Semi-Detached Brick 4-Unit
2264 85th Street, Brooklyn, NY 11214
For Sale
$1,999,888
Three apartments are vacant, and the basement has separate interior and backyard access.
Property Size3,520 SF
Price / SF$568.15
Days on Market74
Property Features for 2264 85th Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
DiTommaso Real Estate
Listed By:
Rosalie DiPietro
(718) 667-8000
Source:
Gosenproperties
Added: Aug 28
Changed: Oct 28
Last Checked: Nov 4 at 7:31AM
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 DiTommaso Real Estate
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Investment Insights
Based on property information with market context.
This semi-detached, four-family brick building in Brooklyn contains 3,520 square feet and dates to 1924. Three apartments are vacant. The basement is accessible from inside the building and from the backyard and includes a 3/4 bath. Improvements include a roof and hatch installed in 2024, upgraded main electrical panels completed in 2020, a new gas header pipe with five meter bars and lock-wing gas valves, four front Renewal by Andersen windows installed in 2019, and stucco façade and awning work completed in 2022.
Transit options nearby include the D train and buses serving Bay Parkway and 86 Street. Shopping, restaurants, schools, banks, and neighborhood services are also nearby. The property has a Zillow Walk Score of 97/100. Safety equipment includes three exterior Ring floodlight cameras and three Nest Protect smoke, fire, and CO alarms with Wi-Fi and app controls.
Transit options nearby include the D train and buses serving Bay Parkway and 86 Street. Shopping, restaurants, schools, banks, and neighborhood services are also nearby. The property has a Zillow Walk Score of 97/100. Safety equipment includes three exterior Ring floodlight cameras and three Nest Protect smoke, fire, and CO alarms with Wi-Fi and app controls.
Key Highlights
- Four‑family brick building with 3,520 square feet
- Three apartments are vacant
- Basement offers interior and backyard entrances plus a 3/4 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,007
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,140
$1.9M
Cap Rate 7%
$1,371,529
$1.4M
Cap Rate 9%
$1,066,744
$1.1M
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$143.6K $40.80/SF
− Vacancy
−$6.5K −$1.84/SF
EGI
$137.2K $38.96/SF
− OpEx
−$41.1K −$11.69/SF
NOI
$96.0K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,140
Cap Rate 7%
$1,371,529
Cap Rate 9%
$1,066,744
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,007 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,044 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,738 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,829
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are vacant, and the basement has separate interior and backyard access.
Where is this quadplex located?
The property is located at 2264 85th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: Four‑family brick building with 3,520 square feet; Three apartments are vacant; Basement offers interior and backyard entrances plus a 3/4 bath
