Brooklyn Multifamily Property For
For Sale
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1042 President St, Brooklyn, NY 11225
Multifamily property in Brooklyn, New York, available for purchase.
Property Size41,569 SF
Price / SF$685.61
Days on Market344
Property Features for 1042 President St
General Information
Standard status
Active
Size
41,569 SF
Total Parking Spaces
22
Property subtype
Multifamily
Zoning
R6
Building Details
Year Built
2022
Buildings
1
Stories
8
Units
55
Listing Agency:
Alpha Realty NY
Listed By:
Lev Mavashev · License #NY 10351208812
Source:
Crexi
Added: Oct 27, 2025
Changed: Oct 3
Last Checked: Oct 5 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpha Realty NY
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The property encompasses a total area of 41,569 square feet.
Key Highlights
- Year Built: 2022 (New Construction)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,269,058
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,381,160
$25.4M
Cap Rate 7%
$18,129,400
$18.1M
Cap Rate 9%
$14,100,644
$14.1M
Market Conditions
NOI Build-Up for 41,569 SF
Gross rent
$2.35M $56.64/SF
− Vacancy
−$47.1K −$1.13/SF
EGI
$2.31M $55.51/SF
− OpEx
−$1.04M −$24.98/SF
NOI
$1.27M $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%
$25,381,160
Cap Rate 7%
$18,129,400
Cap Rate 9%
$14,100,644
Alternative Uses
Best Use
Apartment 5plus
$18.13M
$15.86M – $21.15M
NOI $1,269,058 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$34.42M
$30.12M – $40.16M
NOI $2,409,339 @ 7.0% cap · market cap 8.45%
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
4,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Brooklyn, New York, available for purchase.
Where is this apartment building located?
The property is located at 1042 President St Brooklyn, NY.
What is the asking price?
The asking price for this property is $28,500,000.
What are key features of this property?
This property features: Year Built: 2022 (New Construction)
