Four-Family Residential Income
744 39th Street Brooklyn, NY 11232
For Sale
$1,938,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,700 SF
Lot Size0.06 Acres
Price / SF$717.78
Days on Market179
Property Features for 744 39th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M1-2
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
- Basement
- Finished
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10198
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Block
- Roof type
- Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Qi Weng
(917) 708-9966
Added: Jan 28
Changed: Jul 17
Last Checked: Jul 26 at 9:06PM
MLS# 498462
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 four-family residential income property features two stories of living space along with a finished basement, offering multiple units within a single structure. Zoning is listed as M1-2.
Located in Brooklyn, the property is described as being near restaurants, supermarkets, shops, and Sunset Park. Public transportation is also noted nearby, including the D Line and local bus service.
With its existing multi-unit configuration and finished basement space, the property is positioned for investors or an end user seeking a four-family building in an established commercial-residential corridor.
Located in Brooklyn, the property is described as being near restaurants, supermarkets, shops, and Sunset Park. Public transportation is also noted nearby, including the D Line and local bus service.
With its existing multi-unit configuration and finished basement space, the property is positioned for investors or an end user seeking a four-family building in an established commercial-residential corridor.
Key Highlights
- 4‑family house with block construction
- Built in 1915
- Two stories of living space plus a finished basement
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 | $137.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $135.1k | $50.03 |
| − OpEx | −$40.5k | −$15.01 |
| NOI | $94.6k | $35.02 |
2,700 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-family property with two stories of living space plus a finished basement, zoned M1-2.
Where is this quadplex located?
The property is located at 744 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,938,000.
What are key features of this property?
This property features: 4‑family house with block construction; Built in 1915; Two stories of living space plus a finished basement
