721 E 94th Street Brooklyn, NY 11236
MULTI_FAMILY - Brooklyn, NY
- Added:
- Nov 14, 2025
- Days on Market:
- 240
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 721 E 94th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- Interior features
- Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6797
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Ceramic, Hardwood
- Building materials
- Brick
- Roof type
- Flat, Rubber
Listing agent Billy Apter License #BEA5721 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Nov 14, 2025
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.
Located in Canarsie, the home is near Rockaway Parkway’s shopping and essential-service corridor, with retailers including Stop & Shop and BJ’s Wholesale Club. The area also offers nearby bayfront recreation at Canarsie Pier within the Gateway National Recreation Area. For commuting and access, the Canarsie-Rockaway Parkway L train station is nearby, and multiple bus routes (B6, B17, B82) connect to other parts of Brooklyn.
With two bedrooms and one bath in each unit, the property is a practical fit for an owner-occupant looking to live in one unit while renting the other. For investors or buyers, the vacant delivery at closing supports faster turnover and customization across both units, while the private yard space and parking access help support tenant comfort.
Key Highlights
- Two‑family semi‑detached brick home built in 1950
- Two units, each with 4 rooms featuring 2 bedrooms and 1 bathroom
- 22x46 building footprint with private front and rear yards
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 | $95.5k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $93.7k | $50.03 |
| − OpEx | −$28.1k | −$15.01 |
| NOI | $65.6k | $35.02 |
