Brooklyn Four-Family Investment
2127 Union Street, Brooklyn, NY 11212
Four-family building in Brownsville, Brooklyn, with reconditioning potential.
Type:Mixed Use
Property size:
2,500 SFLot size:
0.06 AcresPrice / SF:
$520/SF- Added:
- Mar 6, 2026
- Days on Market:
- 87
- Last Refresh:
- Mar 16 at 3:13 pm
Property Features for 2127 Union Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing agent Albert Hall License #10311206208
Listing office GARRICK REALTY NETWORK INC
Listing date Mar 6, 2026
Source Crexi
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 GARRICK REALTY NETWORK INC
HighLights
- Four‑family apartment building offers income potential.
- Eight bedrooms and four full bathrooms provide ample living space.
- Located in Brownsville, Brooklyn, with proximity to amenities.
- Two units on the top level feature 2 bedrooms, living room, full bathroom, and kitchen with hardwood floors.
- Two units on the first floor feature 3 bedrooms, living room, and 2 full bathrooms with hardwood floors throughout.
- Property size is 3,157 Sq ft on a 2,500 Sq ft lot.
Overview
This four-family building in Brownsville, Brooklyn, presents an investment opportunity. The property features a total of eight bedrooms and four full bathrooms. The upper level contains two apartment units, each with two bedrooms, a living room, a full bathroom, and a kitchen with hardwood floors. The first floor includes two units, each with three bedrooms, a living room, and two full bathrooms, also featuring hardwood floors throughout. A partially finished basement includes two bedrooms and a full bath in one unit, and one bedroom in the other. The property requires reconditioning. The building has approximately 3,157 square feet of living space, with dimensions of 21 feet by 77 feet, situated on a 2,500-square-foot lot with dimensions of 25 feet by 100 feet. The zoning is R6. Annual real estate taxes are approximately $9,779. The location provides proximity to shopping, schools, houses of worship, and restaurants, with convenient access to public transportation and express buses a few blocks away. The property includes a moderate yard in the rear.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.1k | $50.03 |
| − OpEx | −$37.5k | −$15.01 |
| NOI | $87.6k | $35.02 |
2,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.920778
- Latitude
- 40.664383
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-family building in Brownsville, Brooklyn, with reconditioning potential.
Where is this quadplex located?
The property is located at 2127 Union Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑family apartment building offers income potential.; Eight bedrooms and four full bathrooms provide ample living space.; Located in Brownsville, Brooklyn, with proximity to amenities.
