Brick Quadplex with Finished
For Sale
$1,980,000
2234 63rd St, Brooklyn, NY 11204
Semi-detached brick construction offers four-family occupancy, a finished basement, and a shared driveway.
Property Size3,200 SF
Lot Size0.06 Acres
Days on Market54
Property Features for 2234 63rd St
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,972
Building Details
Building Size
3,200 SF
Year Built
1925
Buildings
1
Stories
2
Construction
semi-detached brick
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 16 at 9:44AM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this semi-detached brick quadplex contains four residential units with a combined 10 bedrooms and 4 bathrooms. The structure measures approximately 21×80 on a 25×100 lot and includes a full finished basement plus a shared driveway.
Located at 2234 63rd St in Brooklyn, the property is near shopping, restaurants, schools, and public transportation. Its walk score is 96, transit score is 86, and bike score is 67, placing everyday services and multiple transportation options within convenient reach.
Located at 2234 63rd St in Brooklyn, the property is near shopping, restaurants, schools, and public transportation. Its walk score is 96, transit score is 86, and bike score is 67, placing everyday services and multiple transportation options within convenient reach.
Key Highlights
- Four‑family brick home with 10 bedrooms and 4 bathrooms
- Approximately 21×80 building on a 25×100 lot
- Full finished basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,069
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,241,380
$2.2M
Cap Rate 7%
$1,600,986
$1.6M
Cap Rate 9%
$1,245,211
$1.2M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$163.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.1K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.1K $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 Rate 5%
$2,241,380
Cap Rate 7%
$1,600,986
Cap Rate 9%
$1,245,211
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,854
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Semi-detached brick construction offers four-family occupancy, a finished basement, and a shared driveway.
Where is this quadplex located?
The property is located at 2234 63rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Four‑family brick home with 10 bedrooms and 4 bathrooms; Approximately 21×80 building on a 25×100 lot; Full finished basement included
