Three-Family Triplex
99 Eldert St, Brooklyn, NY 11207
For Sale
$2,400,000
Three-family rental property with a garden-level duplex, two upper residences, and private outdoor space.
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$800
Days on Market71
Property Features for 99 Eldert St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
central air
dishwashers
hardwood floors
exposed-brick character
on-site laundry
private outdoor space
Building Details
Year Built
Listing Agency:
NEXTHOME FINEST FIRST
Listed By:
Lane Clark · License NY #10491212843
(917) 589-4007
Source:
Realtyconnectusa
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 2:06PM
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 NEXTHOME FINEST FIRST
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Investment Insights
Based on property information with market context.
This three-family property includes approximately 3,000 gross building square feet on a 20-by-100-foot lot. The configuration consists of a garden-level duplex and two upper homes, with private outdoor space associated with the duplex. Prior rental marketing identifies central air, dishwashers, hardwood floors, exposed-brick details, and on-site laundry among the property features.
The property is located near the Broadway corridor and the J service, with connections to Bushwick, Bed-Stuy, and Manhattan. A seller-provided rent roll reflects existing rental income, while bedroom counts, lease rents, legal layouts, regulated status, expenses, and dimensions remain subject to verification.
The property is located near the Broadway corridor and the J service, with connections to Bushwick, Bed-Stuy, and Manhattan. A seller-provided rent roll reflects existing rental income, while bedroom counts, lease rents, legal layouts, regulated status, expenses, and dimensions remain subject to verification.
Key Highlights
- Three‑family property with approximately 3,000 gross building square feet
- 20‑by‑100‑foot lot
- Garden‑level duplex plus two upper homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,987
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family rental property with a garden-level duplex, two upper residences, and private outdoor space.
Where is this triplex located?
The property is located at 99 Eldert St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three‑family property with approximately 3,000 gross building square feet; 20‑by‑100‑foot lot; Garden‑level duplex plus two upper homes
