8-Unit Brownstone Apartment
141 Albany Avenue Brooklyn, NY 11213
For Sale
$2,500,000
MULTI_FAMILY - Brooklyn, NY
Property Size7,500 SF
Lot Size0.05 Acres
Price / SF$333.33
Days on Market110
Property Features for 141 Albany Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 7, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 6, Bedroom 9, Bathroom 4, Bedroom 7, Bedroom 4, Bathroom 8, Bedroom 10, Bathroom 2, Bedroom 2
- Interior features
- A/C Unit - Window
- Basement
- Full
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 208
Building Details
- Year built
- 1920
- Floors in Building
- 4
- Number of units
- 8
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
MadisonEstates Sothebys Realty
(718) 645-1665
Listed By:
Douglas Daniels
(718) 645-1665
Added: Apr 6
Changed: Jul 22
Last Checked: Jul 24 at 2:06AM
MLS# 500264
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.
Located at 141 Albany Avenue in Brooklyn, this 8-family brownstone offers a unit mix designed to support varied tenant needs, including three two-bedroom apartments, four one-bedroom units, and one studio apartment. The property totals 7,500 square feet and sits on a 0.0517-acre lot.
The building is described as being in the Crown Heights section, with proximity to parks, museums, restaurants, shopping, and public transportation. The seller notes the opportunity to increase returns over time, and requests that tenants not be disturbed—call for further details.
The building is described as being in the Crown Heights section, with proximity to parks, museums, restaurants, shopping, and public transportation. The seller notes the opportunity to increase returns over time, and requests that tenants not be disturbed—call for further details.
Key Highlights
- 8‑family brownstone with 3 two‑bedroom apartments, 4 one‑bedroom units, and 1 studio apartment
- Brick construction with flat roof
- Year built: 1920
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $424.8k | $56.64 |
| − Vacancy | −$8.5k | −$1.13 |
| EGI | $416.3k | $55.51 |
| − OpEx | −$187.3k | −$24.98 |
| NOI | $229.0k | $30.53 |
7,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.27M
$2.86M – $3.82M
NOI $228,967 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.21M
$5.43M – $7.25M
NOI $434,700 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 8-family brownstone with two-, one-, and studio apartments, zoned R6 in Brooklyn.
Where is this apartment building located?
The property is located at 141 Albany Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8‑family brownstone with 3 two‑bedroom apartments, 4 one‑bedroom units, and 1 studio apartment; Brick construction with flat roof; Year built: 1920
