Four-Unit Brick Apartment
New
For Sale
$1,950,000
1430 70th Street, Brooklyn, NY 11228
Four residences include two- and three-bedroom layouts, with a separately accessed finished basement.
Property Size2,940 SF
Lot Size0.07 Acres
Price / SF$663.27
Days on Market7
Property Features for 1430 70th Street
General Information
Standard status
Active
Size
2,940 SF
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
2 x 2BR, 2 x 3BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,630
Amenities
split-unit air conditioning
See Remarks
3
Yes
8
First Floor Bedroom,First Floor Full Bath
Other
No
Driveway
2940
Building Details
Building Size
2,940 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Winzone Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 31 at 7:12AM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This detached brick multifamily property contains four dwelling units: two with two bedrooms and two with three bedrooms. Each residence has a living room and a full bathroom, and split-system air conditioning serves the building. A portion of the basement is finished and has its own private entrance. The building measures approximately 20 feet by 49 feet, while the lot measures 30 feet by 100 feet.
The property is in an R5 zoning district and was built in 1930. Shopping, restaurants, schools, parks, and public transportation are nearby.
The property is in an R5 zoning district and was built in 1930. Shopping, restaurants, schools, parks, and public transportation are nearby.
Key Highlights
- Four dwelling units: two 2‑bedroom residences and two 3‑bedroom residences
- Detached brick building measuring approximately 20’ x 49’
- 30’ x 100’ lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,964
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$149.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$147.1K $50.03/SF
− OpEx
−$44.1K −$15.01/SF
NOI
$103.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,755 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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?
Quadplex - Four residences include two- and three-bedroom layouts, with a separately accessed finished basement.
Where is this quadplex located?
The property is located at 1430 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Four dwelling units: two 2‑bedroom residences and two 3‑bedroom residences; Detached brick building measuring approximately 20’ x 49’; 30’ x 100’ lot
