Brooklyn Multifamily Residential
For Sale
$500,000
1258 E 98TH St, Brooklyn, NY 11236
Multifamily residential property for sale in Brooklyn, New York.
Property Size900 SF
Lot Size0.05 Acres
Days on Market329
Property Features for 1258 E 98TH St
General Information
Standard status
Active
Size
900 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,292
Building Details
Building Size
900 SF
Year Built
1960
Units
2
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License #JPH8888
(718) 713-6888
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 23
Last Checked: Oct 23 at 7:54AM
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
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Investment Insights
Based on property information with market context.
A multifamily residential property is available for sale. The property is located in Brooklyn, New York.
Key Highlights
- YearBuilt: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,476
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,520
$549.5K
Cap Rate 7%
$392,514
$392.5K
Cap Rate 9%
$305,289
$305.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$51.0K $56.64/SF
− Vacancy
−$1.0K −$1.13/SF
EGI
$50.0K $55.51/SF
− OpEx
−$22.5K −$24.98/SF
NOI
$27.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,520
Cap Rate 7%
$392,514
Cap Rate 9%
$305,289
Alternative Uses
Best Use
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily residential property for sale in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 1258 E 98TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: YearBuilt: 1960
