Detached Brick
For Sale
$2,000,000
1811 72nd Street, Brooklyn, NY 11204
Large detached four-family brick building with one two-bedroom unit and three three-bedroom units.
Property Size3,280 SF
Price / SF$609.76
Days on Market182
Property Features for 1811 72nd Street
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$17,000
Building Details
Building Size
3,280 SF
Year Built
1926
Listing Agency:
R New York
Listed By:
Susan Chan
(212) 962-1268
Source:
Carlinwright
Added: Apr 24
Changed: Oct 20
Last Checked: Oct 21 at 3:13AM
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 R New York
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Investment Insights
Based on property information with market context.
Rare detached four-family brick income property offered for sale. The building is a two-story structure with a total of four apartment units, including one two-bedroom apartment and three three-bedroom apartments. The building sits on a 25x100 lot and is described as being in excellent condition.
The property is located in the heart of Bensonhurst, Brooklyn, with convenient proximity to shopping, restaurants, and transportation.
With this mix of larger three-bedroom units alongside a single two-bedroom unit, the layout provides an income-producing residential configuration within a detached brick quadplex setting.
The property is located in the heart of Bensonhurst, Brooklyn, with convenient proximity to shopping, restaurants, and transportation.
With this mix of larger three-bedroom units alongside a single two-bedroom unit, the layout provides an income-producing residential configuration within a detached brick quadplex setting.
Key Highlights
- Detached brick 4‑family building built in 1926
- 20x80 two‑story layout with 1 two‑bedroom unit and 3 three‑bedroom units
- Located on a 25x100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,871
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,297,420
$2.3M
Cap Rate 7%
$1,641,014
$1.6M
Cap Rate 9%
$1,276,344
$1.3M
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$167.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$164.1K $50.03/SF
− OpEx
−$49.2K −$15.01/SF
NOI
$114.9K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,297,420
Cap Rate 7%
$1,641,014
Cap Rate 9%
$1,276,344
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.44M – $1.91M
NOI $114,871 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,135 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,109 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,853
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
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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?
Quadplex - Large detached four-family brick building with one two-bedroom unit and three three-bedroom units.
Where is this quadplex located?
The property is located at 1811 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Detached brick 4‑family building built in 1926; 20x80 two‑story layout with 1 two‑bedroom unit and 3 three‑bedroom units; Located on a 25x100 lot
