Three-Story Quadplex with 4
For Sale
$1,880,000
1727 E 14th St, Brooklyn, NY 11229
Remodeled three-story quadplex with four separate apartments, featuring 1.5 baths in each unit layout.
Property Size5,250 SF
Days on Market120
Property Features for 1727 E 14th St
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$41,000
Building Details
Building Size
5,250 SF
Year Built
1985
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
WINZONE REALTY INC.
Listed By:
Susan Kwak · License #10401332623
(718) 873-6517
Source:
Elliman
Added: May 9
Changed: Aug 18
Last Checked: Sep 4 at 2:37PM
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 WINZONE REALTY INC.
Investment Insights
Based on property information with market context.
This three-story quadplex is configured to provide four separate households, with a duplex arrangement on each floor plus a basement apartment. The property was completely remodeled two years ago and is described as requiring no repairs.
Unit mix includes a basement 2BR with 1.5 baths, a first-floor 2BR with 1.5 baths, a second-floor 3BR with 1.5 baths, and a third-floor 2BR with 1.5 baths.
The property is located at 1727 E 14th St in Brooklyn, NY. Walk and transit convenience are reflected in a walkScore of 96 and a transitScore of 84, with a bikeScore of 63.
Unit mix includes a basement 2BR with 1.5 baths, a first-floor 2BR with 1.5 baths, a second-floor 3BR with 1.5 baths, and a third-floor 2BR with 1.5 baths.
The property is located at 1727 E 14th St in Brooklyn, NY. Walk and transit convenience are reflected in a walkScore of 96 and a transitScore of 84, with a bikeScore of 63.
Key Highlights
- Remodeled three‑story quadplex built in 1985 with four separate apartments (four households)
- Two years ago remodeling is reported as complete with no repairs required
- Each unit includes 1.5 bathrooms across the basement, 1st floor, 2nd floor, and 3rd floor apartments
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
$160,277
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
8.53%
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%
$3,205,540
$3.2M
Cap Rate 7%
$2,289,671
$2.3M
Cap Rate 9%
$1,780,856
$1.8M
Market Conditions
NOI Build-Up for 5,250 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
$297.4K $56.64/SF
− Vacancy
−$5.9K −$1.13/SF
EGI
$291.4K $55.51/SF
− OpEx
−$131.1K −$24.98/SF
NOI
$160.3K $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 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%
$3,205,540
Cap Rate 7%
$2,289,671
Cap Rate 9%
$1,780,856
Alternative Uses
Best Use
Multifamily LT 5
$2.63M
$2.30M – $3.06M
NOI $183,864 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,277 @ 7.0% cap · market cap 8.53%
Theoretical Best
Specialty Retail
$4.35M
$3.80M – $5.07M
NOI $304,290 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Remodeled three-story quadplex with four separate apartments, featuring 1.5 baths in each unit layout.
Where is this quadplex located?
The property is located at 1727 E 14th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Remodeled three‑story quadplex built in 1985 with four separate apartments (four households); Two years ago remodeling is reported as complete with no repairs required; Each unit includes 1.5 bathrooms across the basement, 1st floor, 2nd floor, and 3rd floor apartments
