finished cellar opening to the backyard.
Property Size3,088 SF
Price / SF$646.05
Days on Market80
Property Features for 935 Brooklyn Ave
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Land
Additional Details
Multifamily Units
3
Building Details
Year Built
2022
Listing Agency:
Compass Greater Ny LLC
(516) 703-3378
Listed By:
The Ferrara Team
(347) 450-0153
Source:
Nyrealestate
Added: Jul 30
Changed: Oct 16
Last Checked: Oct 16 at 8:19AM
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 Compass Greater Ny LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this 3,088-square-foot triplex is configured as a legal three-family house. The property includes a finished cellar with direct access to the backyard, adding usable space and a connection to the outdoor area.
The residence is located at 935 Brooklyn Ave in Brooklyn, New York, within the 11203 ZIP code. Its three-family classification and recent construction provide a clearly defined residential income configuration.
The residence is located at 935 Brooklyn Ave in Brooklyn, New York, within the 11203 ZIP code. Its three-family classification and recent construction provide a clearly defined residential income configuration.
Key Highlights
- Legal three‑family house
- 3,088 square feet of property size
- Finished cellar with backyard exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,147
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,162,940
$2.2M
Cap Rate 7%
$1,544,957
$1.5M
Cap Rate 9%
$1,201,633
$1.2M
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$157.5K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$154.5K $50.03/SF
− OpEx
−$46.3K −$15.01/SF
NOI
$108.1K $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%
$2,162,940
Cap Rate 7%
$1,544,957
Cap Rate 9%
$1,201,633
Alternative Uses
Best Use
Multifamily LT 5
$1.54M
$1.35M – $1.80M
NOI $108,147 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,273 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $178,980 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family residence with a finished cellar opening to the backyard.
Where is this triplex located?
The property is located at 935 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Legal three‑family house; 3,088 square feet of property size; Finished cellar with backyard exit
