Flatbush Four-Family
1113 Coney Island Avenue Brooklyn, NY 11230
1113 Coney Island Avenue, Brooklyn, NY, 11230
$1,699,000
For Sale
$1,699,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,840 SF
Lot Size0.05 Acres
Price / SF$923.37
Days on Market227
Property Features for 1113 Coney Island Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6A
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
- Interior features
- A/C Unit - Window
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
E House Realty & Mgt. Inc.
(718) 680-2776
6005 7th Avenue, Brooklyn, NY
Listed by
David Feng
(718) 680-2776
Added: Dec 2, 2025 Checked: Jul 17 at 2:06 am
MLS# 497655
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 is an attached, well-maintained brick four-family home located in Flatbush, Brooklyn. The property features two-bedroom layouts. Two units will be delivered vacant at closing, offering flexibility for owner occupancy or rental potential. The property is located near shopping and transportation. It is an opportunity for investors or buyers seeking income-producing property in a vibrant Brooklyn neighborhood. The property size is 1840 square feet and the lot size is 0.0522 acres.
Key Highlights
- Brick four‑family home built in 1931
- Attached property with two‑bedroom layouts across units
- Two units delivered vacant at closing
Local Financial Insights For Multifamily LT 5
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 | $93.8k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $92.1k | $50.03 |
| − OpEx | −$27.6k | −$15.01 |
| NOI | $64.4k | $35.02 |
1,840 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$920.6K
$805.5K – $1.07M
NOI $64,440 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$802.5K
$702.2K – $936.2K
NOI $56,173 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,646 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Intellifyer
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FAQs
What type of property is this?
Quadplex - Well-maintained Brooklyn four-family with vacant units and income potential.
Where is this quadplex located?
The property is located at 1113 Coney Island Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Brick four‑family home built in 1931; Attached property with two‑bedroom layouts across units; Two units delivered vacant at closing
