Modern Brooklyn Four-Family with
2041 Strauss St Brooklyn, NY 11212
For Sale
$1,898,000
New 4-family Brooklyn building with backyard, rooftop, and high returns.
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$451.90
Days on Market135
Property Features for 2041 Strauss St
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.05 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2025
Listing Agency:
One Stop Multiservice Inc
(718) 554-0257
Listed By:
Raymond N. Rivera
(718) 554-0257
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 23 at 11:47AM
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 One Stop Multiservice Inc
Investment Insights
Based on property information with market context.
Located in East New York, Brooklyn, 2041 Strauss Street is a new, modern four-family building constructed in 2025. The property features a 4,200 sq. ft. layout with 7 bedrooms and 5 full baths across four separate units. Each unit includes contemporary kitchens with stainless-steel appliances, sleek tile bathrooms with glass showers, and in-unit laundry. Hurricane-impact windows by Andersen provide safety, durability, and energy efficiency. A video intercom system offers secure access control. The first-floor unit has exclusive backyard access, while the top duplex includes private rooftop access with expansive views. Each unit has split-unit heating/cooling and separate utilities (electric, hot water). The property is conveniently located with easy access to the L, 3, A, and C subway lines, major retail hubs like the Gateway Center Mall, and Shirley Chisholm State Park. The surrounding neighborhood offers schools, parks, and community resources. The property is fully vacant and move-in-ready. The annual Net Operating Income (NOI) is $147,648, with a projected cap rate of approximately 6.95%. The projected gross monthly rent is $12,304, broken down as follows: First-floor 2Bed/1Bath: $3,027, Second-floor 2Bed/1Bath: $3,027, Third-floor 1Bed/1Bath: $2,650, Fourth-floor duplex 2Bed/2Bath with rooftop: $3,600. This property is suitable for both investors and owner-occupants.
Key Highlights
- High‑yield investment opportunity with a projected 6.95% cap rate and $147,648 annual net operating income (NOI).
- Fully vacant, move‑in‑ready, modern 4‑family building constructed in 2025 with contemporary finishes.
- Private outdoor spaces: Backyard access for the first‑floor unit and private rooftop access with expansive views for the top‑floor duplex.
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 | $214.2k | $51.00 |
| − Vacancy | −$4.1k | −$0.97 |
| EGI | $210.1k | $50.03 |
| − OpEx | −$63.0k | −$15.01 |
| NOI | $147.1k | $35.02 |
4,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $147,091 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,222 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$3.48M
$3.04M – $4.06M
NOI $243,432 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - New 4-family Brooklyn building with backyard, rooftop, and high returns.
Where is this quadplex located?
The property is located at 2041 Strauss St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: High‑yield investment opportunity with a projected 6.95% cap rate and $147,648 annual net operating income (NOI).; Fully vacant, move‑in‑ready, modern 4‑family building constructed in 2025 with contemporary finishes.; **Private outdoor spaces:** Backyard access for the first‑floor unit and **private rooftop access with expansive views** for the top‑floor duplex.
