Newly Built Four-Unit
For Sale
$1,950,000
2041 Strauss St, Brooklyn, NY 11212
Vacant residential income property with modern apartments, private outdoor areas, and separate utility service.
Property Size4,200 SF
Days on Market14
Property Features for 2041 Strauss St
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,106
Building Details
Building Size
4,200 SF
Year Built
2025
Units
4
Listing Agency:
One Stop Multiservice Inc
(718) 554-0257
Listed By:
Raymond N. Rivera
(718) 554-0257
Source:
Elliman
Added: Aug 19
Changed: Aug 31
Last Checked: Aug 31 at 3:07PM
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 One Stop Multiservice Inc
Investment Insights
Based on property information with market context.
Completed in 2025, this four-unit residential property provides approximately 4,200 square feet on a 20' x 100' lot. The building contains seven bedrooms and five full bathrooms, including a top-floor duplex with private rooftop access and a first-floor apartment opening to a private backyard. All four apartments are delivered vacant for immediate leasing activity.
Interior features include modern kitchens with stainless-steel appliances, tiled bathrooms, in-unit laundry, split heating and cooling systems, Andersen hurricane-impact windows, and contemporary finishes. Separate utilities and a new video intercom system support individual apartment operations. The property is located at 2041 Strauss St in Brooklyn, NY 11212, near schools, parks, shopping, restaurants, public transportation, and major highways. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Interior features include modern kitchens with stainless-steel appliances, tiled bathrooms, in-unit laundry, split heating and cooling systems, Andersen hurricane-impact windows, and contemporary finishes. Separate utilities and a new video intercom system support individual apartment operations. The property is located at 2041 Strauss St in Brooklyn, NY 11212, near schools, parks, shopping, restaurants, public transportation, and major highways. Walk Score is 92, Transit Score is 98, and Bike Score is 67.
Key Highlights
- 2025 construction with four legal residential units
- Approximately 4,200 square feet on a 20' x 100' lot
- Seven bedrooms and five full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$147,091
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,941,820
$2.9M
Cap Rate 7%
$2,101,300
$2.1M
Cap Rate 9%
$1,634,344
$1.6M
Market Conditions
NOI Build-Up for 4,200 SF
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.
Gross rent
$214.2K $51.00/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$210.1K $50.03/SF
− OpEx
−$63.0K −$15.01/SF
NOI
$147.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,941,820
Cap Rate 7%
$2,101,300
Cap Rate 9%
$1,634,344
Alternative Uses
Best Use
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $147,091 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,222 @ 7.0% cap · market cap 6.58%
Theoretical Best
Specialty Retail
$3.48M
$3.04M – $4.06M
NOI $243,432 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,634
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant residential income property with modern apartments, private outdoor areas, and separate utility service.
Where is this quadplex located?
The property is located at 2041 Strauss St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2025 construction with four legal residential units; Approximately 4,200 square feet on a 20' x 100' lot; Seven bedrooms and five full bathrooms
