Semi-Detached 4-Unit Brick
2343 E 22nd Street, Brooklyn, NY 11229
New
MULTI_FAMILY - Brooklyn, NY
Property size:
3,600 SFLot size:
0.04 AcresPrice / SF:
$499/SF- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 2343 E 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5
- Interior features
- A/C Unit, Central Air - Split, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17882
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Kelly Wu (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jun 23, 2026
MLS# 502504
Listing URL
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.
HighLights
- 4‑family semi‑detached brick home in Sheepshead Bay with a 22.5x80 building size over a 30x100 lot
- Unit mix: 1BD/1BA front first‑floor unit + 2BD/1BA rear first‑floor unit; second floor has 3BD/1BA front and 2BD/1BA rear
- Full finished basement with separate entrance and an additional full bathroom
- Recent updates include a new roof (about 6 years old), new heating and hot water system, and split AC
- Main water service line from the house to the street has been replaced
- Interiors include tile and hardwood flooring, plus central air split A/C and appliances such as refrigerator and stove
Overview
This semi-detached brick 4-family residence offers four separate units across the first and second floors, plus a full finished basement. The first floor includes a front 1-bedroom, 1-bath unit and a rear 2-bedroom, 1-bath unit. The second floor features a front 3-bedroom, 1-bath unit and a rear 2-bedroom, 1-bath unit. A full finished basement includes a separate entrance and an additional full bathroom. The property is reported to be in excellent condition with recent updates including a new roof (approximately six years old), a new heating and hot water system, split AC, and replacement of the main water service line from the house to the street.
Set on a 30 by 100 lot with a 22.5 by 80 building footprint, the home is located near the Avenue U business corridor. The surrounding area includes shopping, restaurants, and schools, with transportation options noted including the B and Q trains and the B49, B3, and BM3 buses.
As a for-sale multifamily property, it can appeal to investors seeking a four-unit structure with multiple bedroom configurations, as well as end users looking for an owner-occupied setup alongside rental income potential. The basement’s separate entrance and additional full bath add flexibility for tenant use or supplemental living space, supported by the property’s documented systems and exterior updates.
Set on a 30 by 100 lot with a 22.5 by 80 building footprint, the home is located near the Avenue U business corridor. The surrounding area includes shopping, restaurants, and schools, with transportation options noted including the B and Q trains and the B49, B3, and BM3 buses.
As a for-sale multifamily property, it can appeal to investors seeking a four-unit structure with multiple bedroom configurations, as well as end users looking for an owner-occupied setup alongside rental income potential. The basement’s separate entrance and additional full bath add flexibility for tenant use or supplemental living space, supported by the property’s documented systems and exterior updates.
Local Financial Insights For Multifamily LT 5
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 | $183.6k | $51.00 |
| − Vacancy | −$3.5k | −$0.97 |
| EGI | $180.1k | $50.03 |
| − OpEx | −$54.0k | −$15.01 |
| NOI | $126.1k | $35.02 |
3,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.948096
- Latitude
- 40.59402
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four residential units in a well-maintained semi-detached brick property with updated roof, HVAC, and split AC.
Where is this quadplex located?
The property is located at 2343 E 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 4‑family semi‑detached brick home in Sheepshead Bay with a 22.5x80 building size over a 30x100 lot; Unit mix: 1BD/1BA front first‑floor unit + 2BD/1BA rear first‑floor unit; second floor has 3BD/1BA front and 2BD/1BA rear; Full finished basement with separate entrance and an additional full bathroom
