4-Unit Brick
2317 63rd Street, Brooklyn, NY 11204
For Sale
$1,999,998
Pending
The property includes a finished basement with a kitchen and bathroom, plus a backyard and shared driveway.
Property Size3,240 SF
Days on Market16
Property Features for 2317 63rd Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
4
true
9
5
Back Yard
2500
25x100
0.06
Off Street
3240
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Coldwell Banker Advantage
Listed By:
Salvatore F Taormina
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Nov 10
Last Checked: Nov 9 at 9:34PM
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 Coldwell Banker Advantage
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Investment Insights
Based on property information with market context.
Built in 1936, this semi-attached brick property contains four apartments and 3,240 square feet. A finished basement adds a kitchen and bathroom. The site also has a backyard and a shared driveway.
Two of the four apartments are occupied under month-to-month leases. The property is zoned R4-1.
Two of the four apartments are occupied under month-to-month leases. The property is zoned R4-1.
Key Highlights
- Four‑family property with 3,240 square feet
- Finished basement equipped with a kitchen and bathroom
- Two apartments rented on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,470
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,400
$2.3M
Cap Rate 7%
$1,621,000
$1.6M
Cap Rate 9%
$1,260,778
$1.3M
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$165.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$162.1K $50.03/SF
− OpEx
−$48.6K −$15.01/SF
NOI
$113.5K $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%
$2,269,400
Cap Rate 7%
$1,621,000
Cap Rate 9%
$1,260,778
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,470 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,914 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,790 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,511
Businesses Nearby
Explore this area
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
$1,097,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The property includes a finished basement with a kitchen and bathroom, plus a backyard and shared driveway.
Where is this quadplex located?
The property is located at 2317 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,998.
What are key features of this property?
This property features: Four‑family property with 3,240 square feet; Finished basement equipped with a kitchen and bathroom; Two apartments rented on month‑to‑month leases
