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    487 E 93Rd St Brooklyn, NY 11212

    Pending
    For Sale
    $1,200,000

    Quadruplex - Brooklyn, NY

    Type:Quadruplex
    Property size:
    3,440 SF
    Lot size:
    0.07 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 487 E 93Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Pending
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    04690-0022
    Parking
    3
    Parking features
    Driveway
    Exterior features
    Paved
    Size
    3,440 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1930
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    keram inc (718) 380-2500 [email protected]

    Listing agent Steven S. Benshabat (718) 380-2500 License #10401319688

    Listing date Oct 30, 2025

    MLS# 853176 Listing URL

    Copyright © 2025 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.

    Overview

    East Flatbush Four-Family Investment Property

    Located in East Flatbush, Brooklyn, this well-maintained four-family property presents an investment opportunity. The property features four independent family units, each with a private entrance. A legally finished three-bedroom basement unit provides additional income potential. The property includes a private backyard suitable for outdoor activities. Recent upgrades include a new roof and a new boiler, enhancing energy efficiency and reducing maintenance costs. Situated on a quiet, tree-lined street, the property is near major transportation routes, shopping, dining, and entertainment. Proximity to local schools, parks, and community centers enhances its appeal for families and tenants. The property is a free market property, allowing control over setting rental rates. The lot size is 30 x 100 feet. The two-story walk-up building contains five units and has new plumbing throughout. The current annual gross rent roll is $122,748, with a net operating income after expenses of $99,361. The property's taxes are $10,887, insurance is $5,000, water is $3,000, gas (heat and hot water) is $3,000, and electric is $1,500, totaling approximately $23,387 in expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glossed up collection Health And Beauty Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.91837
    Latitude
    40.655076

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    FAQs

    What type of property is this?
    Specialty property - Well-maintained four-family property with a legal basement unit.
    Where is this specialty property located?
    The property is located at 487 E 93Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Legal 5-unit building provides substantial income potential with 4 family units + legal 3-bedroom basement unit.; - High Net Operating Income (NOI) of $99,361 and **8% Cap Rate**.; - Free market property allows for flexible and competitive rental pricing.
    (718) 380-2500
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    487 E 93Rd St Brooklyn, NY 11212
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    Brooklyn, NY 11212
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    Realmo Value Estimation

    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.

    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.

    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
    487 E 93Rd St Brooklyn, NY 11212
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