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Four-Story Brick Apartment Building
For Sale
Contact for pricing
Pending

315 87th St, Brooklyn, NY 11209

Four-floor walk-up brick building with 16 units, including 13 one-bedrooms and 3 two-bedrooms.

Property Size14,500 SF
Days on Market134

Property Features for 315 87th St

General Information

Standard status Pending
Size 14,500 SF
Property subtype Multifamily

Additional Details

Multifamily Units 16

Building Details

Stories 4
Listing Agency: Petses Realty Co. LLC
Listed By: Stephen Petses · License #New York
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 21 at 1:06PM

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 Petses Realty Co. LLC

Investment Insights

Based on property information with market context.

This four-story, walk-up brick apartment building contains 16 residential apartments across four floors, comprised of 13 one-bedroom units and 3 two-bedroom units. The property is presented as a cooperative ownership structure, with the transaction including full ownership of all outstanding shares and the underlying corporation. Upgrades and improvements are noted throughout, and each apartment includes an individual circuit breaker panel.

The building area is listed at 14,500 square feet. Reported building systems include a roof aged 20+ years and a boiler aged 15 years. The property is centrally located in Bay Ridge in southwest Brooklyn.

The cooperative structure allows individual apartments to be treated under free market status, with the offering highlighting potential monetization through individual unit resale or underlying entity finance.

Key Highlights

  • 16 residential apartments in a four‑floor walk‑up brick building
  • Unit mix: 13 one‑bedroom apartments and 3 two‑bedroom apartments
  • Building area is 14,500 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Building Supply HVAC Service

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

4,527
Businesses Nearby

Demographics for 11209, NY

73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 - Four-floor walk-up brick building with 16 units, including 13 one-bedrooms and 3 two-bedrooms.
Where is this apartment building located?
The property is located at 315 87th St Brooklyn, NY.
What are key features of this property?
This property features: 16 residential apartments in a four‑floor walk‑up brick building; Unit mix: 13 one‑bedroom apartments and 3 two‑bedroom apartments; Building area is 14,500 SF
(718) 238-1414 Call to check price and availability
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