Brick Quadplex with Finished
For Sale
$1,980,000
2358 84th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,510 SF
Lot Size0.06 Acres
Price / SF$564.10
Days on Market234
Property Features for 2358 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,510 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
14385
Building Details
Year built
1924
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc
(718) 551-4795
Listed By:
Mingqin Sun
(718) 680-2776
Added: Jan 16
Changed: Sep 5
Last Checked: Sep 7 at 5:06AM
MLS# 498434
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.
This semi-detached brick quadplex contains 3,510 square feet on a 28*100 lot, with a 23*78 building footprint. The four-family layout includes two first-floor apartments with two bedrooms and one bathroom each, plus a second-floor three-bedroom apartment and a one-bedroom apartment; all four units have one bathroom. A renovated finished basement with its own entrance adds flexible space for living, work, or recreation. Hardwood and tile flooring, a flat roof, refrigerator and stove appliances, and 1924 construction are documented features. The property is zoned R5.
Located at 2358 84th Street in Brooklyn, the property is near the D and N subway lines and the 86th Street shopping district. Restaurants, supermarkets, banks, and other daily services are situated in the surrounding area. The source information also identifies the property as suitable for owner occupancy or long-term investment and notes rental demand.
Located at 2358 84th Street in Brooklyn, the property is near the D and N subway lines and the 86th Street shopping district. Restaurants, supermarkets, banks, and other daily services are situated in the surrounding area. The source information also identifies the property as suitable for owner occupancy or long-term investment and notes rental demand.
Key Highlights
- Four‑family brick building with 3,510 square feet of property size
- 28100 lot with a 2378 building size
- Unit mix includes two 2‑bedroom apartments, one 3‑bedroom apartment, and one 1‑bedroom apartment
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
$95,735
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
4.84%
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%
$1,914,700
$1.9M
Cap Rate 7%
$1,367,643
$1.4M
Cap Rate 9%
$1,063,722
$1.1M
Market Conditions
NOI Build-Up for 3,510 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
$143.2K $40.80/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$136.8K $38.96/SF
− OpEx
−$41.0K −$11.69/SF
NOI
$95.7K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,914,700
Cap Rate 7%
$1,367,643
Cap Rate 9%
$1,063,722
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,735 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,800 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,329 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Updated four-family property with a separate-entry basement suitable for additional living, office, or recreation space.
Where is this quadplex located?
The property is located at 2358 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Four‑family brick building with 3,510 square feet of property size; 28*100 lot with a 23*78 building size; Unit mix includes two 2‑bedroom apartments, one 3‑bedroom apartment, and one 1‑bedroom apartment
