Four-Unit Multifamily
For Sale
$1,300,000
105 Rockaway Parkway, Brooklyn, NY 11212
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,198 SF
Lot Size0.05 Acres
Price / SF$406.50
Days on Market28
Property Features for 105 Rockaway Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 9, Bedroom 7, Bedroom 4, Bedroom 10, Bedroom 5, Bedroom 8, Bedroom 6
Subdivision
Brownsville
Standard status
Active
Size
3,198 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12358
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
TWELVE STONES REALTY
(973) 873-8444
Listed By:
Avraham Birnbaum
(973) 873-8444
Added: Jul 13
Changed: Aug 5
Last Checked: Aug 9 at 9:06AM
MLS# 11908757
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.
Investment Insights
Based on property information with market context.
This 3,198-square-foot brick multifamily property contains four apartments: two with two bedrooms and one bathroom, plus two with three bedrooms and one bathroom. A finished basement and detached garage add to the property’s physical improvements, while hardwood flooring, natural-gas baseboard heat, a flat roof, and public water service are in place. The building was constructed in 1930.
The property occupies a 25' x 95' lot at 105 Rockaway Parkway in Brooklyn’s Brownsville neighborhood. R6 zoning supports its multifamily classification. The site is positioned near public transportation, shopping, schools, parks, and other neighborhood amenities. Current income, projected income, and a projected cap rate are provided in the listing materials, with the financial profile also reflecting vacant-unit lease-up assumptions and separate garage income.
The property occupies a 25' x 95' lot at 105 Rockaway Parkway in Brooklyn’s Brownsville neighborhood. R6 zoning supports its multifamily classification. The site is positioned near public transportation, shopping, schools, parks, and other neighborhood amenities. Current income, projected income, and a projected cap rate are provided in the listing materials, with the financial profile also reflecting vacant-unit lease-up assumptions and separate garage income.
Key Highlights
- Four‑unit layout with two 2‑bedroom and two 3‑bedroom apartments
- Approximately 3,198 SF building on a 25' x 95' lot
- Finished basement and detached garage
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
$111,999
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
8.62%
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%
$2,239,980
$2.2M
Cap Rate 7%
$1,599,986
$1.6M
Cap Rate 9%
$1,244,433
$1.2M
Market Conditions
NOI Build-Up for 3,198 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
$163.1K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.0K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.0K $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 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%
$2,239,980
Cap Rate 7%
$1,599,986
Cap Rate 9%
$1,244,433
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $111,999 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,356 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom and three-bedroom apartments are complemented by a finished basement and detached garage.
Where is this quadplex located?
The property is located at 105 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit layout with two 2‑bedroom and two 3‑bedroom apartments; Approximately 3,198 SF building on a 25' x 95' lot; Finished basement and detached garage
