Brick Quadplex With Finished
For Sale
$1,400,000
700 Pennsylvania Avenue, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size3,116 SF
Lot Size0.06 Acres
Price / SF$449.29
Days on Market60
Property Features for 700 Pennsylvania Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1
Interior features
Laundry Area, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Brownsville
Standard status
Active
Size
3,116 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10655
Building Details
Year built
1923
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Robert Defalco Realty Inc
Listed By:
Terri Anne Williams
(718) 748-7000
Added: Aug 10
Changed: Sep 15
Last Checked: Oct 8 at 1:06AM
MLS# 503685
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 brick quadplex at 700 Pennsylvania Avenue includes seven bedrooms and four bathrooms within 3,116 square feet. The property was built in 1923 and includes a fully finished basement that adds usable interior area and storage. Hardwood flooring, a laundry area, refrigerator, and stove are among the interior features, while the roof is rubber.
The 0.0556-acre property includes a shared driveway with parking for up to 4 cars. R6 zoning applies to the site. The property is located in Brooklyn, near shopping, dining, transportation, and other local amenities.
The 0.0556-acre property includes a shared driveway with parking for up to 4 cars. R6 zoning applies to the site. The property is located in Brooklyn, near shopping, dining, transportation, and other local amenities.
Key Highlights
- Quadplex with 7 bedrooms and 4 bathrooms
- 3,116 square feet of property size
- Fully finished basement with additional usable space and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,128
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,560
$2.2M
Cap Rate 7%
$1,558,971
$1.6M
Cap Rate 9%
$1,212,533
$1.2M
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$158.9K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.9K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,560
Cap Rate 7%
$1,558,971
Cap Rate 9%
$1,212,533
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $109,128 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,128 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,603 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Seven-bedroom, four-bathroom multifamily property with a finished basement, shared parking, and R6 zoning.
Where is this quadplex located?
The property is located at 700 Pennsylvania Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Quadplex with 7 bedrooms and 4 bathrooms; 3,116 square feet of property size; Fully finished basement with additional usable space and storage
