6-Unit Apartment
For Sale
$1,300,000
105 Rockaway Parkway, Brooklyn, NY 11212
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,198 SF
Lot Size0.05 Acres
Price / SF$406.50
Days on Market22
Property Features for 105 Rockaway Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 9, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 7
Subdivision
Brownsville
Standard status
Active
Size
3,198 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12358
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
TWELVE STONES REALTY
(973) 873-8444
Listed By:
Avraham Birnbaum
(973) 873-8444
Added: Jul 13
Changed: Jul 31
Last Checked: Aug 3 at 3:06AM
MLS# 11908757
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 6-unit apartment building at 105 Rockaway Parkway features a mix of two 2-bedroom, 1-bath apartments and two 3-bedroom, 1-bath apartments. The property includes a finished basement and a detached garage, supporting additional rental utility within the overall setup. Constructed in 1930, the building is of brick construction and offers hardwood flooring throughout.
The building sits on a 25' x 95' lot with approximately 3,198 SF. The roof is flat, and heating is provided via baseboard with natural gas. Water service is public. The property is listed in R6 zoning.
A projected 12.32% cap rate is cited for the investment, with the note that vacant units would require lease-up to align with the stated projection.
The building sits on a 25' x 95' lot with approximately 3,198 SF. The roof is flat, and heating is provided via baseboard with natural gas. Water service is public. The property is listed in R6 zoning.
A projected 12.32% cap rate is cited for the investment, with the note that vacant units would require lease-up to align with the stated projection.
Key Highlights
- Projected 12.32% cap rate
- Approximately 3,198 SF building on a 25' x 95' lot
- R6 zoning
Financial Insights For Apartment 5plus
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 | $181.1k | $56.64 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $177.5k | $55.51 |
| − OpEx | −$79.9k | −$24.98 |
| NOI | $97.6k | $30.53 |
3,198 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,356 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - R6-zoned 6-unit building with brick construction, hardwood floors, and baseboard natural gas heat.
Where is this apartment building located?
The property is located at 105 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Projected 12.32% cap rate; Approximately 3,198 SF building on a 25' x 95' lot; R6 zoning
