Bensonhurst Four-Family
For Sale
$1,999,999
Pending
1687 83rd St, Brooklyn, NY 11214
Well-maintained four-family home in the heart of Bensonhurst.
Property Size3,198 SF
Lot Size0.08 Acres
Days on Market218
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Property Features for 1687 83rd St
General Information
Standard status
Pending
Size
3,198 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$15,195
Building Details
Building Size
3,198 SF
Year Built
1931
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Giovanni Nocella
(718) 612-3088
Source:
Elliman
Added: Mar 12
Changed: Oct 8
Last Checked: Oct 15 at 12:00AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This well-maintained four-family home is located in Bensonhurst. The solid brick property includes three 2-bedroom apartments and one 3-bedroom unit. A fully finished basement provides storage space. The building measures 21x78 and sits on a 28x120 lot. The property is near local transportation, schools, parks, and shopping and dining options. This multi-family property is located in Brooklyn.
Key Highlights
- Located in the desirable Bensonhurst neighborhood.
- Four‑family home featuring three 2‑bedroom apartments and one spacious 3‑bedroom unit.
- Solid brick construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,225
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,500
$1.7M
Cap Rate 7%
$1,246,071
$1.2M
Cap Rate 9%
$969,167
$969.2K
Market Conditions
NOI Build-Up for 3,198 SF
Gross rent
$130.5K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.6K $38.96/SF
− OpEx
−$37.4K −$11.69/SF
NOI
$87.2K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,500
Cap Rate 7%
$1,246,071
Cap Rate 9%
$969,167
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,225 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$1.12M
$977.2K – $1.30M
NOI $78,173 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,589 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Well-maintained four-family home in the heart of Bensonhurst.
Where is this quadplex located?
The property is located at 1687 83rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Located in the desirable Bensonhurst neighborhood.; Four‑family home featuring three 2‑bedroom apartments and one **spacious 3‑bedroom unit**.; Solid brick construction.
