East Flatbush Four-Family Investment
For Sale
$799,000
Pending
170 Veronica Pl, Brooklyn, NY 11226
Four-family home in East Flatbush, Brooklyn, ideal for investors.
Property Size2,800 SF
Lot Size0.06 Acres
Days on Market214
Property Features for 170 Veronica Pl
General Information
Standard status
Pending
Size
2,800 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,883
Building Details
Building Size
2,800 SF
Year Built
1930
Stories
2
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Hugo Salazar · License #31SA1010105
(718) 532-2000
Source:
Elliman
Added: Mar 24
Changed: Oct 16
Last Checked: Oct 23 at 10:14AM
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 RE/MAX Real Estate Professiona
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached four-family home is located in East Flatbush. The property includes two two-bedroom units and two one-bedroom units. A full basement provides additional flexibility. This property is a short sale and is subject to lender approval. The home requires renovation and is being sold as-is. This presents an opportunity for investors or buyers seeking a project in a high-demand Brooklyn neighborhood. The property is intended for use as a multifamily or residential income property.
Key Highlights
- Four‑family home in high‑demand East Flatbush neighborhood.
- Short sale opportunity.
- Potential for investors or buyers seeking a renovation project.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,976
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,520
$1.4M
Cap Rate 7%
$1,013,943
$1.0M
Cap Rate 9%
$788,622
$788.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$105.8K $37.80/SF
− Vacancy
−$4.4K −$1.59/SF
EGI
$101.4K $36.21/SF
− OpEx
−$30.4K −$10.86/SF
NOI
$71.0K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,520
Cap Rate 7%
$1,013,943
Cap Rate 9%
$788,622
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.2K – $1.18M
NOI $70,976 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$937.7K
$820.5K – $1.09M
NOI $65,641 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,876 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
6,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family home in East Flatbush, Brooklyn, ideal for investors.
Where is this quadplex located?
The property is located at 170 Veronica Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑family home in high‑demand East Flatbush neighborhood.; Short sale opportunity.; Potential for investors or buyers seeking a renovation project.
