Brick Quadplex with Unit
For Sale
$1,200,000
1102 Winthrop St 4, Brooklyn, NY 11212
Four apartments comprise three two-bedroom units and one one-bedroom unit in a brick residential property.
Property Size3,280 SF
Days on Market176
Property Features for 1102 Winthrop St 4
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Investment
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,749
Building Details
Building Size
3,280 SF
Year Built
1930
Units
4
Construction
brick
Listed By:
Linda J. Adams
(516) 483-5250
Source:
Elliman
Added: Apr 28
Changed: Oct 19
Last Checked: Oct 19 at 8:02AM
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 Linda J. Adams
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Investment Insights
Based on property information with market context.
This four-unit brick residential property was built in 1930 and offers a defined apartment mix: three two-bedroom units and one one-bedroom unit. The building is equipped with a new gas boiler along with 5 Gas/5 Electric Meters.
The one-bedroom apartment is vacant and ready for completion, while the other three apartments have no leases in place. The property is situated near public transportation and shopping, with a Walk Score of 93, Transit Score of 100, and Bike Score of 86.
The one-bedroom apartment is vacant and ready for completion, while the other three apartments have no leases in place. The property is situated near public transportation and shopping, with a Walk Score of 93, Transit Score of 100, and Bike Score of 86.
Key Highlights
- Four‑unit brick property built in 1930
- Unit mix includes 3 two‑bedroom apartments and 1 one‑bedroom apartment
- New gas boiler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,135
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,700
$2.0M
Cap Rate 7%
$1,430,500
$1.4M
Cap Rate 9%
$1,112,611
$1.1M
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$185.8K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$182.1K $55.51/SF
− OpEx
−$81.9K −$24.98/SF
NOI
$100.1K $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%
$2,002,700
Cap Rate 7%
$1,430,500
Cap Rate 9%
$1,112,611
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.44M – $1.91M
NOI $114,871 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,135 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,109 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,733
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments comprise three two-bedroom units and one one-bedroom unit in a brick residential property.
Where is this quadplex located?
The property is located at 1102 Winthrop St 4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit brick property built in 1930; Unit mix includes 3 two‑bedroom apartments and 1 one‑bedroom apartment; New gas boiler
