Renovated 8-Unit Apartment
For Sale
Contact for pricing
1076 Dean St, Brooklyn, NY 11216
Fully renovated, three-story multifamily asset with free-market residential units.
Property Size3,360 SF
Price / SF$892.86
Days on Market75
Property Features for 1076 Dean St
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multifamily
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
Asset Commercial Realty Group
(347) 762-4055
Listed By:
Yuriy Ustoyev · License #NY
Source:
Crexi
Added: Jun 18
Changed: Aug 29
Last Checked: Aug 31 at 3:27AM
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 Asset Commercial Realty Group
Investment Insights
Based on property information with market context.
Located at 1076 Dean St in Brooklyn’s Crown Heights neighborhood, this fully renovated apartment building contains 3,360 SF across three stories. The property includes eight residential units, each configured with one bedroom and one bathroom, providing a consistent multifamily layout.
The building is permanently exempt from rent stabilization and operates as a free-market property. Its location near the A and C subway lines provides transit access to Manhattan and other Brooklyn destinations. DHCR materials and floor plans are available upon request.
The building is permanently exempt from rent stabilization and operates as a free-market property. Its location near the A and C subway lines provides transit access to Manhattan and other Brooklyn destinations. DHCR materials and floor plans are available upon request.
Key Highlights
- 3,360 SF, three‑story apartment building at 1076 Dean St
- Eight residential units, each with one bedroom and one bathroom
- Fully renovated multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,577
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,051,540
$2.1M
Cap Rate 7%
$1,465,386
$1.5M
Cap Rate 9%
$1,139,744
$1.1M
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$190.3K $56.64/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$186.5K $55.51/SF
− OpEx
−$83.9K −$24.98/SF
NOI
$102.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,051,540
Cap Rate 7%
$1,465,386
Cap Rate 9%
$1,139,744
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,577 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.25M
NOI $194,746 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
6,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
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?
Apartment building - Fully renovated, three-story multifamily asset with free-market residential units.
Where is this apartment building located?
The property is located at 1076 Dean St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 3,360 SF, three‑story apartment building at 1076 Dean St; Eight residential units, each with one bedroom and one bathroom; Fully renovated multifamily property
