Three-Family Home with Private
942 72nd Street Brooklyn, NY 11228
New
942 72nd Street, Brooklyn, NY, 11228
$2,888,000
For Sale
$2,888,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,744 SF
Lot Size0.18 Acres
Price / SF$1,052
Days on Market2
Property Features for 942 72nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 1
- Parking features
- Garage - Detached
- Patio and Porch features
- Patio, Porch
- Interior features
- Dishwasher, Dryer, Garage Door Opener(s), Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
- Basement
- Finished
- Standard status
- Active
- Size
- 2,744 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7200
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency
Keller Williams Realty Empire
(718) 954-8400
8508 3rd Ave, Brooklyn, NY
Listed by
Louis M. Guida
(917) 836-1050
Added: Jul 16 Checked: Jul 17 at 2:06 am
MLS# 502965
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal three-family home includes three separate apartments with a total building size of 2,744 square feet, set on an 8,000 square foot lot zoned R4-1. The first-floor duplex has four bedrooms, a living room, dining room, eat-in kitchen, two bathrooms, a front yard, a rear porch, and a semi-finished basement. The second floor is a one-bedroom unit with a kitchen, dining room, bathroom, and a screened-in balcony. The top floor is a one-bedroom unit with a living room and dining room. The property is served by one heating system, consisting of a gas boiler and hot water heater, serving the entire building, and includes a private driveway and a detached double-car garage.
The private driveway accommodates up to six vehicles and supports convenient off-street parking. The detached double-car garage adds additional storage or parking capacity for residents or tenants.
For redevelopment, approved conceptual designs are available to build three new two-family homes, each with a detached garage, with a maximum total buildable area of approximately 7,965 square feet under the current zoning.
The private driveway accommodates up to six vehicles and supports convenient off-street parking. The detached double-car garage adds additional storage or parking capacity for residents or tenants.
For redevelopment, approved conceptual designs are available to build three new two-family homes, each with a detached garage, with a maximum total buildable area of approximately 7,965 square feet under the current zoning.
Key Highlights
- Legal three‑family home built in 1901 with colonial architectural style
- 8,000 sq ft lot zoned R4‑1 with private driveway and detached double‑car garage
- Apartment layout: approx. 1,700 sq ft first‑floor duplex (4BR, 2BA) plus approx. 900 sq ft 1BR second‑floor unit and approx. 800 sq ft top‑floor 1BR unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.9k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $137.3k | $50.03 |
| − OpEx | −$41.2k | −$15.01 |
| NOI | $96.1k | $35.02 |
2,744 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,100 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,771 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$2.27M
$1.99M – $2.65M
NOI $159,042 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family residence with private driveway, detached double-car garage, and one shared gas heating system on an R4-1 lot.
Where is this triplex located?
The property is located at 942 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: Legal three‑family home built in 1901 with colonial architectural style; 8,000 sq ft lot zoned R4‑1 with private driveway and detached double‑car garage; Apartment layout: approx. 1,700 sq ft first‑floor duplex (4BR, 2BA) plus approx. 900 sq ft 1BR second‑floor unit and approx. 800 sq ft top‑floor 1BR unit
