Three-Story Brick Multifamily
For Sale
$1,949,000
1322 41st St, Brooklyn, NY 11218
Semi-detached construction provides a three-level multifamily layout on a residential Brooklyn block.
Property Size3,600 SF
Lot Size0.06 Acres
Days on Market53
Property Features for 1322 41st St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,700
Building Details
Building Size
3,600 SF
Year Built
1930
Buildings
1
Stories
3
Construction
solid brick
Listing Agency:
Remax Real Estate Professionals
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 26 at 5:38PM
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 Remax Real Estate Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached multifamily property is a solid-brick, three-story building constructed in 1930. The structure occupies a 25-by-100-foot lot and sits within the Boro Park area of Brooklyn. Its multi-level configuration and established construction define the asset’s physical profile.
The property is located at 1322 41st St, Brooklyn, NY 11218, on a quiet, tree-lined block. Shopping along 13th Ave, transportation, and houses of worship are described as a short distance away. Walk Score is 91, Transit Score is 89, and Bike Score is 74, reflecting strong pedestrian, transit, and bicycle access.
The property is located at 1322 41st St, Brooklyn, NY 11218, on a quiet, tree-lined block. Shopping along 13th Ave, transportation, and houses of worship are described as a short distance away. Walk Score is 91, Transit Score is 89, and Bike Score is 74, reflecting strong pedestrian, transit, and bicycle access.
Key Highlights
- Three‑story solid‑brick multifamily building
- Semi‑detached structure on a 25x100 lot
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,904
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,198,080
$2.2M
Cap Rate 7%
$1,570,057
$1.6M
Cap Rate 9%
$1,221,156
$1.2M
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$203.9K $56.64/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$199.8K $55.51/SF
− OpEx
−$89.9K −$24.98/SF
NOI
$109.9K $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 Rate 5%
$2,198,080
Cap Rate 7%
$1,570,057
Cap Rate 9%
$1,221,156
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Semi-detached construction provides a three-level multifamily layout on a residential Brooklyn block.
Where is this multifamily property located?
The property is located at 1322 41st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Three‑story solid‑brick multifamily building; Semi‑detached structure on a 25x100 lot; Built in 1930
