Three-Story Brick Apartment
New
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 Market1
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 11, Bedroom 5, Bathroom 1, Bathroom 5, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 4, Bedroom 7, Bathroom 6, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 10, Bedroom 2, Bathroom 2
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, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Added: Sep 4
Last Checked: Sep 4 at 11:06PM
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.
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 = 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
$109,904
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
5.64%
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%
$2,198,080
$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
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
$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 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%
$2,198,080
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
