Brick Quadplex with Four
For Sale
$1,850,000
1535 72nd St, Brooklyn, NY 11272
Three-story semi-detached building offers two two-bedroom and two three-bedroom residences.
Property Size3,250 SF
Days on Market127
Property Features for 1535 72nd St
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Multi Family
Net Operating Income
$100,000
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$120,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,210
Building Details
Building Size
3,250 SF
Stories
3
Construction
brick
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
William Lin · License #10401344943
(929) 364-1301
Source:
Elliman
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 31 at 6:52PM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This solid-brick quadplex is a semi-detached, three-story residential property with a lower level and four apartments. The unit mix includes two three-bedroom residences and two two-bedroom residences, providing a clearly defined multifamily layout. The building is described as well maintained and configured for residential income use.
The property is located on 72nd Street in Brooklyn’s Bensonhurst area. Its walkability, transit access, and bicycle connectivity are reflected in a 96 Walk Score, 81 Transit Score, and 54 Bike Score. The combination of brick construction, four apartments, and a varied bedroom mix creates a straightforward residential investment profile.
The property is located on 72nd Street in Brooklyn’s Bensonhurst area. Its walkability, transit access, and bicycle connectivity are reflected in a 96 Walk Score, 81 Transit Score, and 54 Bike Score. The combination of brick construction, four apartments, and a varied bedroom mix creates a straightforward residential investment profile.
Key Highlights
- Four‑family brick property with two three‑bedroom and two two‑bedroom units
- Three‑story semi‑detached building with a lower level
- Located in Brooklyn’s Bensonhurst area
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
$113,821
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
6.15%
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%
$2,276,420
$2.3M
Cap Rate 7%
$1,626,014
$1.6M
Cap Rate 9%
$1,264,678
$1.3M
Market Conditions
NOI Build-Up for 3,250 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
$165.8K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$162.6K $50.03/SF
− OpEx
−$48.8K −$15.01/SF
NOI
$113.8K $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 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%
$2,276,420
Cap Rate 7%
$1,626,014
Cap Rate 9%
$1,264,678
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.42M – $1.90M
NOI $113,821 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,219 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$2.69M
$2.35M – $3.14M
NOI $188,370 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,866
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-story semi-detached building offers two two-bedroom and two three-bedroom residences.
Where is this quadplex located?
The property is located at 1535 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑family brick property with two three‑bedroom and two two‑bedroom units; Three‑story semi‑detached building with a lower level; Located in Brooklyn’s Bensonhurst area
