Four-Family
For Sale
$3,000,000
220 Kingston Avenue, Brooklyn, NY 11213
Residential, Ranch, Brooklyn, NY
Property Size6,048 SF
Lot Size0.05 Acres
Price / SF$496.03
Days on Market135
Property Features for 220 Kingston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R6
Bedrooms
15
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 11, Bedroom 13, Bedroom 6, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 14, Bathroom 1, Bedroom 15, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 9
Basement
Partial
Subdivision
Crown Heights
Standard status
Active
Size
6,048 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
13973
Building Details
Year built
1909
Floors in Building
4
Number of units
4
Flooring type
Hardwood
Building materials
Masonry
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Century 21 Achievers
Listed By:
David Hanniford · License #HANID5205
(718) 758-0600
Added: May 20
Changed: Sep 15
Last Checked: Oct 1 at 6:06PM
MLS# 501634
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This four-family brownstone at 220 Kingston Avenue contains 6,048 square feet on a 0.0482-acre lot. The 1909 property includes 15 bedrooms and four bathrooms, with masonry construction, hardwood flooring, and a flat roof. R6 zoning supports its multifamily classification.
The property is in Brooklyn’s Crown Heights area, near Brower Park and the Brooklyn Children's Museum. Public transportation access includes the #3 and #4 trains, along with B47 and B45 bus service. Shopping is also described as a short distance away, providing neighborhood retail access for residents.
The property is in Brooklyn’s Crown Heights area, near Brower Park and the Brooklyn Children's Museum. Public transportation access includes the #3 and #4 trains, along with B47 and B45 bus service. Shopping is also described as a short distance away, providing neighborhood retail access for residents.
Key Highlights
- Four‑family brownstone with 15 bedrooms and four bathrooms
- 6,048 square feet on a 0.0482‑acre lot
- R6 zoning and multifamily classification
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
$211,811
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
7.06%
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%
$4,236,220
$4.2M
Cap Rate 7%
$3,025,871
$3.0M
Cap Rate 9%
$2,353,456
$2.4M
Market Conditions
NOI Build-Up for 6,048 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
$308.4K $51.00/SF
− Vacancy
−$5.9K −$0.97/SF
EGI
$302.6K $50.03/SF
− OpEx
−$90.8K −$15.01/SF
NOI
$211.8K $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%
$4,236,220
Cap Rate 7%
$3,025,871
Cap Rate 9%
$2,353,456
Alternative Uses
Best Use
Multifamily LT 5
$3.03M
$2.65M – $3.53M
NOI $211,811 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,639 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$5.01M
$4.38M – $5.84M
NOI $350,542 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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?
Quadplex - Masonry construction, hardwood flooring, and four bathrooms define this multi-unit residential property.
Where is this quadplex located?
The property is located at 220 Kingston Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Four‑family brownstone with 15 bedrooms and four bathrooms; 6,048 square feet on a 0.0482‑acre lot; R6 zoning and multifamily classification
