8-Unit Apartment
For Sale
$3,650,000
10 Fort Greene Place, Brooklyn, NY 11217
Commercial Sale, Brooklyn, NY
Property Size3,456 SF
Price / SF$1,056
Days on Market570
Property Features for 10 Fort Greene Place
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 5, Bathroom 8, Bedroom 7, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 3
Subdivision
Fort Greene
High school district
000000
Standard status
Active
Size
3,456 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Mordy Werde · License #10301210621
(347) 401-4033
Added: Mar 18, 2025
Changed: Oct 7
Last Checked: Oct 8 at 5:06AM
MLS# 11453894
Copyright © 2026 My State MLS. 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 Brooklyn apartment property contains eight free-market units within 3,456 square feet. The address is 10 Fort Greene Place in the Fort Greene area.
Nearby amenities include shops, restaurants, a weekend farmers market, and cultural destinations. Multiple subway lines are also within the surrounding area.
Nearby amenities include shops, restaurants, a weekend farmers market, and cultural destinations. Multiple subway lines are also within the surrounding area.
Key Highlights
- Eight free‑market apartment units
- 3,456 square feet
- Located at 10 Fort Greene Place in Brooklyn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,508
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,110,160
$2.1M
Cap Rate 7%
$1,507,257
$1.5M
Cap Rate 9%
$1,172,311
$1.2M
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$195.7K $56.64/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$191.8K $55.51/SF
− OpEx
−$86.3K −$24.98/SF
NOI
$105.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,110,160
Cap Rate 7%
$1,507,257
Cap Rate 9%
$1,172,311
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,508 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.34M
NOI $200,310 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
9,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight free-market apartments are located in Brooklyn’s Fort Greene area.
Where is this apartment building located?
The property is located at 10 Fort Greene Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Eight free‑market apartment units; 3,456 square feet; Located at 10 Fort Greene Place in Brooklyn
