Renovated Three-Unit Brooklyn
For Sale
$969,000
972 Dumont Ave, Brooklyn, NY 11208
Recently updated triplex with three residential units, flexible occupancy options, and convenient access to transportation and shopping.
Property Size2,850 SF
Price / SF$340
Days on Market42
Property Features for 972 Dumont Ave
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Nina Sabag · License #1020364
Source:
Realtyconnectusa
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 7:04PM
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 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
This renovated triplex at 972 Dumont Ave in Brooklyn contains approximately 2,850 square feet across three residential units. The first and second floors each offer a two-bedroom layout, while the third floor provides three bedrooms. Every unit includes 2 full baths, updated finishes, natural light, and functional living arrangements. The building measures 19 ft x 50 ft and was built in 1930.
The property is positioned near transportation, shopping, and neighborhood amenities in Brooklyn. It is offered vacant or with tenants, providing flexibility for an owner-occupant or an operator leasing the units. The three-level configuration and varied bedroom layouts support multiple residential occupancy arrangements.
The property is positioned near transportation, shopping, and neighborhood amenities in Brooklyn. It is offered vacant or with tenants, providing flexibility for an owner-occupant or an operator leasing the units. The three-level configuration and varied bedroom layouts support multiple residential occupancy arrangements.
Key Highlights
- Three‑unit residential property at 972 Dumont Ave, Brooklyn, NY 11208
- Approximately 2,850 square feet of total interior space
- Unit mix includes two 2‑bedroom units and one 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,220
$1.5M
Cap Rate 7%
$1,045,157
$1.0M
Cap Rate 9%
$812,900
$812.9K
Market Conditions
NOI Build-Up for 2,850 SF
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.
Gross rent
$109.4K $38.40/SF
− Vacancy
−$4.9K −$1.73/SF
EGI
$104.5K $36.67/SF
− OpEx
−$31.4K −$11.00/SF
NOI
$73.2K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,220
Cap Rate 7%
$1,045,157
Cap Rate 9%
$812,900
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$914.5K – $1.22M
NOI $73,161 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$930.6K
$814.3K – $1.09M
NOI $65,143 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,069 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Recently updated triplex with three residential units, flexible occupancy options, and convenient access to transportation and shopping.
Where is this triplex located?
The property is located at 972 Dumont Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Three‑unit residential property at 972 Dumont Ave, Brooklyn, NY 11208; Approximately 2,850 square feet of total interior space; Unit mix includes two 2‑bedroom units and one 3‑bedroom unit
