3-Unit Multifamily Building with
New
For Sale
$1,795,000
1484 Prospect Place, Brooklyn, NY 11213
The brick property combines three apartments with a private garden and a mix of two- and three-bedroom layouts.
Property Size3,740 SF
Price / SF$479.95
Days on Market5
Property Features for 1484 Prospect Place
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,452
Building Details
Building Size
3,740 SF
Year Built
2008
Buildings
1
Construction
brick
Listing Agency:
Compass
Listed By:
Sarah Sawyer · License #10301214928
(917) 854-1898
Source:
Penrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:53AM
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
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Investment Insights
Based on property information with market context.
This 2008 brick multifamily building contains three apartments. The ground-floor unit has two bedrooms, a recreation room, and a private garden; the two upper apartments each have three bedrooms. The property measures 25' wide by 45' deep on a lot with 79' of depth. Its 3,740 SF includes 3,120 SF of building area and a 620 SF basement.
The property is in Brooklyn, with access to the 3, 4, A, and C subway trains. The stated FAR is up to 2.2 for residential use or 4.8 for facility use; an architect should confirm applicable figures.
The property is in Brooklyn, with access to the 3, 4, A, and C subway trains. The stated FAR is up to 2.2 for residential use or 4.8 for facility use; an architect should confirm applicable figures.
Key Highlights
- Three apartments: one two‑bedroom unit with recreation room and two three‑bedroom units
- Private garden serving the ground‑floor apartment
- 3,740 SF total: 3,120 SF plus a 620 SF basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,981
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,619,620
$2.6M
Cap Rate 7%
$1,871,157
$1.9M
Cap Rate 9%
$1,455,344
$1.5M
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$190.7K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$187.1K $50.03/SF
− OpEx
−$56.1K −$15.01/SF
NOI
$131.0K $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%
$2,619,620
Cap Rate 7%
$1,871,157
Cap Rate 9%
$1,455,344
Alternative Uses
Best Use
Multifamily LT 5
$1.87M
$1.64M – $2.18M
NOI $130,981 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,178 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,770 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,850
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The brick property combines three apartments with a private garden and a mix of two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 1484 Prospect Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Three apartments: one two‑bedroom unit with recreation room and two three‑bedroom units; Private garden serving the ground‑floor apartment; 3,740 SF total: 3,120 SF plus a 620 SF basement
