Four-Story Brownstone
For Sale
$1,800,000
155 Stuyvesant Ave, Brooklyn, NY 11221
Four-level residence with a modernized garden-level apartment and additional multi-bedroom living spaces above.
Property Size3,510 SF
Days on Market127
Property Features for 155 Stuyvesant Ave
General Information
Standard status
Active
Size
3,510 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
can be restored and upgraded
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,095
Building Details
Building Size
3,510 SF
Year Built
1931
Buildings
1
Units
4
Construction
Brownstone
Listing Agency:
(516) 888-9715
Listed By:
Kaseem Allah
(516) 888-9715
Source:
Elliman
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 31 at 5:32PM
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 Kaseem Allah
Investment Insights
Based on property information with market context.
This 1931-built brownstone is arranged across four levels with multiple residential layouts. The garden-level one-bedroom apartment has been modernized and opens to a backyard suitable for gardening or outdoor gatherings. The second floor is vacant and includes two bedrooms, an eat-in kitchen, living room, half bathroom, and a separate shower room. The upper two floors each offer a flexible two- to three-bedroom arrangement with a private kitchen and bathroom. High ceilings are present through much of the residence, and the owner anticipates delivering the property vacant.
The property is located at 155 Stuyvesant Ave in Brooklyn’s Stuyvesant Heights area, near local shopping. The J train is approximately 5–6 blocks away, while the B46 bus stop is around the corner. WalkScore is 87, BikeScore is 75, and TransitScore is 95.
The property is located at 155 Stuyvesant Ave in Brooklyn’s Stuyvesant Heights area, near local shopping. The J train is approximately 5–6 blocks away, while the B46 bus stop is around the corner. WalkScore is 87, BikeScore is 75, and TransitScore is 95.
Key Highlights
- Four‑story brownstone at 155 Stuyvesant Ave, Brooklyn, NY 11221
- Built in 1931 with four residential levels
- Modernized 1‑bedroom garden‑level apartment with backyard access
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
$122,926
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
6.83%
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%
$2,458,520
$2.5M
Cap Rate 7%
$1,756,086
$1.8M
Cap Rate 9%
$1,365,844
$1.4M
Market Conditions
NOI Build-Up for 3,510 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
$179.0K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$175.6K $50.03/SF
− OpEx
−$52.7K −$15.01/SF
NOI
$122.9K $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%
$2,458,520
Cap Rate 7%
$1,756,086
Cap Rate 9%
$1,365,844
Alternative Uses
Best Use
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,926 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,157 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$2.91M
$2.54M – $3.39M
NOI $203,440 @ 7.0% cap · market cap 11.30%
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
4,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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?
Quadplex - Four-level residence with a modernized garden-level apartment and additional multi-bedroom living spaces above.
Where is this quadplex located?
The property is located at 155 Stuyvesant Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four‑story brownstone at 155 Stuyvesant Ave, Brooklyn, NY 11221; Built in 1931 with four residential levels; Modernized 1‑bedroom garden‑level apartment with backyard access
