Legal Four-Family Mixed-Use
New
For Sale
$2,599,999
283 Wyckoff Avenue, Brooklyn, NY 11237
Four residential apartments plus a commercial storefront in a legal four-family mixed-use property built in 1931.
Days on Market6
Property Features for 283 Wyckoff Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Building Details
Building Size
4,200 SF
Year Built
1931
Tenancy
Multi
Listing Agency:
Oversouth LLC
(347) 799-9226
Listed By:
Raymond Castillo
(347) 799-9226
Source:
Cohenandcohenrealty
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 1 at 12:02PM
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 Oversouth LLC
Investment Insights
Based on property information with market context.
This legal four-family mixed-use quadplex includes four residential apartments and a commercial storefront. The property is designed to support both residential and commercial use within the same building, offering a straightforward mixed-use configuration for an owner-operator or investor.
The property is located at 283 Wyckoff Avenue in Brooklyn, NY 11237. Built in 1931, it offers an established building footprint with on-site space for both tenancy types.
The combination of four apartments and a dedicated storefront can be attractive for buyers seeking a multi-income setup under one roof, with the flexibility of having residential and commercial space in the same asset.
The property is located at 283 Wyckoff Avenue in Brooklyn, NY 11237. Built in 1931, it offers an established building footprint with on-site space for both tenancy types.
The combination of four apartments and a dedicated storefront can be attractive for buyers seeking a multi-income setup under one roof, with the flexibility of having residential and commercial space in the same asset.
Key Highlights
- Legal four‑family mixed‑use property
- Four residential apartments plus a commercial storefront
- Established building built in 1931
Financial Insights For Retail
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 | $326.6k | $77.76 |
| − Vacancy | −$38.9k | −$9.25 |
| EGI | $287.7k | $68.51 |
| − OpEx | −$86.3k | −$20.55 |
| NOI | $201.4k | $47.95 |
4,200 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,409 @ 7.0% cap · market cap 7.75%
Second Best
Multifamily LT 5
$2.10M
$1.84M – $2.45M
NOI $147,091 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$3.48M
$3.04M – $4.06M
NOI $243,432 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 residential apartments plus a commercial storefront in a legal four-family mixed-use property built in 1931.
Where is this quadplex located?
The property is located at 283 Wyckoff Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,599,999.
What are key features of this property?
This property features: Legal four‑family mixed‑use property; Four residential apartments plus a commercial storefront; Established building built in 1931
