Semi-Detached Brick Four-Family
For Sale
$1,980,000
2358 84th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,510 SF
Lot Size0.06 Acres
Price / SF$564.10
Days on Market209
Property Features for 2358 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 5
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,510 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
14385
Building Details
Year built
1924
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc
(718) 551-4795
Listed By:
Mingqin Sun
(718) 680-2776
Added: Jan 16
Changed: Aug 3
Last Checked: Aug 13 at 12:06PM
MLS# 498434
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.
Semi-detached brick four-family (quadplex) built in 1924, presented with updated interiors and a finished basement. The property sits on a 28*100 lot with a 23*78 building size and offers approximately 3,510 square feet. Flooring includes hardwood and tile, and interior features listed include a refrigerator and stove.
The unit layout is configured across two occupied floors plus a basement with separate entry. On the 1st floor, the front unit is 2 bedrooms / 1 bathroom and the rear unit is 2 bedrooms / 1 bathroom. The 2nd floor includes a front unit with 3 bedrooms / 1 bathroom and a rear unit with 1 bedroom / 1 bathroom. A renovated basement with a separate entrance is included for additional living space, a home office, or recreation.
Located at 2358 84th Street in Brooklyn (11214), the property is described as close to the D and N subway lines and within a short distance of the 86th Street shopping district, with nearby restaurants, supermarkets, banks, and daily conveniences. Zoning is R5, and the roof is flat.
The unit layout is configured across two occupied floors plus a basement with separate entry. On the 1st floor, the front unit is 2 bedrooms / 1 bathroom and the rear unit is 2 bedrooms / 1 bathroom. The 2nd floor includes a front unit with 3 bedrooms / 1 bathroom and a rear unit with 1 bedroom / 1 bathroom. A renovated basement with a separate entrance is included for additional living space, a home office, or recreation.
Located at 2358 84th Street in Brooklyn (11214), the property is described as close to the D and N subway lines and within a short distance of the 86th Street shopping district, with nearby restaurants, supermarkets, banks, and daily conveniences. Zoning is R5, and the roof is flat.
Key Highlights
- R5 zoning for a semi‑detached brick quadplex
- 28100 lot with a 2378 building size
- ~3,510 SF quadplex built in 1924 with flat roof
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
$95,735
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
4.84%
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%
$1,914,700
$1.9M
Cap Rate 7%
$1,367,643
$1.4M
Cap Rate 9%
$1,063,722
$1.1M
Market Conditions
NOI Build-Up for 3,510 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
$143.2K $40.80/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$136.8K $38.96/SF
− OpEx
−$41.0K −$11.69/SF
NOI
$95.7K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,914,700
Cap Rate 7%
$1,367,643
Cap Rate 9%
$1,063,722
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,735 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,800 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,329 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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?
Quadplex - R5-zoned quadplex with updated interiors, hardwood and tile floors, and a renovated finished basement with separate entrance.
Where is this quadplex located?
The property is located at 2358 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: R5 zoning for a semi‑detached brick quadplex; 28*100 lot with a 23*78 building size; ~3,510 SF quadplex built in 1924 with flat roof
