Four-Unit Building Near Metropolitan
189 Woodpoint Road Brooklyn, NY 11211
189 Woodpoint Road, Brooklyn, NY, 11211
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For Sale
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Four-story building with four units near Metropolitan Avenue.
Property Size3,952 SF
Price / SF$898.28
Days on Market753
Property Features for 189 Woodpoint Road
General Information
- Standard status
- Active
- Size
- 3,952 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 Checked: Jul 16 at 12:57 pm
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 and a half bathroom, a living/dining area, a full kitchen, and 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, and a washer & dryer, microwave, and dishwasher. Common hallway storage closets are available. The apartments are 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 restaurants and retail stores. The L train is two blocks away at Metropolitan & Graham Avenue. The building provides an opportunity for an owner to live in the ground floor apartment and rent out the upper three floors. The property size is 3952 square feet.
Key Highlights
- Four‑unit building offers income potential with three rental units.
- Ground floor duplex is ideal for owner occupancy with backyard access.
- Located two blocks from Metropolitan Avenue's restaurants and retail.
Local 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 | $201.6k | $51.00 |
| − Vacancy | −$3.8k | −$0.97 |
| EGI | $197.7k | $50.03 |
| − OpEx | −$59.3k | −$15.01 |
| NOI | $138.4k | $35.02 |
3,952 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,406 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,650 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.82M
NOI $229,058 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
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 189 Woodpoint Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Four‑unit building offers income potential with three rental units.; Ground floor duplex is ideal for owner occupancy with backyard access.; Located two blocks from Metropolitan Avenue's restaurants and retail.
