Brooklyn Multifamily Investment
486 3rd Avenue Brooklyn, NY 11215
486 3rd Avenue, Brooklyn, NY, 11215
$3,800,000
For Sale
$3,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size6,480 SF
Lot Size0.05 Acres
Price / SF$586.42
Days on Market178
Property Features for 486 3rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 19
- Bathrooms
- 16
- Rooms
- Bathroom 11, Bathroom 9, Bedroom 13, Bedroom 2, Bathroom 10, Bathroom 1, Bedroom 18, Bathroom 12, Bathroom 3, Bedroom 19, Bedroom 8, Bedroom 5, Bedroom 17, Bathroom 4, Bathroom 5, Bedroom 11, Bathroom 2, Bathroom 8, Bedroom 7, Bathroom 6, Bathroom 16, Bedroom 4, Bathroom 13, Bedroom 12, Bathroom 14, Bedroom 16, Bedroom 1, Bedroom 9, Bedroom 15, Bathroom 15, Bedroom 6, Bedroom 14, Bedroom 10, Bathroom 7, Bedroom 3
- Basement
- Unfinished
- Standard status
- Active
- Size
- 6,480 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 63407
Building Details
- Year built
- 1940
- Flooring type
- Hardwood
- Building materials
- Block, Brick
- Roof type
- Flat
Listing Agency
Ben Bay Realty Co
(718) 680-6442
8304 13th Ave, Brooklyn, NY
Listed by
Nicholas Venturini · License #NV3472
(718) 680-6442
Added: Jan 20 Checked: Jul 17 at 4:06 pm
MLS# 498509
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.
Investment Insights
Based on property information with market context.
This is an exceptional opportunity to acquire a fully stabilized 16-unit multifamily building in the South Carroll Gardens / Gowanus area of Brooklyn, a high-demand rental market. The well-maintained walk-up building features a unit mix ranging from studios to three-bedroom apartments, including two duplex units on the first floor. The property is 100% occupied, with all units rent-stabilized and no rent-controlled apartments. The property size is 6,480 square feet, situated on a lot of 0.052 acres. This Brooklyn asset is ideal for investors seeking stable returns and long-term appreciation in a resilient neighborhood.
Key Highlights
- 16‑unit multifamily building built in 1940
- Walk‑up property with unit mix from studios through 3‑bedroom apartments
- Two duplex units on the first floor
Local Financial Insights For Apartment 5plus
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 | $367.0k | $56.64 |
| − Vacancy | −$7.3k | −$1.13 |
| EGI | $359.7k | $55.51 |
| − OpEx | −$161.9k | −$24.98 |
| NOI | $197.8k | $30.53 |
6,480 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.47M – $3.30M
NOI $197,828 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.37M
$4.69M – $6.26M
NOI $375,581 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Stabilized 16-unit multifamily building in prime Brooklyn location.
Where is this apartment building located?
The property is located at 486 3rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 16‑unit multifamily building built in 1940; Walk‑up property with unit mix from studios through 3‑bedroom apartments; Two duplex units on the first floor
