Nine-Unit Apartment
New
For Sale
$8,000,000
176 Prospect Park W, Brooklyn, NY 11215
Residential, Brooklyn, NY
Property Size14,200 SF
Lot Size0.09 Acres
Price / SF$563.38
Days on Market2
Property Features for 176 Prospect Park W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7A
Bedrooms
36
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 29, Bedroom 9, Bedroom 5, Bedroom 14, Bedroom 24, Bedroom 32, Bedroom 28, Bedroom 7, Bedroom 19, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 8, Bedroom 16, Bedroom 30, Bathroom 7, Bedroom 13, Bedroom 6, Bedroom 10, Bedroom 15, Bedroom 21, Bedroom 31, Bedroom 12, Bathroom 9, Bedroom 18, Bedroom 17, Bedroom 20, Bedroom 11, Bedroom 4, Bedroom 26, Bedroom 34, Bathroom 3, Bedroom 35, Bedroom 27, Bathroom 1, Bedroom 33, Bedroom 1, Bathroom 8, Bathroom 5, Bedroom 23, Bedroom 22, Bedroom 25, Bedroom 36, Bedroom 2, Bathroom 2
Interior features
Dishwasher, Dryer, Washer
Basement
Finished
Subdivision
Park Slope
Standard status
Active
Size
14,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
38906
Amenities
rear yard
Building Details
Year built
1902
Floors in Building
4
Number of units
9
Flooring type
Hardwood, Laminate, Tile
Building materials
Masonry
Roof type
Flat, Rubber
Buildings
1
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Added: Nov 5
Last Checked: Nov 6 at 8:06AM
MLS# 505798
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 four-story masonry apartment property contains nine four-bedroom, one-bathroom residences within approximately 14,200 square feet. The building dates to 1902 and includes a full basement, a rear yard, and original architectural elements. Recent building work includes a new gas boiler and a roof installation. R7A zoning applies to the property, which occupies a 0.0922-acre parcel measuring 41 by 98 feet; the building footprint is 41 by 85 feet.
Prospect Park is directly across from the building, with walking and biking paths and recreational amenities. The F train is accessible nearby, and Prospect Heights, Gowanus, and Downtown Brooklyn are also within reach. Dining and retail businesses are located in the surrounding area.
Prospect Park is directly across from the building, with walking and biking paths and recreational amenities. The F train is accessible nearby, and Prospect Heights, Gowanus, and Downtown Brooklyn are also within reach. Dining and retail businesses are located in the surrounding area.
Key Highlights
- Nine apartments, each configured with four bedrooms and one bathroom
- Approximately 14,200 square feet across four stories
- 0.0922‑acre lot measuring 41 by 98 feet; building footprint measures 41 by 85 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$433,511
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,670,220
$8.7M
Cap Rate 7%
$6,193,014
$6.2M
Cap Rate 9%
$4,816,789
$4.8M
Market Conditions
NOI Build-Up for 14,200 SF
Gross rent
$804.3K $56.64/SF
− Vacancy
−$16.1K −$1.13/SF
EGI
$788.2K $55.51/SF
− OpEx
−$354.7K −$24.98/SF
NOI
$433.5K $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%
$8,670,220
Cap Rate 7%
$6,193,014
Cap Rate 9%
$4,816,789
Alternative Uses
Best Use
Apartment 5plus
$6.19M
$5.42M – $7.23M
NOI $433,511 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.76M
$10.29M – $13.72M
NOI $823,032 @ 7.0% cap · market cap 10.29%
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
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
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?
Apartment building - Each residence offers four bedrooms and one bathroom in a walk-up layout.
Where is this apartment building located?
The property is located at 176 Prospect Park W Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Nine apartments, each configured with four bedrooms and one bathroom; Approximately 14,200 square feet across four stories; 0.0922‑acre lot measuring 41 by 98 feet; building footprint measures 41 by 85 feet
