Building Details

Architectural style Other

Listing Agency: Compass Show Phone

Listed By: Udi Eliasi · License #10301200058 Show Phone

Added: Mar 24 Changed: Sep 14 Last Checked: Oct 6 at 6:06AM

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MLS# 11679238

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 five-unit apartment building contains approximately 4,440 square feet and is fully leased. The ground level includes a renovated one-bedroom apartment with its own entrance and access to a private garden. Two additional apartments are located on each of the second and third floors, creating a compact multifamily configuration across three levels.

The property is located at 19 Carroll Street in Brooklyn’s Carroll Gardens and Columbia Street Waterfront area. The surrounding district was rezoned in 2009 to preserve its low-rise residential character. The building’s layout combines multiple apartments with a distinct ground-floor residence and outdoor space.

Key Highlights

• Five‑unit apartment building with approximately 4,440 square feet
• Fully leased multifamily property
• Renovated one‑bedroom ground‑floor apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,549

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,710,980 $2.7M

Cap Rate 7%

$1,936,414 $1.9M

Cap Rate 9%

$1,506,100 $1.5M

Market Conditions

NOI Build-Up for 4,440 SF

Gross rent

$251.5K $56.64/SF

− Vacancy

−$5.0K −$1.13/SF

EGI

$246.5K $55.51/SF

− OpEx

−$110.9K −$24.98/SF

NOI

$135.5K $30.53/SF

Area

Brooklyn, NY

Vacancy

2.00%

Lease Rate

$56.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,710,980

Cap Rate 7%

$1,936,414

Cap Rate 9%

$1,506,100

Alternative Uses

Best Use

Apartment 5plus

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,549 @ 7.0% cap · market cap 5.65%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.68M

$3.22M – $4.29M (±1% cap)

NOI $257,342 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Nail Salon Home Appliance Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,230

Businesses Nearby

Explore this area Business Placement

Demographics for 11231, NY

37,240

Population

18,265

Households

2

Avg Household Size

37

Median Age

69%

College-Educated

90%

High-School Grad

1.4 sq mi

ZIP Area

26,600

Density / Sq Mi

$138,485

Median Household Income

$85,791

Median Earnings

$2,474

Median Rent

$1,678,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Fully leased property with a renovated one-bedroom garden unit and separate private entrance.

Where is this apartment building located?

The property is located at 19 Carroll Street 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: Five‑unit apartment building with approximately 4,440 square feet; Fully leased multifamily property; Renovated one‑bedroom ground‑floor apartment