Modern Brooklyn Multi-Family
2832 Brown Street, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property size:
4,500 SFLot size:
0.10 AcresPrice / SF:
$444/SF- Added:
- May 20, 2025
- Days on Market:
- 376
- Last Refresh:
- May 30 at 7:06 am
Property Features for 2832 Brown Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 2, Basement
- Interior features
- Elevator
- Basement
- Full, Finished
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 08797-0064
- Size
- 4,500 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 14502
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Number of units
- 3
- Building materials
- Brick
Listing agent Mahir Sadman SFR (347) 771-7288
Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY (888) 276-0630
Listing date May 20, 2025
MLS# 865115
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
- Oversized 3‑family brick building (approx. 4,500 sq ft) built in 2005 with condo‑quality construction.
- Parking for 7 vehicles, a highly desirable amenity in Brooklyn.
- Can be delivered fully vacant, ideal for investors, end‑users, or condo conversion.
- Features two expansive 3‑bedroom, 2‑bathroom units and a 1‑bedroom, 1‑bathroom unit, each with central heating/cooling and private outdoor space.
- Full‑size elevator servicing all floors.
- Finished basement that can be reconnected to the first‑floor unit.
Overview
This modern, oversized 3-family brick building is located in Sheepshead Bay, Brooklyn. Originally built in 2005 as condominiums, the corner property spans approximately 4,500 square feet and features two street exposures. Parking is available for 7 vehicles. The building comprises two 3-bedroom, 2-bathroom units and a 1-bedroom, 1-bathroom unit on the ground floor. All units feature central heating and cooling, open layouts, and natural light. Each unit includes private outdoor space, such as a designated roof deck with skyline views, private storage in the basement, and multiple private balconies. The finished basement was previously configured as a duplex with the first-floor unit and can be reconnected. A full-size elevator services all floors. Each unit is separately metered for gas and electric. The property, situated on a lot of 0.1006 acres, is currently tenant-occupied but can be delivered fully vacant at closing, making it suitable for investors, end-users, or condo conversion. The property is an income-producing asset with condo-quality construction and private amenities in a desirable neighborhood.
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 | $229.5k | $51.00 |
| − Vacancy | −$4.4k | −$0.97 |
| EGI | $225.1k | $50.03 |
| − OpEx | −$67.5k | −$15.01 |
| NOI | $157.6k | $35.02 |
4,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.25M
$1.97M – $2.63M
NOI $157,598 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.937135
- Latitude
- 40.584476
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Oversized 3-family building in Sheepshead Bay with parking.
Where is this multifamily property located?
The property is located at 2832 Brown Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Oversized 3‑family brick building (approx. 4,500 sq ft) built in 2005 with condo‑quality construction.; Parking for 7 vehicles, a highly desirable amenity in Brooklyn.; Can be delivered fully vacant, ideal for investors, end‑users, or condo conversion.
