Three-Story Brick
For Sale
$1,550,000
2630 Harway Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,500 SF
Lot Size0.05 Acres
Price / SF$442.86
Days on Market97
Property Features for 2630 Harway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
Subdivision
Bensonhurst
Standard status
Active
Size
3,500 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9592
Building Details
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Christina T. Liang · License #CTL8850
(929) 364-1301
Added: May 27
Changed: Aug 21
Last Checked: Aug 31 at 6:06AM
MLS# 501789
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.
This three-story, four-family residence at 2630 Harway Avenue contains approximately 3,500 square feet and is constructed of brick beneath a flat roof. The first and second floors each provide three bedrooms, a living room, dining area, eat-in kitchen, and full bathroom. The third floor is divided into front and rear one-bedroom units, each with living space, an eat-in kitchen, and a full bathroom. Hardwood flooring is included among the interior finishes.
The property occupies a 21-by-118-foot lot, with a building footprint measuring 21 by 56 feet. It is located in Bath Beach, Brooklyn, within ZIP Code 11214, and carries R5 zoning. The source information also notes room for a potential 20-foot extension.
The property occupies a 21-by-118-foot lot, with a building footprint measuring 21 by 56 feet. It is located in Bath Beach, Brooklyn, within ZIP Code 11214, and carries R5 zoning. The source information also notes room for a potential 20-foot extension.
Key Highlights
- Four‑family, three‑story brick residence
- Approximately 3,500 square feet on a 0.0482‑acre lot
- 21‑by‑56‑foot building on a 21‑by‑118‑foot lot
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
$95,462
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
6.16%
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%
$1,909,240
$1.9M
Cap Rate 7%
$1,363,743
$1.4M
Cap Rate 9%
$1,060,689
$1.1M
Market Conditions
NOI Build-Up for 3,500 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
$142.8K $40.80/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$136.4K $38.96/SF
− OpEx
−$40.9K −$11.69/SF
NOI
$95.5K $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%
$1,909,240
Cap Rate 7%
$1,363,743
Cap Rate 9%
$1,060,689
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,462 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,555 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,921 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,728
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 - Four-family layout with hardwood flooring, separate residential units, and R5 zoning in Bath Beach.
Where is this quadplex located?
The property is located at 2630 Harway Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four‑family, three‑story brick residence; Approximately 3,500 square feet on a 0.0482‑acre lot; 21‑by‑56‑foot building on a 21‑by‑118‑foot lot
