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Brooklyn Multifamily Property for Sale
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289A Monroe St, Brooklyn, NY 11216

Six apartments, each with two bedrooms and one bathroom.

Property Size3,900 SF
Lot Size0.05 Acres
Price / SF$320.51
Days on Market740

Property Features for 289A Monroe St

General Information

Standard status Active
Size 3,900 SF
Lot size 0.05 Acres
Property subtype Multifamily
Zoning R6B
Occupancy 83%
Investment Type Value Add
Net Operating Income $96,404

Building Details

Year Built 1931
Buildings 1
Stories 3
Units 6
Listing Agency: Safdie Realty Group
Listed By: Roni Yaghoobzar · License #NY 10401324145
Source: Crexi
Added: Sep 3, 2024 Changed: Sep 5 Last Checked: Sep 12 at 3:55AM

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 Safdie Realty Group

Investment Insights

Based on property information with market context.

This multifamily property is located between Marcy Avenue and Tompkins Avenue in Bedford-Stuyvesant, Brooklyn. The building contains six apartments, each featuring two bedrooms and one bathroom. Constructed with dimensions of 20 ft x 65 ft, the property provides approximately 3,900 square feet of space. The lot size is 20 ft x 100 ft. The property is within walking distance of the A & C subway lines.

Key Highlights

  • Six apartments, each featuring 2 bedrooms and 1 bathroom.
  • Located in Bedford‑Stuyvesant, Brooklyn.
  • Walking distance to the A & C subway lines.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Nursing Home Auto Parts Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,004
Businesses Nearby

Demographics for 11216, NY

61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six apartments, each with two bedrooms and one bathroom.
Where is this apartment building located?
The property is located at 289A Monroe St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments, each featuring 2 bedrooms and 1 bathroom.; Located in Bedford‑Stuyvesant, Brooklyn.; Walking distance to the A & C subway lines.
More about this property
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