4-Unit Residential
New
For Sale
$2,395,000
156 Willoughby Avenue, Brooklyn, NY 11205
Residential Income, Brooklyn, NY
Property Size3,000 SF
Price / SF$798.33
Days on Market6
Property Features for 156 Willoughby Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2
Subdivision
Clinton Hill
High school district
000000
Standard status
Active
Size
3,000 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Keith Frazier
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 20 at 8:06PM
MLS# 12027282
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 3,000-square-foot building is configured as four residential apartments. Its four-unit layout accommodates separate residential living spaces within one property.
The property is on Willoughby Avenue in Brooklyn, near the Clinton Hill and Fort Greene intersection. Pratt Institute, Fort Greene Park, Downtown Brooklyn, Barclays Center, neighborhood restaurants, cafés, shopping, and transportation are nearby.
The property is on Willoughby Avenue in Brooklyn, near the Clinton Hill and Fort Greene intersection. Pratt Institute, Fort Greene Park, Downtown Brooklyn, Barclays Center, neighborhood restaurants, cafés, shopping, and transportation are nearby.
Key Highlights
- Four residential apartments
- 3,000 square feet
- Located on Willoughby Avenue near the Clinton Hill and Fort Greene intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 11205, NY
50,474
Population
19,200
Households
2.6
Avg Household Size
30
Median Age
52%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
42,062
Density / Sq Mi
$86,753
Median Household Income
$59,901
Median Earnings
$2,307
Median Rent
$892,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential apartments provide a flexible configuration for owner occupancy and rental use.
Where is this quadplex located?
The property is located at 156 Willoughby Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Four residential apartments; 3,000 square feet; Located on Willoughby Avenue near the Clinton Hill and Fort Greene intersection
