Listing Agency: Golden Star Realty Group

Listed By: Joe Goldberg

Source: Crexi

Added: Apr 12 Changed: Jul 20 Last Checked: Jul 30 at 3:56PM

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Investment Insights

Based on property information with market context.

This for-sale Class A multifamily property features 24 residential units with 100% occupancy. The offering is described as producing a 5% cap rate.

The building is located at 8801 Avenue J in Brooklyn, New York 11236.

Key Highlights

• 24 residential units with 100% occupancy
• Reported 5% cap rate
• Asking price: $12MM

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24

Residential units

100%

Occupancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2,054

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale multifamily property with 24 residential units and 100% occupancy, reporting a 5% cap rate.

Where is this apartment building located?

The property is located at 8801 Avenue J Brooklyn, NY.

What are key features of this property?

This property features: 24 residential units with 100% occupancy; Reported 5% cap rate; Asking price: $12MM