Detached Four-Family Residential
For Sale
$2,280,000
Pending
473 64th St, Brooklyn, NY 11220
Detached four-family home with three-bedroom layouts across multiple units and separate heating and gas systems.
Property Size3,400 SF
Days on Market138
Property Features for 473 64th St
General Information
Standard status
Pending
Size
3,400 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,968
Building Details
Building Size
3,400 SF
Year Built
1920
Stories
2
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
FengZhen (Cindy) Chen
(718) 680-2776
Source:
Elliman
Added: Apr 28
Changed: Sep 7
Last Checked: Sep 11 at 10:14AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This detached four-family residential property offers a bright, well-proportioned layout designed for comfortable everyday living. The building includes three units with 3 bedrooms and 1 bathroom each, along with separate hot water and heating setups. There are four independent hot water heaters, separate heating and gas systems, and five electric meters.
The property is situated on 64th Street in Brooklyn, with transportation options described as being minutes from the N subway and the R train station, plus multiple nearby bus routes. The surrounding area includes supermarkets and restaurants, parks, and several schools.
Additional site details provided include a lot size of 25 by 100, and a building size of 20 by 85.
The property is situated on 64th Street in Brooklyn, with transportation options described as being minutes from the N subway and the R train station, plus multiple nearby bus routes. The surrounding area includes supermarkets and restaurants, parks, and several schools.
Additional site details provided include a lot size of 25 by 100, and a building size of 20 by 85.
Key Highlights
- Detached four‑family home built in 1920 with 25x100 lot size
- Building size 20x85 with bright, well‑proportioned layouts
- Three units each feature 3 bedrooms and 1 bathroom, with an individual living room
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
$101,234
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
4.44%
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%
$2,024,680
$2.0M
Cap Rate 7%
$1,446,200
$1.4M
Cap Rate 9%
$1,124,822
$1.1M
Market Conditions
NOI Build-Up for 3,400 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
$151.0K $44.40/SF
− Vacancy
−$6.3K −$1.86/SF
EGI
$144.6K $42.54/SF
− OpEx
−$43.4K −$12.76/SF
NOI
$101.2K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$2,024,680
Cap Rate 7%
$1,446,200
Cap Rate 9%
$1,124,822
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,234 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,667 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,289 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Detached four-family home with three-bedroom layouts across multiple units and separate heating and gas systems.
Where is this quadplex located?
The property is located at 473 64th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Detached four‑family home built in 1920 with 25x100 lot size; Building size 20x85 with bright, well‑proportioned layouts; Three units each feature 3 bedrooms and 1 bathroom, with an individual living room
