Six-Family Brick Apartment
For Sale
$1,388,000
2346 82nd Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size4,380 SF
Lot Size0.05 Acres
Price / SF$316.89
Days on Market377
Property Features for 2346 82nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 2, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
4,380 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
18126
Building Details
Year built
1922
Floors in Building
3
Flooring type
Tile, Hardwood, Laminate
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Aug 13, 2025
Changed: Aug 4
Last Checked: Aug 24 at 7:06PM
MLS# 495011
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 six-family brick apartment building offers a total of four two-bedroom units and two one-bedroom units. The property is listed as well-maintained, with two vacant apartments ready for immediate occupancy. Interior features include a refrigerator and stove, and the flooring includes laminate, hardwood, and tile. The building was constructed in 1922 and has a flat roof.
Set on a 0.0459-acre lot at 2346 82nd Street in Brooklyn, NY 11214, the property is zoned R5 (residential). Its compact footprint is supported by a single structure totaling 4,380 square feet.
The current unit mix and availability of two units make it well-suited for an operator looking for a straightforward, multi-unit residential setup within an R5 zoning context.
Set on a 0.0459-acre lot at 2346 82nd Street in Brooklyn, NY 11214, the property is zoned R5 (residential). Its compact footprint is supported by a single structure totaling 4,380 square feet.
The current unit mix and availability of two units make it well-suited for an operator looking for a straightforward, multi-unit residential setup within an R5 zoning context.
Key Highlights
- Six‑unit brick apartment building with a four two‑bedroom and two one‑bedroom unit mix
- Two vacant apartments ready for immediate occupancy
- 0.0459‑acre lot and 4,380 square feet total building area
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
$107,067
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
7.71%
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%
$2,141,340
$2.1M
Cap Rate 7%
$1,529,529
$1.5M
Cap Rate 9%
$1,189,633
$1.2M
Market Conditions
NOI Build-Up for 4,380 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
$202.4K $46.20/SF
− Vacancy
−$7.7K −$1.76/SF
EGI
$194.7K $44.44/SF
− OpEx
−$87.6K −$20.00/SF
NOI
$107.1K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,141,340
Cap Rate 7%
$1,529,529
Cap Rate 9%
$1,189,633
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,067 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,855 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,812
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R5 zoned six-unit brick apartment building with four two-bedroom units and two one-bedroom units.
Where is this apartment building located?
The property is located at 2346 82nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Six‑unit brick apartment building with a four two‑bedroom and two one‑bedroom unit mix; Two vacant apartments ready for immediate occupancy; 0.0459‑acre lot and 4,380 square feet total building area
