Four-Family Residence with Private
316 84th Street Brooklyn, NY 11209
316 84th Street, Brooklyn, NY, 11209
$2,488,000
For Sale
$2,488,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,458 SF
Lot Size0.06 Acres
Price / SF$1,012
Days on Market43
Property Features for 316 84th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2
- Patio and Porch features
- Porch, Deck, Patio
- Interior features
- A/C Unit, A/C Unit - Wall, A/C Unit - Window, Central Air, Central Air - Split, Deck, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer, Window Treatments
- Standard status
- Active
- Size
- 2,458 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agency
Compass Greater New York, LLC
(718) 921-0500
Listed by
Athena Salavantis · License #10301218981
(718) 921-0500
Added: Jun 10 Updated: Jul 11 at 8:34PM Checked: Jul 22 at 8:06AM
MLS# 502180
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-attached brick four-family property provides a straightforward income-and-occupy layout with four free-market apartments. The configuration includes a garden-level apartment, two apartments on the first floor, and a top-floor apartment with a private balcony. The building offers shared on-site laundry, with washer and dryer included, and includes a shared driveway. A detached two-car garage adds practical off-street parking for tenants and/or the owner.
The property is zoned R4-1. It is currently operating with two units occupied and two units vacant, creating flexibility for an investor seeking immediate occupancy as well as an owner-occupant planning to move into one of the available apartments.
As a four-family asset, the building is well-suited for buyers looking for multi-unit ownership with a balanced unit mix and the ability to adjust use based on the current vacancy. The combination of an end-to-end residential layout, in-building laundry, and dedicated parking makes it a practical fit for tenants who value day-to-day convenience within a residential income property structure.
The property is zoned R4-1. It is currently operating with two units occupied and two units vacant, creating flexibility for an investor seeking immediate occupancy as well as an owner-occupant planning to move into one of the available apartments.
As a four-family asset, the building is well-suited for buyers looking for multi-unit ownership with a balanced unit mix and the ability to adjust use based on the current vacancy. The combination of an end-to-end residential layout, in-building laundry, and dedicated parking makes it a practical fit for tenants who value day-to-day convenience within a residential income property structure.
Key Highlights
- Semi‑attached brick 4‑family built in 1926 with four free‑market apartments
- Layout includes a garden‑level apartment, two apartments on the first floor, and a top‑floor apartment with a private balcony
- Current occupancy: 2 units occupied and 2 units vacant
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 | $125.4k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $123.0k | $50.03 |
| − OpEx | −$36.9k | −$15.01 |
| NOI | $86.1k | $35.02 |
2,458 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.43M
NOI $86,083 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$1.07M
$938.0K – $1.25M
NOI $75,040 @ 7.0% cap · market cap 3.02%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.37M
NOI $142,466 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Semi-attached brick four-family with four apartments, two currently occupied, and a top-floor unit featuring a private balcony.
Where is this quadplex located?
The property is located at 316 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,488,000.
What are key features of this property?
This property features: Semi‑attached brick 4‑family built in 1926 with four free‑market apartments; Layout includes a garden‑level apartment, two apartments on the first floor, and a top‑floor apartment with a private balcony; Current occupancy: 2 units occupied and 2 units vacant
