Four-Family Brick Building with Detached
For Sale
$2,250,000
1144 71st Street, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size2,436 SF
Lot Size0.06 Acres
Price / SF$923.65
Days on Market169
Property Features for 1144 71st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 5, Bathroom 2
Interior features
A/C Unit - Wall, A/C Unit - Window, Alarm, Central Air, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove
Subdivision
Dyker Heights
Standard status
Active
Size
2,436 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
16000
Building Details
Year built
1928
Floors in Building
3
Number of units
4
Flooring type
Tile, Ceramic, Granite, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Compass Realty Central Inc.
(718) 232-6400
Listed By:
Lisa A. Chierchio
(718) 232-6400
Added: Mar 16
Changed: Aug 3
Last Checked: Aug 31 at 8:06AM
MLS# 499661
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.
1144 71st Street in Brooklyn, NY 11228 is a semi-attached four-family residential building constructed with brick and built in 1928. The property contains 2,436 square feet and sits on a 0.0585-acre lot, with a flat roof.
The first-floor unit offers 2 bedrooms and 1 full bathroom and includes oak wood flooring, central air, radiant heat, and a custom kitchen. The second floor is configured as two separate apartments, each with 1 bedroom and 1 bathroom. Interior amenities include an alarm, laundry area, and multiple in-unit and wall/window A/C units, along with a range of appliances such as a dishwasher, microwave, refrigerator, and stove. Flooring finishes include hardwood, tile, and ceramic.
A detached two-car garage provides additional on-site parking convenience for residents.
The first-floor unit offers 2 bedrooms and 1 full bathroom and includes oak wood flooring, central air, radiant heat, and a custom kitchen. The second floor is configured as two separate apartments, each with 1 bedroom and 1 bathroom. Interior amenities include an alarm, laundry area, and multiple in-unit and wall/window A/C units, along with a range of appliances such as a dishwasher, microwave, refrigerator, and stove. Flooring finishes include hardwood, tile, and ceramic.
A detached two-car garage provides additional on-site parking convenience for residents.
Key Highlights
- 0.0585‑acre lot with a 2,436‑square‑foot semi‑attached four‑family brick building
- Detatched two‑car garage on site
- R5B zoning
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
$85,313
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
3.79%
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%
$1,706,260
$1.7M
Cap Rate 7%
$1,218,757
$1.2M
Cap Rate 9%
$947,922
$947.9K
Market Conditions
NOI Build-Up for 2,436 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
$124.2K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.9K $50.03/SF
− OpEx
−$36.6K −$15.01/SF
NOI
$85.3K $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%
$1,706,260
Cap Rate 7%
$1,218,757
Cap Rate 9%
$947,922
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,313 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$1.06M
$929.6K – $1.24M
NOI $74,369 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$2.02M
$1.76M – $2.35M
NOI $141,191 @ 7.0% cap · market cap 6.28%
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
3,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Semi-attached four-family building in R5B zoning with central air and radiant heat, plus a detached two-car garage.
Where is this quadplex located?
The property is located at 1144 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 0.0585‑acre lot with a 2,436‑square‑foot semi‑attached four‑family brick building; Detatched two‑car garage on site; R5B zoning
