Six-Family Walk-Up Apartment
2348 82nd Street, Brooklyn, NY 11214
For Sale
$1,350,000
Residential, Brooklyn, NY
Property Size4,380 SF
Lot Size0.05 Acres
Price / SF$308.22
Days on Market152
Property Features for 2348 82nd Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Kelly Wu · License NY #10401268467
(718) 612-3088
Added: Jun 15
Changed: Oct 29
Last Checked: Nov 13 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This attached six-family walk-up apartment building contains six residential units: three one-bedroom apartments and three two-bedroom apartments. The property provides approximately 4,380 square feet of interior living space on a 20-foot by 100-foot lot, along with a full finished basement for storage and utility functions. Masonry construction, flat roofing, hardwood and tile flooring, refrigerators, and stoves are among the existing features. Separate electric and gas meters serve the apartments, and the building was constructed in 1922.
Located at 2348 82nd Street in Brooklyn, the property is near the commercial activity along 86th Street. Bus service includes the B1, B3, B4, B6, B64, and B82 lines, while the D and N subway lines provide additional transit connections. The property is zoned R5 and sits within ZIP Code 11214.
Located at 2348 82nd Street in Brooklyn, the property is near the commercial activity along 86th Street. Bus service includes the B1, B3, B4, B6, B64, and B82 lines, while the D and N subway lines provide additional transit connections. The property is zoned R5 and sits within ZIP Code 11214.
Key Highlights
- Six residential units with three one‑bedroom and three two‑bedroom apartments
- Approximately 4,380 square feet on a 20‑foot by 100‑foot lot
- Full finished basement provides additional storage and utility space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,067
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Attached masonry property with a finished basement, separate utility meters, and a six-unit residential configuration.
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 residential units with three one‑bedroom and three two‑bedroom apartments; Approximately 4,380 square feet on a 20‑foot by 100‑foot lot; Full finished basement provides additional storage and utility space
