Three-Story 6-Unit Apartment
1431 Greene Avenue Brooklyn, NY 11237
For Sale
$1,999,999
Six-unit, three-story multifamily property sold in as-is condition with 12 railroad bedrooms and six bathrooms.
Property Size4,500 SF
Lot Size0.06 Acres
Price / SF$444.44
Days on Market1409
Property Features for 1431 Greene Avenue
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency:
Winzone Realty Inc
(718) 886-3200
Listed By:
Rossy M. Ceron
(718) 886-3200
Source:
Compass
Added: Sep 15, 2022
Changed: Jul 23
Last Checked: Jul 24 at 3:28PM
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 six-unit apartment building is being sold in “as-is” condition. The property includes 12 railroad bedrooms and six bathrooms. The building is situated on a lot measuring 25 ft. by 113 ft., with building dimensions of 25 ft. by 60 ft.
Located at 1431 Greene Avenue in Brooklyn, the property is in Bushwick and described as being close to Ridgewood.
The existing configuration supports a multi-unit residential income layout across the building’s three floors, with the bedroom and bathroom count currently established for the units as part of the as-is sale.
Located at 1431 Greene Avenue in Brooklyn, the property is in Bushwick and described as being close to Ridgewood.
The existing configuration supports a multi-unit residential income layout across the building’s three floors, with the bedroom and bathroom count currently established for the units as part of the as-is sale.
Key Highlights
- 6‑family, three‑story multifamily property sold in as‑is condition
- Built in 1931 with frame construction and a full, unfinished basement
- 12 railroad bedrooms and 6 bathrooms across the six units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $254.9k | $56.64 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $249.8k | $55.51 |
| − OpEx | −$112.4k | −$24.98 |
| NOI | $137.4k | $30.53 |
4,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit, three-story multifamily property sold in as-is condition with 12 railroad bedrooms and six bathrooms.
Where is this apartment building located?
The property is located at 1431 Greene Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 6‑family, three‑story multifamily property sold in as‑is condition; Built in 1931 with frame construction and a full, unfinished basement; 12 railroad bedrooms and 6 bathrooms across the six units
