Four-Unit Building Near Metropolitan
For Sale
Contact for pricing
187 Woodpoint Road, Brooklyn, NY 11211
Four-story building with four units near Metropolitan Avenue.
Property Size4,259 SF
Price / SF$798.31
Days on Market857
Property Features for 187 Woodpoint Road
General Information
Standard status
Active
Size
4,259 SF
Class
A
Property subtype
Multifamily
Zoning
R6B
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$193,604
Building Details
Year Built
1999
Year Renovated
2016
Buildings
1
Stories
4
Units
4
Listing Agency:
Brown Harris Stevens
Listed By:
Kervin Vales · License #109918089
(917) 564-5242
Source:
Crexi
Added: Jun 25, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:50AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$149,157
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,983,140
$3.0M
Cap Rate 7%
$2,130,814
$2.1M
Cap Rate 9%
$1,657,300
$1.7M
Market Conditions
NOI Build-Up for 4,259 SF
Gross rent
$217.2K $51.00/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$213.1K $50.03/SF
− OpEx
−$63.9K −$15.01/SF
NOI
$149.2K $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%
$2,983,140
Cap Rate 7%
$2,130,814
Cap Rate 9%
$1,657,300
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 authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,932
Businesses Nearby
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Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
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 - 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
