Brick Four-Family
For Sale
$2,500,000
288 Sumpter Street, Brooklyn, NY 11233
Residential, Brooklyn, NY
Property Size7,468 SF
Lot Size0.06 Acres
Price / SF$334.76
Days on Market54
Property Features for 288 Sumpter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Patio and Porch features
Patio
Interior features
Patio Garden
Basement
Unfinished, Full
Subdivision
Bedford Stuyvesant
Standard status
Active
Size
7,468 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10557
Amenities
private backyard
Building Details
Year built
1912
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Faig Mikayilov · License #10301220271
(646) 643-8397
Added: Aug 19
Changed: Oct 10
Last Checked: Oct 11 at 2:06AM
MLS# 503929
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 is approximately 1,400 square feet and includes three bedrooms and one bathroom. The building offers hardwood flooring, a full unfinished basement, a flat roof, and a private backyard reached from the first-floor apartment. Built in 1912, the property occupies a 0.0612-acre lot and contains 7,468 square feet of property size. Zoning is R6.
Located in Brooklyn’s Bedford-Stuyvesant area, the property is near public transportation, shopping, dining, and neighborhood amenities. The address is 288 Sumpter Street, Brooklyn, NY 11233. The existing four-family configuration provides a defined multifamily layout, while any condominium conversion or other development would remain subject to required city approvals.
Located in Brooklyn’s Bedford-Stuyvesant area, the property is near public transportation, shopping, dining, and neighborhood amenities. The address is 288 Sumpter Street, Brooklyn, NY 11233. The existing four-family configuration provides a defined multifamily layout, while any condominium conversion or other development would remain subject to required city approvals.
Key Highlights
- Four‑family building with one apartment on each floor
- Each apartment is approximately 1,400 square feet with 3 bedrooms and 1 bathroom
- Semi‑detached brick construction with hardwood flooring
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
Lease Details
4
Residential units
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 - Semi-detached walk-up with one apartment per floor, a full basement, and backyard access from the first-floor residence.
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 building with one apartment on each floor; Each apartment is approximately 1,400 square feet with 3 bedrooms and 1 bathroom; Semi‑detached brick construction with hardwood flooring
