Brooklyn Multifamily Investment
276 Woodbine Street, Brooklyn, NY 11221
MULTI_FAMILY - Brooklyn, NY
Property size:
3,385 SFLot size:
0.04 AcresPrice / SF:
$384/SF- Added:
- May 4, 2026
- Days on Market:
- 21
- Last Refresh:
- May 24 at 4:06 pm
Property Features for 276 Woodbine Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Basement
- Parking features
- On Street
- Basement
- Finished, Full
- Standard status
- Active
- APN
- 03361-0028
- Size
- 3,385 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3483
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Brick, Frame
Listing agent Vincent Koo CBR SRS (917) 920-6386
Listing office EXP Realty 6856 Groton St, Hauppauge, NY (888) 276-0630
Listing date May 4, 2026
MLS# 988620
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multi‑family residence with 3 units, ideal for investment or owner‑occupancy.
- Spacious interior with approximately 3,385 sq ft of living space, featuring 6 bedrooms and 3 full bathrooms.
- Convenient access to L and M subway lines via Myrtle‑Wyckoff Avenue station.
- Includes a finished basement with expansive living/dining area, kitchen, and laundry.
- Private rear yard for gardening or outdoor enjoyment.
- Located in Bushwick, near parks, dining, and shopping.
Overview
Located in the heart of Bushwick, 276 Woodbine Street is a multi-family residence offering an investment opportunity. The property is a two-family residence with 3 separate units providing approximately 3,385 square feet of interior living space. The property features a versatile layout consisting of 6 bedrooms and 3 full bathrooms. The main level encompasses the first floor and a fully finished basement, featuring an expansive living and dining area, a functional kitchen with a dedicated laundry area, and multiple storage rooms. The upper levels offer additional living spaces with kitchens and bathrooms, characterized by bright interiors and a mix of durable tile and hardwood flooring throughout. The property has a lot size of 0.0421 acres. Exterior features include a gated front entry and a private rear yard. The surrounding neighborhood offers a variety of parks, dining options, and shopping destinations. Conveniently located just blocks from the Myrtle-Wyckoff Avenue subway station, this home provides access to the L and M subway lines.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.15M
NOI $103,341 @ 9.00% cap · cautious / downside scenario
Moderate
$1.48M
NOI $103,341 @ 7.00% cap · market / base-case scenario
Aggressive
$2.07M
NOI $103,341 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.7k | $56.64 |
| − Vacancy | −$3.8k | −$1.13 |
| EGI | $187.9k | $55.51 |
| − OpEx | −$84.6k | −$24.98 |
| NOI | $103.3k | $30.53 |
3,385 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,341 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $196,195 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.913324
- Latitude
- 40.695647
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two-family residence with three units in Bushwick, Brooklyn.
Where is this multifamily property located?
The property is located at 276 Woodbine Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑family residence with 3 units, ideal for investment or owner‑occupancy.; Spacious interior with approximately 3,385 sq ft of living space, featuring 6 bedrooms and 3 full bathrooms.; Convenient access to L and M subway lines via Myrtle‑Wyckoff Avenue station.
