4-Unit Multifamily
For Sale
$1,100,000
2268 Strauss Street, Brooklyn, NY 11212
The four-family layout combines seven bedrooms and four bathrooms across the property.
Property Size2,920 SF
Price / SF$376.71
Days on Market19
Property Features for 2268 Strauss Street
General Information
Standard status
Active
Size
2,920 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,569
Amenities
First Floor Bedroom
Building Details
Building Size
2,920 SF
Year Built
1930
Units
4
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 4:13PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 2,920-square-foot multifamily property is configured as a four-family home, with a total of seven bedrooms and four bathrooms. Built in 1930, the building is located at 2268 Strauss Street in Brooklyn, New York.
Schools, a park, shopping, and transportation are nearby.
Schools, a park, shopping, and transportation are nearby.
Key Highlights
- Four‑family property with seven bedrooms and four bathrooms
- 2,920 square feet
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,145
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,900
$1.8M
Cap Rate 7%
$1,273,500
$1.3M
Cap Rate 9%
$990,500
$990.5K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$165.4K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$162.1K $55.51/SF
− OpEx
−$72.9K −$24.98/SF
NOI
$89.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,900
Cap Rate 7%
$1,273,500
Cap Rate 9%
$990,500
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,263 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,145 @ 7.0% cap · market cap 8.10%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,243 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 - The four-family layout combines seven bedrooms and four bathrooms across the property.
Where is this quadplex located?
The property is located at 2268 Strauss Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑family property with seven bedrooms and four bathrooms; 2,920 square feet; Built in 1930
