Free Market Brooklyn
264 Brooklyn Ave Brooklyn, NY 11213
264 Brooklyn Ave, Brooklyn, NY, 11213
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For Sale
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Free market four-family townhome suitable for owner-user.
Property Size3,200 SF
Price / SF$687.50
Days on Market156
Property Features for 264 Brooklyn Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multifamily
Listing Agency
Matthews
Listed by
DJ Johnston · License #10401229409
Source
Crexi
Added: Feb 11 Checked: Jul 16 at 12:25 pm
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 Matthews
Investment Insights
Based on property information with market context.
This is a free market four-family townhome. The property is suitable for an owner-user. The property size is 3,200 square feet.
Key Highlights
- Free market property
- 4‑family townhome
- Owner‑user opportunity
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 | $163.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.1k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.1k | $35.02 |
3,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Free market four-family townhome suitable for owner-user.
Where is this quadplex located?
The property is located at 264 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Free market property; 4‑family townhome; Owner‑user opportunity
