1961 W 10th St, Brooklyn, NY 11223

Building Details

Building Size 3,120 SF More

Year Built 1931 More

Stories 2 More

Listing Agency: Ben Bay Realty Co

Listed By: Anthony Mussolino · License NY AM4485 Show Phone

Source: Elliman

Added: Mar 11 Changed: Nov 4 Last Checked: Nov 12 at 8:55AM

Report an Issue

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 Ben Bay Realty Co

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This detached two-story brick four-family building is located in Gravesend. Constructed in 1931, the property offers over 3100 square feet of living space plus a full basement with a rear entrance. The building's dimensions are 20 feet by 78 feet, situated on a 25 foot by 100 foot lot. The first floor features two apartments: the front apartment has 4 rooms with 2 bedrooms, a living room, a kitchen, and a full bath; the rear apartment has 3 rooms with 1 bedroom, a living room, a kitchen, and a full bath. The second floor also contains two apartments: the front apartment has 3 bedrooms, a living room, a kitchen, and a full bath; the rear apartment has 1 bedroom, a living room, a kitchen, and a full bath. The property includes a shared drive with a curb cut in front. It is located between Avenue S and T, near schools, shopping, and transportation. This property is suitable for a 1031 exchange.

Key Highlights

• Detached 4‑family brick building
• Over 3100 sq. ft. of living space plus a full basement
• Four apartments: two 2‑bedroom units and two 1‑bedroom units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,567

Cap Rate

5.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,171,340 $2.2M

Cap Rate 7%

$1,550,957 $1.6M

Cap Rate 9%

$1,206,300 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$158.1K $51.00/SF

− Vacancy

−$3.0K −$0.97/SF

EGI

$155.1K $50.03/SF

− OpEx

−$46.5K −$15.01/SF

NOI

$108.6K $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%

$2,171,340

Cap Rate 7%

$1,550,957

Cap Rate 9%

$1,206,300

Alternative Uses

Best Use

Multifamily LT 5

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,567 @ 7.0% cap · market cap 5.75%

Second Best

Apartment 5plus

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,640 @ 7.0% cap · market cap 5.01%

Theoretical Best

Specialty Retail

$2.57M

$2.25M – $2.99M (±1% cap)

NOI $179,676 @ 7.0% cap · market cap 9.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Storage Facility Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,734

Businesses Nearby

Explore this area Business Placement

Demographics for 11223, NY

83,519

Population

28,857

Households

2.9

Avg Household Size

37

Median Age

34%

College-Educated

78%

High-School Grad

2.1 sq mi

ZIP Area

39,771

Density / Sq Mi

$63,950

Median Household Income

$40,592

Median Earnings

$1,653

Median Rent

$1,063,200

Median Home Value

Market

Average Price Trend$/SF for Quadplexes in Brooklyn, NY

$822 Jul

$796 Aug

$752 Sep

$736 Oct

Properties on Market for Quadplexes in Brooklyn

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Brick Quadplex with Finished Basement

136 Bay 38th Street, Brooklyn, NY 11214

$1,888,000

3,116 SF

View details

Corner Quadplex with Basement

44 Quentin Road, Brooklyn, NY 11223

$1,895,000

3,000 SF

View details

Four-Unit Brick Quadplex

844 39th Street, Brooklyn, NY 11232

$1,870,000

3,252 SF

View details

Brick 4-Family Residence

1687 83rd Street, Brooklyn, NY 11214

$1,800,000

3,198 SF

View details

Brick Quadplex with Finished Basement

2234 63rd Street, Brooklyn, NY 11204

$1,980,000

3,200 SF

View details

Brick 4-Unit Quadplex

1838 Bay Ridge Avenue, Brooklyn, NY 11204

$1,998,000

3,026 SF

View details

Three-Story Quadplex with Backyard

1640 Bath Avenue, Brooklyn, NY 11214

$1,788,000

3,237 SF

View details

Brick Quadplex With Finished Basement

1708 W 12th Street, Brooklyn, NY 11223

$1,990,000

3,000 SF

View details

Brick Quadplex with Driveway Parking

1450 Ocean Avenue, Brooklyn, NY 11230

$2,000,000

3,280 SF

View details

100% Leased Four-Family

464 Quincy Street, Brooklyn, NY 11221

$1,795,000

3,300 SF

View details

Vacant Brick Quadplex

1664 W 6th Street, Brooklyn, NY 11223

$1,699,000

3,240 SF

View details

Detached Brick Quadplex

60 Quentin Road, Brooklyn, NY 11223

$1,888,888

0.07 Acres

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Detached four-family brick building in Gravesend, great location.

Where is this quadplex located?

The property is located at 1961 W 10th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,888,000.

What are key features of this property?

This property features: Detached 4‑family brick building; Over 3100 sq. ft. of living space plus a full basement; Four apartments: two 2‑bedroom units and two 1‑bedroom units