251 Avenue P Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
- Added:
- May 1, 2026
- Days on Market:
- 74
- Last Refresh:
- Jul 13 at 7:06 am
Property Features for 251 Avenue P
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,785 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11272
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood, Parquet Wood
- Building materials
- Brick
Listing agent Leo Chen (718) 382-0001
Listing office Momentum Real Estate LLC 1703 86 Street, Brooklyn, NY (718) 382-0001
Listing date May 1, 2026
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.
Key Highlights
- Oversized brick 2‑family building with a 20x75 footprint
- Built in rear garage with parking for up to 4 vehicles
- Both units offer full 3‑bedroom layouts (can be converted to 4 bedrooms)
Local Financial Insights For Multifamily LT 5
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 | $193.0k | $51.00 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $189.4k | $50.03 |
| − OpEx | −$56.8k | −$15.01 |
| NOI | $132.6k | $35.02 |
