Brooklyn Multifamily Property for
For Sale
$1,199,000
1745 Union Street, Brooklyn, NY 11213
Multifamily property available in Brooklyn, New York.
Property Size2,296 SF
Price / SF$522.21
Days on Market541
Property Features for 1745 Union Street
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,958
Building Details
Year Built
1901
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Frank Petralia
(718) 232-1004
Source:
Exitrealty
Added: May 5, 2025
Changed: Oct 25
Last Checked: Sep 15 at 5:00AM
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 MadisonEstates Sothebys Realty
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Investment Insights
Based on property information with market context.
A multifamily property located at 1745 Union St, Brooklyn, New York 11213, is available for sale. The property is classified under multifamily properties and residential income properties.
Key Highlights
- Year Built: 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,094
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,880
$1.4M
Cap Rate 7%
$1,001,343
$1.0M
Cap Rate 9%
$778,822
$778.8K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$130.0K $56.64/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$127.4K $55.51/SF
− OpEx
−$57.4K −$24.98/SF
NOI
$70.1K $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%
$1,401,880
Cap Rate 7%
$1,001,343
Cap Rate 9%
$778,822
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$876.2K – $1.17M
NOI $70,094 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,076 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,567
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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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?
Multifamily property - Multifamily property available in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 1745 Union Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Year Built: 1901
