8-Unit Apartment
296 THROOP Avenue, Brooklyn, NY 11206
For Sale
$3,700,000
The residential mix includes one- and two-bedroom apartments in a recently constructed building.
Property Size6,277 SF
Price / SF$589.45
Days on Market143
Property Features for 296 THROOP Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Shai Bernstein · License NY #10301211975
(718) 708-3350
Source:
Dallien
Added: Jun 24
Changed: Nov 7
Last Checked: Nov 13 at 2:59PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2014, this eight-unit apartment property contains approximately 6,277 square feet above grade. Its residences include a mix of one- and two-bedroom layouts.
Located at 296 Throop Avenue in Brooklyn, the building has a 421A tax abatement in place through 2042.
Located at 296 Throop Avenue in Brooklyn, the building has a 421A tax abatement in place through 2042.
Key Highlights
- Eight apartments with a mix of one- and two‑bedroom layouts
- Approximately 6,277 square feet above grade
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,630
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,832,600
$3.8M
Cap Rate 7%
$2,737,571
$2.7M
Cap Rate 9%
$2,129,222
$2.1M
Market Conditions
NOI Build-Up for 6,277 SF
Gross rent
$355.5K $56.64/SF
− Vacancy
−$7.1K −$1.13/SF
EGI
$348.4K $55.51/SF
− OpEx
−$156.8K −$24.98/SF
NOI
$191.6K $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%
$3,832,600
Cap Rate 7%
$2,737,571
Cap Rate 9%
$2,129,222
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.40M – $3.19M
NOI $191,630 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.06M
NOI $363,815 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
5,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential mix includes one- and two-bedroom apartments in a recently constructed building.
Where is this apartment building located?
The property is located at 296 THROOP Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Eight apartments with a mix of one- and two‑bedroom layouts; Approximately 6,277 square feet above grade; Built in 2014
