Brick Walk-Up
For Sale
$2,500,000
288 Sumpter Street, Brooklyn, NY 11233
Four residential units occupy a semi-detached brick building with a full basement and private rear yard.
Property Size7,468 SF
Price / SF$334.76
Days on Market53
Property Features for 288 Sumpter Street
General Information
Standard status
Active
Size
7,468 SF
Property subtype
Mixed Use
Building Details
Building Size
7,468 SF
Year Built
1900
Listing Agency:
RE Max Edge Group
Listed By:
Faig Mikayilov · License #10301220271
(718) 612-3088
Source:
Carlinwright
Added: Aug 20
Changed: Sep 30
Last Checked: Oct 10 at 12:22AM
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 RE Max Edge Group
Investment Insights
Based on property information with market context.
This semi-detached brick quadplex contains four residential apartments arranged with one unit on each floor. Each apartment measures approximately 1,400 square feet and includes three bedrooms and one bathroom. The building also provides a full unfinished basement, while the first-floor apartment has access to a private backyard.
Built in 1912, the property is located at 288 Sumpter Street in Brooklyn’s Bedford-Stuyvesant neighborhood. Public transportation, shopping, dining, and neighborhood amenities are nearby. Walk Score is 92, Transit Score is 98, and Bike Score is 67. A potential condominium conversion is identified, subject to all required city approvals.
Built in 1912, the property is located at 288 Sumpter Street in Brooklyn’s Bedford-Stuyvesant neighborhood. Public transportation, shopping, dining, and neighborhood amenities are nearby. Walk Score is 92, Transit Score is 98, and Bike Score is 67. A potential condominium conversion is identified, subject to all required city approvals.
Key Highlights
- Four‑family semi‑detached brick walk‑up building
- Each apartment is approximately 1,400 square feet with 3 bedrooms and 1 bathroom
- One residential unit per floor across four floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,990
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,559,800
$4.6M
Cap Rate 7%
$3,257,000
$3.3M
Cap Rate 9%
$2,533,222
$2.5M
Market Conditions
NOI Build-Up for 7,468 SF
Gross rent
$423.0K $56.64/SF
− Vacancy
−$8.5K −$1.13/SF
EGI
$414.5K $55.51/SF
− OpEx
−$186.5K −$24.98/SF
NOI
$228.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,559,800
Cap Rate 7%
$3,257,000
Cap Rate 9%
$2,533,222
Alternative Uses
Best Use
Multifamily LT 5
$3.74M
$3.27M – $4.36M
NOI $261,542 @ 7.0% cap · market cap 10.46%
Second Best
Apartment 5plus
$3.26M
$2.85M – $3.80M
NOI $227,990 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$6.18M
$5.41M – $7.21M
NOI $432,845 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units occupy a semi-detached brick building with a full basement and private rear yard.
Where is this quadplex located?
The property is located at 288 Sumpter Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four‑family semi‑detached brick walk‑up building; Each apartment is approximately 1,400 square feet with 3 bedrooms and 1 bathroom; One residential unit per floor across four floors
