Charming Clinton Hill Brownstone
For Sale
$2,500,000
504 Willoughby Ave, Brooklyn, NY 11206
Four-unit brownstone in vibrant Clinton Hill, Brooklyn. Income-producing property.
Property Size3,324 SF
Days on Market108
Property Features for 504 Willoughby Ave
General Information
Standard status
Active
Size
3,324 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,695
Building Details
Building Size
3,324 SF
Year Built
1901
Units
4
Listing Agency:
KARL MOHAN REALTY GROUP INC
(718) 322-8989
Listed By:
Karl Mohan · License #1030539
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 9 at 8:00AM
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 KARL MOHAN REALTY GROUP INC
Investment Insights
Based on property information with market context.
This charming four-unit brownstone is located in the heart of Clinton Hill, Brooklyn. The well-maintained, income-producing property offers classic brownstone character. It is ideally located within walking distance to shops, dining, and everyday conveniences in one of Brooklyn’s most vibrant neighborhoods. The location has a bike score of 75, making it very bikeable, a walk score of 87, making it very walkable, and a transit score of 95, making it a rider's paradise.
Key Highlights
- Excellent Transit Score (95): Rider's Paradise, ensuring easy access to public transportation.
- Prime Location: In the heart of Clinton Hill, Brooklyn, close to shops, dining, and conveniences.
- Income‑Producing Property: Strong rental potential in a desirable neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,240
$2.3M
Cap Rate 7%
$1,663,029
$1.7M
Cap Rate 9%
$1,293,467
$1.3M
Market Conditions
NOI Build-Up for 3,324 SF
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.
Gross rent
$169.5K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$166.3K $50.03/SF
− OpEx
−$49.9K −$15.01/SF
NOI
$116.4K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,240
Cap Rate 7%
$1,663,029
Cap Rate 9%
$1,293,467
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.46M – $1.94M
NOI $116,412 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,478 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,659 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit brownstone in vibrant Clinton Hill, Brooklyn. Income-producing property.
Where is this quadplex located?
The property is located at 504 Willoughby Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Excellent Transit Score (95): Rider's Paradise, ensuring easy access to public transportation.; Prime Location: In the heart of Clinton Hill, Brooklyn, close to shops, dining, and conveniences.; Income‑Producing Property: Strong rental potential in a desirable neighborhood.
