Four-Unit Building Near Metropolitan
187 Woodpoint Road Brooklyn, NY 11211
For Sale
Contact for pricing
Four-story building with four units near Metropolitan Avenue.
Property Size4,259 SF
Price / SF$798.31
Days on Market763
Property Features for 187 Woodpoint Road
General Information
- Standard status
- Active
- Size
- 4,259 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1999
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: Jun 25, 2024
Changed: Jul 6
Last Checked: Jul 26 at 5:12AM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is an 18-foot wide, four-story building with four units. The ground floor features a two-bedroom duplex apartment with two full bathrooms, a half bathroom, a living/dining area, and a full kitchen, with access to the backyard. Floors two through four each contain a three-bedroom floor-through apartment. These apartments include two full bathrooms, a full kitchen, and a living/dining area. All apartments feature wood floors, spacious bedrooms with good-sized closets, stainless steel appliances in the kitchens, a washer & dryer, microwave, and dishwasher. Common hallway storage closets are available. Each apartment is individually metered for gas and electric, and tenants are responsible for their own heat and hot water. The property is located two blocks from Metropolitan Avenue, which offers a variety of restaurants and brand-name retail stores. The L train is also two blocks away at Metropolitan & Graham Avenue. The building offers a user opportunity, where the user can live on the ground floor apartment and rent out the upper three floors. The property size is 4259 square feet.
Key Highlights
- Four‑unit building offering income potential
- Prime location: two blocks from Metropolitan Avenue and the L train
- Ground floor duplex with backyard access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.2k | $51.00 |
| − Vacancy | −$4.1k | −$0.97 |
| EGI | $213.1k | $50.03 |
| − OpEx | −$63.9k | −$15.01 |
| NOI | $149.2k | $35.02 |
4,259 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.13M
$1.86M – $2.49M
NOI $149,157 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,023 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$3.53M
$3.09M – $4.11M
NOI $246,852 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-story building with four units near Metropolitan Avenue.
Where is this quadplex located?
The property is located at 187 Woodpoint Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Four‑unit building offering income potential; Prime location: two blocks from Metropolitan Avenue and the L train; Ground floor duplex with backyard access
