Renovated Four-Family
For Sale
$4,000,000
230 Frost Street, Brooklyn, NY 11211
Residential Income, Brooklyn, NY
Property Size4,580 SF
Lot Size0.08 Acres
Price / SF$873.36
Days on Market127
Property Features for 230 Frost Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 1
Subdivision
East Williamsburg
High school district
000000
Standard status
Active
Size
4,580 SF
Lot size
0.08 Acres
Amenities
intercom system
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Maryellen Rodriguez · License #10301217885
(860) 573-4276
Added: May 28
Changed: Oct 1
Last Checked: Oct 1 at 6:06PM
MLS# 11792353
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 four-family property includes two separate dwellings on a 25 x 135 lot. The primary building contains three two-bedroom apartments, each with 1.5 baths and more than 1,100 square feet. A detached rear duplex adds a two-bedroom, one-bath unit with its own washer and dryer, private entry, and outdoor space. The property is delivered vacant.
Interior improvements include a renovated kitchen with an open plan, granite countertops, breakfast bar, and island. Updated bathrooms feature ceramic finishes, while hardwood flooring, recessed lighting, and a voice intercom system add to the building’s functionality. Tenants are responsible for their own utilities, including heat and hot water. Located on Frost Street in Brooklyn’s Williamsburg area, the property offers a four-unit configuration with a total of 16 rooms and 8 bedrooms.
Interior improvements include a renovated kitchen with an open plan, granite countertops, breakfast bar, and island. Updated bathrooms feature ceramic finishes, while hardwood flooring, recessed lighting, and a voice intercom system add to the building’s functionality. Tenants are responsible for their own utilities, including heat and hot water. Located on Frost Street in Brooklyn’s Williamsburg area, the property offers a four-unit configuration with a total of 16 rooms and 8 bedrooms.
Key Highlights
- Four‑family setup with two separate dwellings
- 25 x 135 lot
- Three primary‑building apartments with 2 bedrooms, 1.5 baths, and more than 1,100 square feet each
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
$160,399
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
4.01%
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%
$3,207,980
$3.2M
Cap Rate 7%
$2,291,414
$2.3M
Cap Rate 9%
$1,782,211
$1.8M
Market Conditions
NOI Build-Up for 4,580 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
$233.6K $51.00/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$229.1K $50.03/SF
− OpEx
−$68.7K −$15.01/SF
NOI
$160.4K $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%
$3,207,980
Cap Rate 7%
$2,291,414
Cap Rate 9%
$1,782,211
Alternative Uses
Best Use
Multifamily LT 5
$2.29M
$2.00M – $2.67M
NOI $160,399 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$2.00M
$1.75M – $2.33M
NOI $139,823 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,457 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Two separate dwellings provide four residential units, including a rear duplex with a private entrance and outdoor area.
Where is this quadplex located?
The property is located at 230 Frost Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Four‑family setup with two separate dwellings; 25 x 135 lot; Three primary‑building apartments with 2 bedrooms, 1.5 baths, and more than 1,100 square feet each
