Newly Built Quadplex with Rooftop
For Sale
$1,950,000
2041 Strauss Street, Brooklyn, NY 11212
Residential Income, Brooklyn, NY
Property Size4,200 SF
Lot Size0.50 Acres
Price / SF$464.29
Days on Market14
Property Features for 2041 Strauss Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Bedrooms
12
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 5, Bathroom 2, Bathroom 8, Bathroom 5, Bedroom 1, Bathroom 3, Bathroom 6, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 10, Bathroom 7, Bathroom 1, Bathroom 4, Bedroom 9, Bedroom 6, Bedroom 12, Bedroom 2, Bathroom 9, Bedroom 4, Bedroom 11
Parking features
Off Street
Security features
Security Lighting
Window features
ENERGY STAR Qualified WIndows, Insulated Windows
Interior features
Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entrance Foyer, Open Floorplan, Open Kitchen, Recessed Lighting, Smart Thermostat, Walk Through Kitchen, Washer/Dryer Hookup
Lot features
Back Yard, Front Yard
Elementary school
Brooklyn Landmark Elementary School
Middle school
Brooklyn Environmental Exploration
High school
Frederick Douglass Academy Vii
Elementary school district
Brooklyn 23
Middle school district
Brooklyn 23
High school district
Brooklyn 23
Directions
Google Maps
Standard status
Active
APN
03555-0014
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2106
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Forced Air
Cooling system
ENERGY STAR Qualified Equipment, Multi Units
Water source
Public
Amenities
in-unit laundry
split HVAC
hurricane-impact windows
video intercom system
private backyard
private rooftop access
Building Details
Year built
2025
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Brick
Listing Agency:
One Stop Multi Service Inc
(718) 554-0257
Listed By:
Raymond N. Rivera
(347) 645-2004
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 31 at 3:06PM
MLS# 1038140
Copyright © 2026 OneKey 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.
Built in 2025, this approximately 4,200-square-foot quadplex contains four legal residential apartments with a combined seven bedrooms and five full bathrooms. The property is delivered vacant and includes contemporary kitchens with stainless-steel appliances, ceramic tile bathrooms, in-unit laundry, split heating and cooling systems, Andersen hurricane-impact windows, separate utilities, and a video intercom system. A first-floor residence connects directly to a private backyard, while the top-floor duplex includes private rooftop access.
The brick building includes off-street parking and is served by public water and public sewer. Its Brooklyn location is near schools, parks, shopping, restaurants, public transportation, and major highways. The property offers a newly built four-unit configuration with distinct apartment-level amenities and immediate leasing flexibility.
The brick building includes off-street parking and is served by public water and public sewer. Its Brooklyn location is near schools, parks, shopping, restaurants, public transportation, and major highways. The property offers a newly built four-unit configuration with distinct apartment-level amenities and immediate leasing flexibility.
Key Highlights
- Four legal residential units delivered 100% vacant
- Approximately 4,200 square feet with 7 bedrooms and 5 full bathrooms
- Built in 2025 with modern kitchens and stainless‑steel appliances
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
Lease Details
4
Residential units
Yes
Highway access
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 multifamily property with four apartments, modern interiors, private outdoor areas, and separate utilities.
Where is this quadplex located?
The property is located at 2041 Strauss Street 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: Four legal residential units delivered 100% vacant; Approximately 4,200 square feet with 7 bedrooms and 5 full bathrooms; Built in 2025 with modern kitchens and stainless‑steel appliances
