Multifamily Property Requiring
New
For Sale
$608,000
1107 E 92nd St, Brooklyn, NY 11236
The 1950-built residence is offered as-is and requires work.
Property Size1,427 SF
Days on Market6
Property Features for 1107 E 92nd St
General Information
Standard status
Active
Size
1,427 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
requires work
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,460
Building Details
Building Size
1,427 SF
Year Built
1950
Stories
2
Listing Agency:
RE/MAX Elite
Listed By:
Eric C. Chan
(718) 690-3900
Source:
Elliman
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 5:29PM
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 RE/MAX Elite
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1950, this Brooklyn multifamily property is being sold in as-is condition and requires work. The seller is seeking an all-cash buyer.
The property is in a residential area with local shopping, restaurants, schools and parks, including Canarsie Park, nearby. Transit options include the L train and the B6, B7 and B8 bus routes.
The property is in a residential area with local shopping, restaurants, schools and parks, including Canarsie Park, nearby. Transit options include the L train and the B6, B7 and B8 bus routes.
Key Highlights
- Built in 1950
- Sold as‑is; the residence requires work
- Transit options include the L train and B6, B7 and B8 bus routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,565
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,300
$871.3K
Cap Rate 7%
$622,357
$622.4K
Cap Rate 9%
$484,056
$484.1K
Market Conditions
NOI Build-Up for 1,427 SF
Gross rent
$80.8K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$79.2K $55.51/SF
− OpEx
−$35.6K −$24.98/SF
NOI
$43.6K $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 Rate 5%
$871,300
Cap Rate 7%
$622,357
Cap Rate 9%
$484,056
Alternative Uses
Best Use
Apartment 5plus
$622.4K
$544.6K – $726.1K
NOI $43,565 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,709 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1950-built residence is offered as-is and requires work.
Where is this multifamily property located?
The property is located at 1107 E 92nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $608,000.
What are key features of this property?
This property features: Built in 1950; Sold as‑is; the residence requires work; Transit options include the L train and B6, B7 and B8 bus routes
