Barrel-Front Multifamily
For Sale
$1,200,000
147 Schenectady Avenue, Brooklyn, NY 11213
Historic Brooklyn townhouse with flexible interior space, decorative fireplaces, and a full basement.
Property Size2,964 SF
Price / SF$404.86
Days on Market80
Property Features for 147 Schenectady Avenue
General Information
Standard status
Active
Size
2,964 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,984
Amenities
decorative fireplaces
full basement
Building Details
Building Size
2,964 SF
Year Built
1899
Listing Agency:
Compass
(718) 909-8003
Listed By:
Kashif Kashi Khan
(718) 909-8003
Source:
Carlinwright
Added: May 26
Changed: Aug 8
Last Checked: Aug 12 at 2:44PM
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 Compass
Investment Insights
Based on property information with market context.
This multifamily townhouse at 147 Schenectady Avenue in Brooklyn provides 2964 square feet across a seven-room layout. The home includes five bedrooms, three ceramic bathrooms, decorative fireplaces, and a full basement that adds substantial supporting space. Its barrel-front design and classic exterior detailing reflect the character of the 1899-built property.
The residence combines a historic architectural profile with a broad interior configuration suitable for multifamily ownership. The basement offers room for storage or additional household functions, while the seven-room arrangement provides flexibility throughout the home. The property is positioned in Brooklyn near dining, shopping, and entertainment options.
The residence combines a historic architectural profile with a broad interior configuration suitable for multifamily ownership. The basement offers room for storage or additional household functions, while the seven-room arrangement provides flexibility throughout the home. The property is positioned in Brooklyn near dining, shopping, and entertainment options.
Key Highlights
- 2964 square feet of interior space
- Five bedrooms and three ceramic bathrooms
- Seven‑room multifamily townhouse layout
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
$90,488
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
7.54%
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%
$1,809,760
$1.8M
Cap Rate 7%
$1,292,686
$1.3M
Cap Rate 9%
$1,005,422
$1.0M
Market Conditions
NOI Build-Up for 2,964 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
$167.9K $56.64/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$164.5K $55.51/SF
− OpEx
−$74.0K −$24.98/SF
NOI
$90.5K $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%
$1,809,760
Cap Rate 7%
$1,292,686
Cap Rate 9%
$1,005,422
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,488 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,793 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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?
Multifamily property - Historic Brooklyn townhouse with flexible interior space, decorative fireplaces, and a full basement.
Where is this multifamily property located?
The property is located at 147 Schenectady Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2964 square feet of interior space; Five bedrooms and three ceramic bathrooms; Seven‑room multifamily townhouse layout
