3-Unit Multifamily
For Sale
$1,600,000
Withheld Road, Brooklyn, NY 11203
Residential, Brooklyn, NY
Property Size2,881 SF
Lot Size0.11 Acres
Price / SF$555.36
Days on Market181
Property Features for Withheld Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Rooms
Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 8, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 5
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, A/C Unit - Window, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
East Flatbush
Standard status
Active
Size
2,881 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
9312
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood, Laminate
Roof type
Shingle
Listing Agency:
Kingsview Realty Corp.
Listed By:
Samuel Bernadeau
(718) 692-2010
Added: Apr 15
Changed: Oct 10
Last Checked: Oct 12 at 5:06AM
MLS# 500528
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 1930-built multifamily property contains 2,881 square feet and is arranged as a three-unit residence across three stories. The full basement adds several guest rooms, a large living area, and a full bathroom. Interior features include wall- and window-mounted A/C units, a microwave, refrigerator, stove, laminate flooring, and hardwood flooring. A porch and detached garage are also included.
The property occupies a 5,000-square-foot corner lot in East Flatbush, Brooklyn, with a 50-by-100-foot lot configuration and R4 zoning. Transportation options include the 2 and 5 subway lines along with B6, B8, B35, and B44 bus service. Grocers, a supermarket, laundromat, dining, personal services, places of worship, and daycares are located within the surrounding area, while the Church Avenue and Nostrand Avenue shopping corridors are five streets away.
The property occupies a 5,000-square-foot corner lot in East Flatbush, Brooklyn, with a 50-by-100-foot lot configuration and R4 zoning. Transportation options include the 2 and 5 subway lines along with B6, B8, B35, and B44 bus service. Grocers, a supermarket, laundromat, dining, personal services, places of worship, and daycares are located within the surrounding area, while the Church Avenue and Nostrand Avenue shopping corridors are five streets away.
Key Highlights
- Three‑unit multifamily configuration across three stories
- 2,881 square feet on a 5,000‑square‑foot corner lot
- 50‑by‑100‑foot lot with R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,898
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,017,960
$2.0M
Cap Rate 7%
$1,441,400
$1.4M
Cap Rate 9%
$1,121,089
$1.1M
Market Conditions
NOI Build-Up for 2,881 SF
Gross rent
$146.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$144.1K $50.03/SF
− OpEx
−$43.2K −$15.01/SF
NOI
$100.9K $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%
$2,017,960
Cap Rate 7%
$1,441,400
Cap Rate 9%
$1,121,089
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,898 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,954 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.78M
NOI $166,983 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,106
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story residence includes a basement, detached garage, and access to multiple bus and subway routes.
Where is this triplex located?
The property is located at Withheld Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑unit multifamily configuration across three stories; 2,881 square feet on a 5,000‑square‑foot corner lot; 50‑by‑100‑foot lot with R4 zoning
