Brooklyn Multifamily Property For
For Sale
$510,000
Pending
154 South 3rd 24, Brooklyn, NY 11211
Multifamily property available for sale in Brooklyn, New York.
Property Size500 SF
Days on Market336
Property Features for 154 South 3rd 24
General Information
Standard status
Pending
Size
500 SF
Property subtype
Residential
Building Details
Building Size
500 SF
Year Built
1915
Listing Agency:
Green Kite Realty Group Inc
Listed By:
Nirmala Caraballo
(646) 479-7873
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 28 at 10:27AM
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 Green Kite Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A multifamily property located in Brooklyn, New York, is available for sale. The list price is $599,000.
Key Highlights
- Year Built: 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,264
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,280
$305.3K
Cap Rate 7%
$218,057
$218.1K
Cap Rate 9%
$169,600
$169.6K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$28.3K $56.64/SF
− Vacancy
−$566 −$1.13/SF
EGI
$27.8K $55.51/SF
− OpEx
−$12.5K −$24.98/SF
NOI
$15.3K $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 Rate 5%
$305,280
Cap Rate 7%
$218,057
Cap Rate 9%
$169,600
Alternative Uses
Best Use
Apartment 5plus
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
8,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
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?
Apartment building - Multifamily property available for sale in Brooklyn, New York.
Where is this apartment building located?
The property is located at 154 South 3rd 24 Brooklyn, NY.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Year Built: 1915
