Brooklyn Multifamily Investment
202 East 93rd Street Brooklyn, NY 11212
For Sale
$1,700,000
Six-unit multifamily property in a thriving Brooklyn neighborhood.
Property Size4,784 SF
Price / SF$355.35
Days on Market1790
Property Features for 202 East 93rd Street
General Information
- Standard status
- Active
- Size
- 4,784 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency:
RE/MAX Town & Country
(845) 765-6128
Listed By:
Felix M. Pena · License #10401337000
(845) 765-6128
Source:
Compass
Added: Aug 31, 2021
Changed: Jul 10
Last Checked: Jul 24 at 1:32PM
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 Town & Country
Investment Insights
Based on property information with market context.
Located at 202 East 93rd Street in Brooklyn, NY, this multifamily property features six units and offers an investment opportunity. The property size is 4784 square feet. Situated in a desirable neighborhood with convenient access to schools, parks, and public transportation, the location is attractive to tenants. The property includes a heated 2-car garage, a renovated roof from 2012, boiler renovations, and hallway sprinklers. This property offers a combination of stability and growth potential.
Key Highlights
- Prime 6‑unit multifamily property offering consistent cash flow.
- Desirable location with easy access to schools, parks, and public transportation.
- Heated 2‑car garage.
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 | $271.0k | $56.64 |
| − Vacancy | −$5.4k | −$1.13 |
| EGI | $265.5k | $55.51 |
| − OpEx | −$119.5k | −$24.98 |
| NOI | $146.1k | $30.53 |
4,784 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.43M
NOI $146,051 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.47M – $4.62M
NOI $277,281 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
T Sheilla Events
Event Planning
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in a thriving Brooklyn neighborhood.
Where is this apartment building located?
The property is located at 202 East 93rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime 6‑unit multifamily property offering consistent cash flow.; Desirable location with easy access to schools, parks, and public transportation.; Heated 2‑car garage.
