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    380 Saint Pl John's Brooklyn, NY 11238

    View on Map
    Sponsored
    For Sale
    $3,600,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    2,750 SF
    Lot size:
    0.08 Acres
    Days on Market:
    119
    Last Refresh:
    Mar 11 at 8:06 pm

    Property Features for 380 Saint Pl John's

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Rooms
    Bedroom 24, Bedroom 4, Bedroom 23, Bathroom 1, Bedroom 13, Bedroom 7, Bathroom 10, Living Room, Bathroom 7, Bedroom 15, Bedroom 3, Bathroom 9, Bedroom 9, Bedroom 19, Bedroom 17, Bedroom 11, Bathroom 5, Bedroom 22, Bedroom 14, Bedroom 18, Kitchen, Bedroom 10, Bathroom 8, Bedroom 20, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 12, Bedroom 1, Bedroom 8, Bedroom 16, Bedroom 21, Basement, Bedroom 25, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 6
    Bedrooms
    25
    Bathrooms
    10
    APN
    01176-0023
    Parking features
    On Street
    Interior features
    Eat-in Kitchen, Entrance Foyer, Master Downstairs
    Basement
    Full
    Appliances
    Cooktop, Refrigerator, Gas Water Heater
    Size
    2,750 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1911
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Hardwood
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Rene Attias

    eXp Realty (888) 276-0630

    Listing agent Rene Attias (646) 644-5487

    Listing date Nov 12, 2025

    MLS# L3524947

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Brooklyn Multifamily Townhouse Near Prospect Park

    Located near Prospect Park and Grand Army Plaza, this Brooklyn multi-family townhouse at 380 St. John's Place occupies a 31.25x88' footprint. The property features 8 apartments, ranging in size from 4-bed/2-bath to 3-bed/1-bath configurations. Three of the units are free market rentals, and one unit will be delivered vacant. This offers an opportunity for an end-user investor to live in their own investment property while generating rental income in a desirable Brooklyn neighborhood. The building mechanicals are reported to be in good condition and have been regularly serviced. The property has a pro-forma income of $263,439.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9638
    Latitude
    40.6804

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    FAQs

    What type of property is this?
    Apartment building - Spacious 8-unit townhouse near Prospect Park with income potential.
    Where is this apartment building located?
    The property is located at 380 Saint Pl John's Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Prime location near Prospect Park and Grand Army Plaza.; - Eight extra-large apartments, including a vacant unit for an end-user investor.; - **Three free-market units offering strong pro-forma income of $263,439.**
    (646) 644-5487
    Request Owner's contact information
    380 Saint Pl John's Brooklyn, NY 11238
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    Brooklyn, NY 11238
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    380 Saint Pl John's Brooklyn, NY 11238
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    We can help!
    Listing Contact
    Rene Attias
    (646) 644-5487 (718) 493-1471 (888) 276-0630
    Learn more
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