Solid Brick Legal 3-Family
1040 WILLMOHR St Brooklyn, NY 11212
1040 WILLMOHR St, Brooklyn, NY, 11212
$999,000
For Sale
$999,000
Semi-attached 3-family home with development potential in Brooklyn.
Property Size2,680 SF
Lot Size0.06 Acres
Price / SF$372.76
Days on Market132
Property Features for 1040 WILLMOHR St
General Information
- Standard status
- Active
- Size
- 2,680 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
Brooklyn Real Property, Inc.
(718) 875-8899
Listed by
Jean Paul Ho
(718) 875-8899
Source
Elliman
Added: Mar 12 Updated: Jul 6 at 12:26PM Checked: Jul 21 at 5:15AM
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 Brooklyn Real Property, Inc.
Investment Insights
Based on property information with market context.
Located at East 93rd Street and Willmohr Avenue, also known as 441 East 93rd Street, this semi-attached, solid brick, legal 3-family home is available for sale. The property features a large lot with development potential. The building is approximately 2,680 square feet (20.5 ft x 67 ft) on a 20.5 ft x 120 ft lot, zoned R6. It includes an additional 3,296 square feet of unused FAR. The top floor features 4 bedrooms, an oversized living room, a formal dining room, an eat-in kitchen, and a full bath. The first floor has 2 bedrooms, a living room, a formal dining room, an eat-in kitchen, and a full bath. The ground floor includes 1 bedroom, a living room, a formal dining room, an eat-in kitchen, and a full bath. The basement is a fully finished accessory unit with 6 rooms, a full bath, and a separate entrance. The property includes a new gas boiler, a new hot water heater, and new windows. It also features a 1-car detached garage, a private driveway, and a large fenced backyard. The location is convenient to shopping, buses, the 1, 2 & 3 subway lines, and Brookdale Hospital. The property is tenant-occupied and must be purchased with tenants.
Key Highlights
- Legal 3‑family semi‑attached solid brick home on a large lot.
- Great development potential with additional 3,296 sq. ft. unused FAR.
- Fully finished accessory unit in the basement with 6 rooms, full bath, and separate entrance.
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 | $151.8k | $56.64 |
| − Vacancy | −$3.0k | −$1.13 |
| EGI | $148.8k | $55.51 |
| − OpEx | −$66.9k | −$24.98 |
| NOI | $81.8k | $30.53 |
2,680 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,858 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Semi-attached 3-family home with development potential in Brooklyn.
Where is this triplex located?
The property is located at 1040 WILLMOHR St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal 3‑family semi‑attached solid brick home on a large lot.; Great development potential with additional 3,296 sq. ft. unused FAR.; Fully finished accessory unit in the basement with 6 rooms, full bath, and separate entrance.
