Brooklyn Brownstone Multifamily Investment Opportunity

1777 Union St Brooklyn, NY 11213

Claim this Listing
For Sale
$1,049,999

Multifamily brownstone in Crown Heights with renovation potential.

Type:Multi Family
Property size:
3,000 SF
Lot size:
0.04 Acres
Price / SF:
$349/SF
Added:
Mar 12, 2026
Days on Market:
123
Last Refresh:
Jul 2 at 10:30 am

Property Features for 1777 Union St

General Information

Standard status
Active
Size
3,000 SF
Lot size
0.04 Acres
Property subtype
Multi Family

Building Details

Year Built
1901

Listing office Fave Manhattan

Listing date Mar 12, 2026

Source Elliman

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 Fave Manhattan


Investment Insights

Based on property information with market context.

This multifamily brownstone, situated in the Crown Heights neighborhood of Brooklyn, presents an investment opportunity. The property features over 3,000 sq ft of living space. It is configured as two 3-bedroom units and includes a high-ceiling basement that offers potential for a third unit or extended family use, subject to approvals. The property requires renovation. It is located near Lincoln Terrace Park, the Brooklyn Botanic Garden, and public transportation.

Key Highlights

  • Spacious multi‑family brownstone with over 3,000 sq ft of living space.
  • Located in the rapidly developing Crown Heights neighborhood of Brooklyn.
  • Features two large 3‑bedroom units.

Local Financial Insights For Apartment 5plus

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 $169.9k $56.64
− Vacancy −$3.4k −$1.13
EGI $166.5k $55.51
− OpEx −$74.9k −$24.98
NOI $91.6k $30.53
3,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M (±1% cap)
NOI $91,587 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M (±1% cap)
NOI $173,880 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture Gym & Fitness Center Bar & Pub Cafe & Coffee Shop Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily brownstone in Crown Heights with renovation potential.
Where is this multifamily property located?
The property is located at 1777 Union St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,999.
What are key features of this property?
This property features: Spacious multi‑family brownstone with over 3,000 sq ft of living space.; Located in the rapidly developing Crown Heights neighborhood of Brooklyn.; Features two large 3‑bedroom units.
Contact an agent
More about this property
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