Quadplex with Private Gated
For Sale
$2,988,000
8423 14th Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$957.69
Days on Market21
Property Features for 8423 14th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5
Parking features
Carport
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,120 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
15749
Building Details
Year built
1927
Floors in Building
2
Flooring type
Concrete
Building materials
Brick
Roof type
Flat
Listing Agency:
Annmarie Imbriale
(718) 491-6350
Listed By:
Annmarie Imbriale · License #472066
(718) 491-6350
Added: Jul 13
Changed: Jul 31
Last Checked: Aug 2 at 2:06AM
MLS# 502987
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 quadplex features four separate apartments in a brick building with a flat roof. The property is built to 1927 vintage and includes wood floors throughout the apartments, with tile floors only in the kitchen and bath. The roof and skylight have been newly installed, and there is a full basement that will be delivered vacant.
Zoned R4, the home includes one private gated off-street parking spot and a carport. The property is listed as having all four apartments delivered vacant, creating an immediate setup for an owner-occupant or investor.
Set on a 0.0471-acre lot and totaling 3,120 square feet, this four-family house provides a compact, straightforward multifamily configuration with dedicated parking and a full basement component for additional storage or potential future use.
Zoned R4, the home includes one private gated off-street parking spot and a carport. The property is listed as having all four apartments delivered vacant, creating an immediate setup for an owner-occupant or investor.
Set on a 0.0471-acre lot and totaling 3,120 square feet, this four-family house provides a compact, straightforward multifamily configuration with dedicated parking and a full basement component for additional storage or potential future use.
Key Highlights
- Four apartments delivered vacant; full basement delivered vacant
- New roof and skylight
- Private gated off‑street parking spot plus carport (1 space)
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 | $159.1k | $51.00 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $156.1k | $50.03 |
| − OpEx | −$46.8k | −$15.01 |
| NOI | $109.3k | $35.02 |
3,120 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments are delivered vacant in an R4 quadplex with a private gated off-street parking spot.
Where is this quadplex located?
The property is located at 8423 14th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: Four apartments delivered vacant; full basement delivered vacant; New roof and skylight; Private gated off‑street parking spot plus carport (1 space)
