Brick Quadplex with R5
For Sale
$1,550,000
2630 Harway Avenue, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,500 SF
Lot Size0.05 Acres
Price / SF$442.86
Days on Market82
Property Features for 2630 Harway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
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 4
Last Checked: Aug 16 at 2:06PM
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 quadplex features solid brick construction and a flat roof. The home is arranged as a 4-family property across three stories, with a first-floor layout including three bedrooms, a living room, dining area, eat-in kitchen, and a full bathroom. The second floor offers a similar three-bedroom configuration with living room, dining area, eat-in kitchen, and a full bathroom. The third floor is split front and rear with two 1-bedroom units, each with a living room, eat-in kitchen, and a full bathroom. Hardwood flooring is noted, and the property includes four bathrooms total as listed.
The building measures 21 x 56, situated on a lot size of 21 x 118, totaling 0.0482 acres. The property is zoned R5. The lot shape and zoning are described with possibilities of extending another 20 ft.
With 3,500 square feet of property size provided, this is a compact Brooklyn multi-family opportunity configured for both larger and smaller unit layouts within the same building footprint.
The building measures 21 x 56, situated on a lot size of 21 x 118, totaling 0.0482 acres. The property is zoned R5. The lot shape and zoning are described with possibilities of extending another 20 ft.
With 3,500 square feet of property size provided, this is a compact Brooklyn multi-family opportunity configured for both larger and smaller unit layouts within the same building footprint.
Key Highlights
- Solid brick 4‑family quadplex with flat roof and hardwood flooring
- 21 x 56 building dimensions
- 21 x 118 lot size totaling 0.0482 acres
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
Multi-tenant
Tenancy
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 - Three-story brick quadplex in Brooklyn on R5-zoned land, arranged with three-bedroom units on floors one and two.
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: Solid brick 4‑family quadplex with flat roof and hardwood flooring; 21 x 56 building dimensions; 21 x 118 lot size totaling 0.0482 acres
