Brick Four-Unit Apartment
For Sale
$1,194,999
199 E 94th Street, Brooklyn, NY 11212
Residential Income, Brooklyn, NY
Property Size3,280 SF
Price / SF$364.33
Days on Market109
Property Features for 199 E 94th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 9, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 4
Subdivision
Remsen Village
High school district
000000
Standard status
Active
Size
3,280 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Mahir Sadman
(347) 771-7288
Added: Jun 29
Changed: Oct 15
Last Checked: Oct 15 at 7:06AM
MLS# 11861914
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 199 E 94th Street in Brooklyn, this 3,280-square-foot brick quadplex contains four apartments. The layout includes three two-bedroom, one-bath units and one larger three-bedroom, one-bath unit. A full basement adds substantial support space, while the building’s tall ceilings contribute to the interior configuration.
The property requires renovation, with the second floor already gutted and plumbing and electrical rough-ins in place. The roof has been fully renovated. Its Brooklyn location provides access to transportation, shopping, schools, and neighborhood amenities.
The property requires renovation, with the second floor already gutted and plumbing and electrical rough-ins in place. The roof has been fully renovated. Its Brooklyn location provides access to transportation, shopping, schools, and neighborhood amenities.
Key Highlights
- 3,280‑square‑foot brick quadplex at 199 E 94th Street, Brooklyn, NY 11212
- Unit mix includes three 2‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment
- Full basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,135
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,700
$2.0M
Cap Rate 7%
$1,430,500
$1.4M
Cap Rate 9%
$1,112,611
$1.1M
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$185.8K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$182.1K $55.51/SF
− OpEx
−$81.9K −$24.98/SF
NOI
$100.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,700
Cap Rate 7%
$1,430,500
Cap Rate 9%
$1,112,611
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.44M – $1.91M
NOI $114,871 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,135 @ 7.0% cap · market cap 8.38%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,109 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick construction includes a varied apartment mix and a full basement.
Where is this quadplex located?
The property is located at 199 E 94th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,194,999.
What are key features of this property?
This property features: 3,280‑square‑foot brick quadplex at 199 E 94th Street, Brooklyn, NY 11212; Unit mix includes three 2‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment; Full basement provides additional interior space
