Brooklyn Multifamily Property for
For Sale
$1,500,000
Pending
1723 74TH St, Brooklyn, NY 11204
Multifamily property available in Brooklyn, New York.
Property Size2,500 SF
Lot Size0.04 Acres
Days on Market336
Property Features for 1723 74TH St
General Information
Standard status
Pending
Size
2,500 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,528
Building Details
Building Size
2,500 SF
Year Built
1910
Listing Agency:
Revived Residential
Listed By:
Michael Chindemi
(347) 994-6789
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:00AM
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 Revived Residential
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Investment Insights
Based on property information with market context.
A multifamily property located in Brooklyn, New York, is available for sale. The list price is $1,500,000.
Key Highlights
- YearBuilt: 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,322
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,440
$1.5M
Cap Rate 7%
$1,090,314
$1.1M
Cap Rate 9%
$848,022
$848.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$141.6K $56.64/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$138.8K $55.51/SF
− OpEx
−$62.4K −$24.98/SF
NOI
$76.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,440
Cap Rate 7%
$1,090,314
Cap Rate 9%
$848,022
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,843
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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?
Multifamily property - Multifamily property available in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 1723 74TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: YearBuilt: 1910
