Three-Story Brick Apartment
For Sale
$1,949,000
1322 41st Street, Brooklyn, NY 11218
Residential, Brooklyn, NY
Property Size3,600 SF
Lot Size0.06 Acres
Price / SF$541.39
Days on Market52
Property Features for 1322 41st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 9, Bedroom 7, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 5, Bedroom 11
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Boro-Park
Standard status
Active
Size
3,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
16700
Building Details
Year built
1930
Floors in Building
3
Number of units
6
Flooring type
Ceramic, Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter
(718) 532-2000
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 25 at 4:06PM
MLS# 504271
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This semi-detached multifamily building at 1322 41st Street is a three-story brick property built in 1930. The building contains 3,600 square feet on a 25-by-100-foot lot, with 11 bedrooms and 6 bathrooms. Interior features include a refrigerator and stove, while flooring includes ceramic, tile, and hardwood. The structure has a flat roof and solid brick construction.
The property is in Brooklyn’s Boro Park area, near 13th Avenue shopping, transportation, and houses of worship. R6 zoning supports its multifamily classification and provides an important land-use designation for evaluating the property.
The property is in Brooklyn’s Boro Park area, near 13th Avenue shopping, transportation, and houses of worship. R6 zoning supports its multifamily classification and provides an important land-use designation for evaluating the property.
Key Highlights
- 3,600‑square‑foot multifamily building on a 25‑by‑100‑foot lot
- Three‑story semi‑detached brick construction
- 11 bedrooms and 6 bathrooms
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.
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Location Intelligence
Trade Area within ½ mile
6,162
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - R6-zoned multifamily property with 11 bedrooms, 6 bathrooms, and a mix of ceramic, tile, and hardwood flooring.
Where is this apartment building located?
The property is located at 1322 41st Street 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: 3,600‑square‑foot multifamily building on a 25‑by‑100‑foot lot; Three‑story semi‑detached brick construction; 11 bedrooms and 6 bathrooms
