6-Unit Brick Apartment
For Sale
$1,288,888
2137 E 14th Street, New York, NY 11229
The six apartments comprise five two-bedroom homes and one one-bedroom home, with additional basement storage and building support space.
Property Size1,760 SF
Lot Size0.06 Acres
Price / SF$732.32
Days on Market8
Property Features for 2137 E 14th Street
General Information
Standard status
Active
Size
1,760 SF
Lot size
0.06 Acres
Units
Unit Mix
5 x 2BR, 1 x 1BR
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$21,799
Building Details
Buildings
1
Construction
solid brick
Listing Agency:
Real Broker NY LLC
Listed By:
Aneury Evangelista
(929) 374-4985
Source:
Exprealty
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 11 at 2:49PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This semi-detached, solid-brick apartment property contains six residences: five two-bedroom units and one one-bedroom unit. A full walkout basement adds high-ceiling space for storage, mechanical systems, and utility functions. The building measures approximately 22 x 80, on a lot measuring approximately 26 x 100.
The property is at 2137 E 14th Street in Sheepshead Bay, near Avenue U’s retail and service businesses, including restaurants, supermarkets, and shops. The Avenue U Q train station is a short distance away, and B3 and B68 bus service operates nearby.
The property is at 2137 E 14th Street in Sheepshead Bay, near Avenue U’s retail and service businesses, including restaurants, supermarkets, and shops. The Avenue U Q train station is a short distance away, and B3 and B68 bus service operates nearby.
Key Highlights
- Six apartments: five two‑bedroom units and one one‑bedroom unit
- Solid‑brick, semi‑detached building with a full walkout basement
- Basement provides high‑ceiling utility, mechanical, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,066
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,320
$1.1M
Cap Rate 7%
$786,657
$786.7K
Cap Rate 9%
$611,844
$611.8K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$105.4K $59.88/SF
− Vacancy
−$5.3K −$2.99/SF
EGI
$100.1K $56.89/SF
− OpEx
−$45.1K −$25.60/SF
NOI
$55.1K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,320
Cap Rate 7%
$786,657
Cap Rate 9%
$611,844
Alternative Uses
Best Use
Apartment 5plus
$786.7K
$688.3K – $917.8K
NOI $55,066 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.38M
$3.83M – $5.11M
NOI $306,662 @ 7.0% cap · market cap 23.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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?
Apartment building - The six apartments comprise five two-bedroom homes and one one-bedroom home, with additional basement storage and building support space.
Where is this apartment building located?
The property is located at 2137 E 14th Street New York, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Six apartments: five two‑bedroom units and one one‑bedroom unit; Solid‑brick, semi‑detached building with a full walkout basement; Basement provides high‑ceiling utility, mechanical, and storage space
