Building Details

Building Size 1,141 SF

Year Built 1986

Units 3

Listed By: Susan Chung Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 1 Last Checked: Oct 11 at 6:05AM

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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 Susan Chung

Investment Insights

Based on property information with market context.

A multifamily property located in Brooklyn, New York, is available for sale. The list price is $750,000.

Key Highlights

• Year Built: 1986

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,834

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$696,680 $696.7K

Cap Rate 7%

$497,629 $497.6K

Cap Rate 9%

$387,044 $387.0K

Market Conditions

NOI Build-Up for 1,141 SF

Gross rent

$64.6K $56.64/SF

− Vacancy

−$1.3K −$1.13/SF

EGI

$63.3K $55.51/SF

− OpEx

−$28.5K −$24.98/SF

NOI

$34.8K $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%

$696,680

Cap Rate 7%

$497,629

Cap Rate 9%

$387,044

Alternative Uses

Best Use

Apartment 5plus

$497.6K

$435.4K – $580.6K (±1% cap)

NOI $34,834 @ 7.0% cap · market cap 4.64%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$944.7K

$826.7K – $1.10M (±1% cap)

NOI $66,132 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Gym & Fitness Center Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,411

Businesses Nearby

Explore this area Business Placement

Demographics for 11209, NY

73,239

Population

33,286

Households

2.2

Avg Household Size

40

Median Age

53%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

34,876

Density / Sq Mi

$92,656

Median Household Income

$62,455

Median Earnings

$1,857

Median Rent

$905,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property in Brooklyn available for purchase.

Where is this apartment building located?

The property is located at 143 Bay Ridge Pkwy 3 Brooklyn, NY.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Year Built: 1986