Six-Family Attached Walk-Up Apartment
For Sale
$1,350,000
2348 82nd Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size4,380 SF
Lot Size0.05 Acres
Price / SF$308.22
Days on Market58
Property Features for 2348 82nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 9, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 6, Bathroom 1, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
4,380 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
18628
Building Details
Year built
1922
Floors in Building
3
Number of units
6
Flooring type
Hardwood, Tile
Building materials
Masonry
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 502259
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 attached walk-up apartment building offers six residential units split between three one-bedroom apartments and three two-bedroom apartments. The property includes approximately 4,380 square feet of interior living space and sits on a 20-foot by 100-foot lot. A full finished basement provides added storage and utility space. The building uses masonry construction, with a flat roof, and interior finishes including tile and hardwood flooring. Separate electric and gas meters are in place to help simplify property management. Interior features include a refrigerator and stove.
Built in 1922, the property is zoned R5. It is located just minutes from the commercial corridors of 86th Street, with access to multiple bus lines (B1, B3, B4, B6, B64, B82) and subway service via the D and N lines.
The mix of one- and two-bedroom units and the presence of separate utilities support a straightforward residential income setup within a compact, attached multi-family configuration.
Built in 1922, the property is zoned R5. It is located just minutes from the commercial corridors of 86th Street, with access to multiple bus lines (B1, B3, B4, B6, B64, B82) and subway service via the D and N lines.
The mix of one- and two-bedroom units and the presence of separate utilities support a straightforward residential income setup within a compact, attached multi-family configuration.
Key Highlights
- Six‑family attached walk‑up apartment building with three one‑bedroom and three two‑bedroom units
- Approximately 4,380 square feet of interior living space plus full finished basement for storage and utilities
- 20‑foot by 100‑foot lot
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
7.93%
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 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,855 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six attached walk-up units in a masonry building with separate electric and gas meters and R5 zoning.
Where is this apartment building located?
The property is located at 2348 82nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six‑family attached walk‑up apartment building with three one‑bedroom and three two‑bedroom units; Approximately 4,380 square feet of interior living space plus full finished basement for storage and utilities; 20‑foot by 100‑foot lot
