Brick Quadplex with
For Sale
$1,688,888
1367 67th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size2,800 SF
Lot Size0.05 Acres
Price / SF$603.17
Days on Market181
Property Features for 1367 67th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 2
Basement
Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
2,800 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10560
Building Details
Year built
1931
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Compass Realty Central Inc.
(718) 232-6400
Listed By:
Albert Milone
(718) 232-6400
Added: Feb 13
Changed: Aug 3
Last Checked: Aug 13 at 1:06PM
MLS# 498871
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 2,800-square-foot quadplex is a four-family brick building with a basement, completed in 1931. The unit mix includes two one-bedroom apartments and two two-bedroom apartments, supported by six bedrooms and four bathrooms overall. Interior details include hardwood flooring, while the building has a flat roof and an irregular 20-by-70-foot footprint.
The property occupies a 20-by-100-foot lot measuring 0.0459 acres at 1367 67th Street in Brooklyn’s Bensonhurst area. It is located in Brooklyn, NY 11219, within Kings County, and carries R5B zoning. The configuration provides four residential units within an established multifamily property format.
The property occupies a 20-by-100-foot lot measuring 0.0459 acres at 1367 67th Street in Brooklyn’s Bensonhurst area. It is located in Brooklyn, NY 11219, within Kings County, and carries R5B zoning. The configuration provides four residential units within an established multifamily property format.
Key Highlights
- Four‑family brick building with basement
- 2,800 square feet of property size
- Unit mix includes 2 one‑bedroom and 2 two‑bedroom apartments
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
$80,862
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
4.79%
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%
$1,617,240
$1.6M
Cap Rate 7%
$1,155,171
$1.2M
Cap Rate 9%
$898,467
$898.5K
Market Conditions
NOI Build-Up for 2,800 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
$121.0K $43.20/SF
− Vacancy
−$5.4K −$1.94/SF
EGI
$115.5K $41.26/SF
− OpEx
−$34.7K −$12.38/SF
NOI
$80.9K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,617,240
Cap Rate 7%
$1,155,171
Cap Rate 9%
$898,467
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.04M
$907.3K – $1.21M
NOI $72,586 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,062 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with a two-bedroom and one-bedroom apartment mix, hardwood flooring, and flat roofing.
Where is this quadplex located?
The property is located at 1367 67th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,688,888.
What are key features of this property?
This property features: Four‑family brick building with basement; 2,800 square feet of property size; Unit mix includes 2 one‑bedroom and 2 two‑bedroom apartments
