New Construction
For Sale
$2,100,000
939 Brooklyn Ave, Brooklyn, NY 11203
Legal three-family property with a finished cellar and backyard access.
Property Size3,088 SF
Price / SF$680.05
Days on Market85
Property Features for 939 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:
Goldmark Realty Inc
(646) 696-1693
Listed By:
The Ferrara Team
(347) 450-0153
Source:
Nyrealestate
Added: Jul 30
Changed: Oct 19
Last Checked: Oct 20 at 8:24PM
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 Goldmark Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2022, this triplex is arranged as a legal three-family house with 3,088 square feet of property size. The finished cellar includes exits to the backyard, adding a distinct lower-level feature to the configuration. The property is located at 939 Brooklyn Ave in Brooklyn, NY 11203 and is identified as new construction.
Key Highlights
- Legal three‑family house
- 3,088 square feet of property size
- Finished cellar with exits to the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,147
Cap Rate
5.15%
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 5.15%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,273 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $178,980 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 property with a finished cellar and backyard access.
Where is this triplex located?
The property is located at 939 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Legal three‑family house; 3,088 square feet of property size; Finished cellar with exits to the backyard
