8-Unit Brownstone
288 New York Avenue Brooklyn, NY 11216
For Sale
Contact for pricing
Well-maintained 8-unit brownstone multifamily property listed for sale in Brooklyn.
Property Size3,800 SF
Price / SF$407.89
Days on Market91
Property Features for 288 New York Avenue
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Retail, Multifamily
Listing Agency:
Revived Commercial
(929) 379-3750
Listed By:
Elysa Berlin · License #10301219469
Source:
Crexi
Added: Apr 29
Changed: Jul 21
Last Checked: Jul 27 at 1:43PM
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 Revived Commercial
Investment Insights
Based on property information with market context.
This offering is an 8-unit brownstone style multifamily building, presented as a residential income property for sale. The property is described in public remarks as being on the “best block,” and it is available under the current listing terms.
The address is 288 New York Avenue in Brooklyn, New York (11216). No additional details on unit mix, amenities, or interior layout were provided in the available information, but the building’s configuration as eight separate units is the primary confirmed characteristic.
At 8 units, this asset may be of interest to buyers seeking a small multifamily brownstone structure with an existing income-generating layout. Please contact the listing broker for additional information beyond what is currently provided.
The address is 288 New York Avenue in Brooklyn, New York (11216). No additional details on unit mix, amenities, or interior layout were provided in the available information, but the building’s configuration as eight separate units is the primary confirmed characteristic.
At 8 units, this asset may be of interest to buyers seeking a small multifamily brownstone structure with an existing income-generating layout. Please contact the listing broker for additional information beyond what is currently provided.
Key Highlights
- Well‑maintained 8‑unit brownstone multifamily property for sale in Brooklyn
- Brownstone style building
Financial Insights For Apartment 5plus
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 | $215.2k | $56.64 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $210.9k | $55.51 |
| − OpEx | −$94.9k | −$24.98 |
| NOI | $116.0k | $30.53 |
3,800 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $116,010 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 8-unit brownstone multifamily property listed for sale in Brooklyn.
Where is this apartment building located?
The property is located at 288 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit brownstone multifamily property for sale in Brooklyn; Brownstone style building
