Brick Four-Family
For Sale
$1,790,000
Pending
2415 Benson Ave, Brooklyn, NY 11214
Semi-detached multifamily property with varied unit layouts, separate heating systems, tenant-paid utilities, and unfinished basement storage.
Property Size3,075 SF
Days on Market10
Property Features for 2415 Benson Ave
General Information
Standard status
Pending
Size
3,075 SF
Property subtype
Multi Family
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$13,126
Building Details
Building Size
3,075 SF
Year Built
1930
Buildings
1
Stories
2
Construction
solid brick
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 10 at 7:49AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Built in 1930, this semi-detached brick quadplex contains four occupied apartments: one two-bedroom residence and three three-bedroom residences. The building measures 21 feet by 75 feet and sits on a 27-foot by 95-foot lot. Each apartment has its own heating and hot water system, while residents pay their individual utilities. An unfinished basement provides additional storage space and may support future use. The roof received a fresh coating last year, and the property has been maintained over time.
The property is located at 2415 Benson Ave in Brooklyn, near the D train at 25th Avenue, the 86th Street shopping district, restaurants, parks, and bus routes B1, B3, B6, and B64. WalkScore is 83, TransitScore is 88, and BikeScore is 67. All apartments are occupied on a month-to-month basis.
The property is located at 2415 Benson Ave in Brooklyn, near the D train at 25th Avenue, the 86th Street shopping district, restaurants, parks, and bus routes B1, B3, B6, and B64. WalkScore is 83, TransitScore is 88, and BikeScore is 67. All apartments are occupied on a month-to-month basis.
Key Highlights
- Four apartments: one 2‑bedroom and three 3‑bedroom units
- 21' x 75' building on a 27' x 95' lot
- Separate heating and hot water systems for each apartment
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
$83,870
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
4.69%
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%
$1,677,400
$1.7M
Cap Rate 7%
$1,198,143
$1.2M
Cap Rate 9%
$931,889
$931.9K
Market Conditions
NOI Build-Up for 3,075 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
$125.5K $40.80/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$119.8K $38.96/SF
− OpEx
−$35.9K −$11.69/SF
NOI
$83.9K $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%
$1,677,400
Cap Rate 7%
$1,198,143
Cap Rate 9%
$931,889
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,870 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$1.07M
$939.6K – $1.25M
NOI $75,167 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,566 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,954
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 - Semi-detached multifamily property with varied unit layouts, separate heating systems, tenant-paid utilities, and unfinished basement storage.
Where is this quadplex located?
The property is located at 2415 Benson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Four apartments: one 2‑bedroom and three 3‑bedroom units; 21' x 75' building on a 27' x 95' lot; Separate heating and hot water systems for each apartment
