4-Unit Brick Multifamily
New
For Sale
$2,300,000
1862 68th Street, Brooklyn, NY 11204
A vacant first-floor apartment offers three bedrooms, while the remaining residences are rented month-to-month.
Property Size2,420 SF
Lot Size0.07 Acres
Days on Market7
Property Features for 1862 68th Street
General Information
Standard status
Active
Size
2,420 SF
Total Parking Spaces
1
Lot size
0.07 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,035
Amenities
Wall/Window Unit(s)
Steam
Partially Finished
Driveway
Building Details
Building Size
2,420 SF
Year Built
1930
Construction
brick
Listing Agency:
eXp Realty LLC
Listed By:
Tianlang Lao
(929) 810-8098
Source:
Evrealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Nov 1 at 5:41AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This brick multifamily property contains four residences: a first-floor apartment with three bedrooms and one bath, two second-floor apartments with two bedrooms and one bath each, and a separate rear residence with three bedrooms and one bath. The main building measures approximately 2,420 square feet per public records, with the rear unit additional. A full basement and steam heat serve the property.
The parcel measures 28.67 x 100. A shared driveway separates the main building from the rear residence and has space for one car; use and ownership require buyer verification. The two second-floor apartments and rear unit are rented month-to-month, while the first-floor apartment is vacant. The property is near the N train and shopping.
The parcel measures 28.67 x 100. A shared driveway separates the main building from the rear residence and has space for one car; use and ownership require buyer verification. The two second-floor apartments and rear unit are rented month-to-month, while the first-floor apartment is vacant. The property is near the N train and shopping.
Key Highlights
- Four residences: one 3‑bedroom, 1‑bath apartment, two 2‑bedroom, 1‑bath apartments, and one 3‑bedroom, 1‑bath rear unit
- 28.67 x 100 lot
- Main building approx 2,420 sq ft per public records; rear unit is additional
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,753
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,060
$1.7M
Cap Rate 7%
$1,210,757
$1.2M
Cap Rate 9%
$941,700
$941.7K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$123.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$121.1K $50.03/SF
− OpEx
−$36.3K −$15.01/SF
NOI
$84.8K $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%
$1,695,060
Cap Rate 7%
$1,210,757
Cap Rate 9%
$941,700
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,753 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$1.06M
$923.5K – $1.23M
NOI $73,880 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,263 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,000
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 - A vacant first-floor apartment offers three bedrooms, while the remaining residences are rented month-to-month.
Where is this quadplex located?
The property is located at 1862 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Four residences: one 3‑bedroom, 1‑bath apartment, two 2‑bedroom, 1‑bath apartments, and one 3‑bedroom, 1‑bath rear unit; 28.67 x 100 lot; Main building approx 2,420 sq ft per public records; rear unit is additional
