New Construction
For Sale
$1,995,000
937 Brooklyn Ave, Brooklyn, NY 11203
Three-family configuration with a finished cellar opening directly to the backyard.
Property Size3,088 SF
Price / SF$646.05
Days on Market85
Property Features for 937 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:
Matthew J Freda Real Estate
(845) 887-5640
Listed By:
Virginia Corbett · License #10401314602
(845) 254-2429
Source:
Virginiacorbetthometeam
Added: Jul 30
Changed: Oct 21
Last Checked: Oct 20 at 8:29PM
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 Matthew J Freda Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this legal triplex provides a three-family residential configuration with a finished cellar. The lower-level space includes an exit to the backyard, adding direct outdoor access to the property’s usable areas.
Located at 937 Brooklyn Ave in Brooklyn, New York, the property offers a recently constructed multifamily asset within the 11203 ZIP code.
Located at 937 Brooklyn Ave in Brooklyn, New York, the property offers a recently constructed multifamily asset within the 11203 ZIP code.
Key Highlights
- Legal three‑family residential property
- Built in 2022
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
Frequently Asked Questions
What type of property is this?
Triplex - Three-family configuration with a finished cellar opening directly to the backyard.
Where is this triplex located?
The property is located at 937 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 residential property; Built in 2022; Finished cellar with backyard exit
