Borough Park Four-Family
For Sale
$2,500,000
Pending
1553 39th St, Brooklyn, NY 11218
Four-family homes in prime location with rental and development potential.
Property Size3,256 SF
Lot Size0.04 Acres
Days on Market316
Property Features for 1553 39th St
General Information
Standard status
Pending
Size
3,256 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,787
Building Details
Building Size
3,256 SF
Year Built
1930
Stories
2
Listing Agency:
Real Broker LLC
Listed By:
Ichok Landau
(718) 256-4000
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 3
Last Checked: Oct 7 at 1:41PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This property features a four-family home located in Borough Park/Kensington. The building includes three apartments with two bedrooms, a kitchen, and a dining room, along with one apartment that has one bedroom, a kitchen, and a dining room. The building also features a finished basement and is in good condition. The lot size is 20 feet by 100 feet, while the building size is 20 feet by 80 feet. The zoning is R6. This property is suitable for investors, developers, or end-users. The adjacent house is also available and has the same layout and development potential, offering the option to purchase both properties as a package deal.
Key Highlights
- Prime location in Borough Park/Kensington.
- Strong rental and development potential.
- Four‑family building with existing rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,031
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,620
$2.3M
Cap Rate 7%
$1,629,014
$1.6M
Cap Rate 9%
$1,267,011
$1.3M
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$166.1K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$162.9K $50.03/SF
− OpEx
−$48.9K −$15.01/SF
NOI
$114.0K $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%
$2,280,620
Cap Rate 7%
$1,629,014
Cap Rate 9%
$1,267,011
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,031 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,402 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,718 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,938
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family homes in prime location with rental and development potential.
Where is this quadplex located?
The property is located at 1553 39th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location in Borough Park/Kensington.; Strong rental and development potential.; Four‑family building with existing rental income.
