Brick Six-Family Apartment
2363 81st St Brooklyn, NY 11214
For Sale
$1,290,000
Solid brick six-family with updated baths and a finished basement with a separate entrance.
Property Size1,890 SF
Lot Size0.33 Acres
Price / SF$682.54
Days on Market54
Property Features for 2363 81st St
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing Agency:
Exit Realty Professionals
(718) 838-2600
Listed By:
Rui (Nancy) L Wu · License #10491203971
(718) 838-2600
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 26 at 5:19AM
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 Exit Realty Professionals
Investment Insights
Based on property information with market context.
Well maintained six-family solid brick building featuring six two-bedroom apartments. Units have a practical layout with larger bedrooms, a living room, and updated bathrooms. The property also includes a finished basement with a separate entrance, adding flexibility for storage, recreation, or other use depending on tenant needs. One of the apartments can be delivered vacant at closing.
The building is set on a 27 x 100 lot with a 27 x 70 building footprint. Zoning is R5. The area is described as close to trains and shopping, supported by walkScore 96 and transitScore 84.
This property is designed for investors or owner-users looking for a multi-unit structure with multiple two-bedroom layouts and an additional finished basement entry point. With gross yearly income reported at $117,835.68 plus, and an indicated cap rate of about 6%, it offers straightforward income-focused underwriting based on the information provided.
The building is set on a 27 x 100 lot with a 27 x 70 building footprint. Zoning is R5. The area is described as close to trains and shopping, supported by walkScore 96 and transitScore 84.
This property is designed for investors or owner-users looking for a multi-unit structure with multiple two-bedroom layouts and an additional finished basement entry point. With gross yearly income reported at $117,835.68 plus, and an indicated cap rate of about 6%, it offers straightforward income-focused underwriting based on the information provided.
Key Highlights
- Solid brick six‑family building built in 1923
- 6 units, each with 2 bedrooms, large‑sized bedrooms, living rooms, and updated bathrooms
- Lot size 27x100; building size 27x70; R5 zoning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.3k | $46.20 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $84.0k | $44.44 |
| − OpEx | −$37.8k | −$20.00 |
| NOI | $46.2k | $24.44 |
1,890 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,177 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Solid brick six-family with updated baths and a finished basement with a separate entrance.
Where is this apartment building located?
The property is located at 2363 81st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Solid brick six‑family building built in 1923; 6 units, each with 2 bedrooms, large‑sized bedrooms, living rooms, and updated bathrooms; Lot size 27x100; building size 27x70; R5 zoning
