Multifamily
For Sale
$1,299,000
206 Logan Street, Brooklyn, NY 11208
The building combines separate utility meters with layouts and finishes that vary by residence.
Property Size2,480 SF
Days on Market12
Property Features for 206 Logan Street
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,230
Amenities
Multi Units, Separate Meters, Varies by Unit
Baseboard, Hot Water, Natural Gas, Radiant, Steam
Finished, Full, Walk-Out Access
High Ceilings, Open Floorplan
No Garage, None
Building Details
Building Size
2,480 SF
Year Built
1899
Listed By:
Paul Persaud
(917) 670-0144
Source:
Evrealestate
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 11 at 6:17AM
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 Paul Persaud
Investment Insights
Based on property information with market context.
This multifamily property has high ceilings and an open floorplan, with unit layouts and finishes that vary. Separate meters serve the units. Heating includes baseboard, hot water, radiant, and steam systems, with natural gas also noted. A full finished basement provides walk-out access. The building was constructed in 1899 and has no garage.
Key Highlights
- Separate meters; unit layouts and finishes vary
- Full finished basement with walk‑out access
- High ceilings and open floorplan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,686
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,720
$1.1M
Cap Rate 7%
$809,800
$809.8K
Cap Rate 9%
$629,844
$629.8K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$107.1K $43.20/SF
− Vacancy
−$4.1K −$1.64/SF
EGI
$103.1K $41.56/SF
− OpEx
−$46.4K −$18.70/SF
NOI
$56.7K $22.86/SF
Area
ZIP 11208
Vacancy
3.80%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,720
Cap Rate 7%
$809,800
Cap Rate 9%
$629,844
Alternative Uses
Best Use
Apartment 5plus
$809.8K
$708.6K – $944.8K
NOI $56,686 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,222 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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?
Multifamily property - The building combines separate utility meters with layouts and finishes that vary by residence.
Where is this multifamily property located?
The property is located at 206 Logan Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Separate meters; unit layouts and finishes vary; Full finished basement with walk‑out access; High ceilings and open floorplan
