New Construction
For Sale
$2,350,000
941 Brooklyn Ave, Brooklyn, NY 11203
Three-family residential property with a finished cellar that opens to the backyard.
Property Size3,240 SF
Price / SF$725.31
Days on Market78
Property Features for 941 Brooklyn Ave
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Land
Additional Details
Multifamily Units
3
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Orange West Realty
(845) 856-4400
Listed By:
Virginia Corbett · License #10401314602
(845) 254-2429
Source:
Virginiacorbetthometeam
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 14 at 10:42PM
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 Orange West Realty
Investment Insights
Based on property information with market context.
Built in 2022, this three-family house offers 3,240 square feet across a triplex configuration. The property includes a finished cellar with an exit leading to the backyard, adding usable lower-level space and direct outdoor access.
Located at 941 Brooklyn Ave in Brooklyn, NY 11203, the residence presents a recently constructed multifamily format for an owner or residential income property buyer. Its three-family layout and finished lower level provide the defining physical features of the asset.
Located at 941 Brooklyn Ave in Brooklyn, NY 11203, the residence presents a recently constructed multifamily format for an owner or residential income property buyer. Its three-family layout and finished lower level provide the defining physical features of the asset.
Key Highlights
- Three‑family house configured as a triplex
- 3,240 square feet of property size
- Finished cellar with an exit to the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,470
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,400
$2.3M
Cap Rate 7%
$1,621,000
$1.6M
Cap Rate 9%
$1,260,778
$1.3M
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$165.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$162.1K $50.03/SF
− OpEx
−$48.6K −$15.01/SF
NOI
$113.5K $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%
$2,269,400
Cap Rate 7%
$1,621,000
Cap Rate 9%
$1,260,778
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,470 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,914 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,790 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family residential property with a finished cellar that opens to the backyard.
Where is this triplex located?
The property is located at 941 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Three‑family house configured as a triplex; 3,240 square feet of property size; Finished cellar with an exit to the backyard
