Four-Story Townhouse in Carroll
152 Summit St Brooklyn, NY 11231
152 Summit St, Brooklyn, NY, 11231
$3,695,000
For Sale
$3,695,000
21-foot-wide brick townhouse primed for conversion.
Property Size4,150 SF
Price / SF$890.36
Days on Market59
Property Features for 152 Summit St
General Information
- Standard status
- Active
- Size
- 4,150 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency
Madison Estates & Properties
(718) 645-1665
Listed by
Dennis Estok
(718) 645-1665
Source
Elliman
Added: May 19 Checked: Jul 16 at 5:33 am
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 Madison Estates & Properties
Investment Insights
Based on property information with market context.
This four-story, 21-foot-wide brick townhouse, thoughtfully maintained by the same owners for more than 45 years, is located near the corner of Henry Street in Carroll Gardens. Currently configured as a four-family residence, the property is primed for conversion to a single-family home up to 4,150 square feet, or an owner’s duplex or triplex with added income. Historic details have been preserved wherever possible, including original moldings, mantels, floors, and ceilings. The property is centrally located near notable neighborhood restaurants, cafes, bakeries, artisanal markets, Carroll Park, P.S. 58 – The Carroll School, and the Carroll Gardens Greenmarket. Transportation is convenient at Carroll Street (F, G). The property will be delivered vacant. The location is considered very bikeable with a bike score of 79, very walkable with a walk score of 89, and a rider's paradise with a transit score of 100.
Key Highlights
- Prime Carroll Gardens location with excellent walkability (89) and transit (100).
- 21‑foot‑wide brick townhouse, offering substantial space and potential (up to 4,150 sq ft).
- Delivered vacant, providing immediate possession and renovation flexibility.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.7k | $51.00 |
| − Vacancy | −$4.0k | −$0.97 |
| EGI | $207.6k | $50.03 |
| − OpEx | −$62.3k | −$15.01 |
| NOI | $145.3k | $35.02 |
4,150 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.08M
$1.82M – $2.42M
NOI $145,340 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,695 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.01M
NOI $240,534 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Radhika Photography
Wedding Service
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FAQs
What type of property is this?
Quadplex - 21-foot-wide brick townhouse primed for conversion.
Where is this quadplex located?
The property is located at 152 Summit St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: Prime Carroll Gardens location with excellent walkability (89) and transit (100).; **21‑foot‑wide brick townhouse, offering substantial space and potential (up to 4,150 sq ft).**; Delivered vacant, providing immediate possession and renovation flexibility.
