Renovated Triplex
For Sale
$950,000
972 Dumont Ave, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size1,520 SF
Lot Size0.07 Acres
Price / SF$625
Days on Market48
Property Features for 972 Dumont Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 4
Interior features
Entrance Foyer
Subdivision
East New York
Standard status
Active
Size
1,520 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2739
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 18 at 3:06AM
MLS# 11960955
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This triplex property contains three residential units arranged across three floors. The first and second floors each provide a two-bedroom layout, while the third floor includes three bedrooms. Each residence has been renovated with contemporary finishes and includes hardwood flooring and an entrance foyer. The property is currently vacant as of September 2nd.
Built in 1930, the building measures 19 feet by 50 feet and sits on a 0.0654-acre lot. Its Brooklyn location places the property near transportation, shopping, and neighborhood amenities. The three-unit configuration supports leasing the residences individually or occupying one unit while using the others for residential income.
Built in 1930, the building measures 19 feet by 50 feet and sits on a 0.0654-acre lot. Its Brooklyn location places the property near transportation, shopping, and neighborhood amenities. The three-unit configuration supports leasing the residences individually or occupying one unit while using the others for residential income.
Key Highlights
- Three‑unit configuration with two 2‑bedroom residences and one 3‑bedroom residence
- Each unit has been renovated with modern finishes
- 19ft x 50ft building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,019
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,380
$780.4K
Cap Rate 7%
$557,414
$557.4K
Cap Rate 9%
$433,544
$433.5K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$58.4K $38.40/SF
− Vacancy
−$2.6K −$1.73/SF
EGI
$55.7K $36.67/SF
− OpEx
−$16.7K −$11.00/SF
NOI
$39.0K $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 Rate 5%
$780,380
Cap Rate 7%
$557,414
Cap Rate 9%
$433,544
Alternative Uses
Best Use
Multifamily LT 5
$557.4K
$487.7K – $650.3K
NOI $39,019 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$496.3K
$434.3K – $579.1K
NOI $34,743 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$930.1K
$813.8K – $1.09M
NOI $65,104 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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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 - Three residential units offer two-bedroom and three-bedroom layouts in a recently updated building.
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 $950,000.
What are key features of this property?
This property features: Three‑unit configuration with two 2‑bedroom residences and one 3‑bedroom residence; Each unit has been renovated with modern finishes; 19ft x 50ft building footprint
