Four-Unit Walk-Up
For Sale
Contact for pricing
2828 West 19th Street, Brooklyn, NY 44004
Four two-bedroom apartments provide a compact multifamily configuration with tenant-paid unit utilities.
Property Size3,000 SF
Price / SF$400
Days on Market66
Property Features for 2828 West 19th Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$78,253
Financials
Asking Price
$1,200,000
Cap Rate
6.52%
Gross Income
$102,000
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Building Details
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Verada
Listed By:
David Dubinsky · License #NY
Source:
Crexi
Added: Aug 18
Changed: Oct 16
Last Checked: Oct 20 at 6:18PM
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 Verada
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Investment Insights
Based on property information with market context.
This Brooklyn multifamily property contains four walk-up apartments, each configured with two bedrooms, for approximately 3,000 SF of total building area. All units are free-market apartments, and residents pay their own unit utilities. The property is located on West 19th Street in Coney Island, Brooklyn. None of the four apartments are rent stabilized, providing a consistent regulatory profile across the unit mix. The asset is offered for sale as a four-unit residential income property.
Key Highlights
- Four‑unit walk‑up multifamily property
- Four two‑bedroom apartments
- Approximately 3,000 SF of total building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 7.63%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments provide a compact multifamily configuration with tenant-paid unit utilities.
Where is this quadplex located?
The property is located at 2828 West 19th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit walk‑up multifamily property; Four two‑bedroom apartments; Approximately 3,000 SF of total building area
