Fully Occupied
For Sale
$1,150,000
30 E 96th St, Brooklyn, NY 11212
Four-unit multifamily property with a finished basement, separate entrances, rear garage, and convenient transit access.
Property Size3,214 SF
Days on Market10
Property Features for 30 E 96th St
General Information
Standard status
Active
Size
3,214 SF
Total Parking Spaces
3
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,387
Building Details
Building Size
3,214 SF
Year Built
1930
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford · License #HANDE791
(718) 758-0600
Source:
Elliman
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 26 at 10:32AM
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 Century 21 Achievers
Investment Insights
Based on property information with market context.
Built in 1930, this four-unit multifamily property includes three two-bedroom apartments and one one-bedroom apartment. All residences are leased, and the units are described as being in good condition. A semi-finished basement adds usable space and provides separate front, interior, and rear access. The property also includes a shared driveway and a detached three-car garage at the rear.
The building is located at 30 E 96th St in Brooklyn, near the Sutter Avenue and Utica Avenue stations serving the 3 and 4 trains. Shops, supermarkets, restaurants, laundromats, Lincoln Terrace, and Arthur Somers Park are nearby. Reported mobility scores include a 92 Walk Score, 98 Transit Score, and 67 Bike Score. A boiler and water heater are two years old, and the roof was completed in 2026.
The building is located at 30 E 96th St in Brooklyn, near the Sutter Avenue and Utica Avenue stations serving the 3 and 4 trains. Shops, supermarkets, restaurants, laundromats, Lincoln Terrace, and Arthur Somers Park are nearby. Reported mobility scores include a 92 Walk Score, 98 Transit Score, and 67 Bike Score. A boiler and water heater are two years old, and the roof was completed in 2026.
Key Highlights
- Four‑unit layout with three two‑bedroom apartments and one one‑bedroom apartment
- All four apartments are leased
- Semi‑finished basement with separate front, interior, and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,400
$2.0M
Cap Rate 7%
$1,401,714
$1.4M
Cap Rate 9%
$1,090,222
$1.1M
Market Conditions
NOI Build-Up for 3,214 SF
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.
Gross rent
$182.0K $56.64/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$178.4K $55.51/SF
− OpEx
−$80.3K −$24.98/SF
NOI
$98.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,400
Cap Rate 7%
$1,401,714
Cap Rate 9%
$1,090,222
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,560 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,120 @ 7.0% cap · market cap 8.53%
Theoretical Best
Specialty Retail
$2.66M
$2.33M – $3.10M
NOI $186,283 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with a finished basement, separate entrances, rear garage, and convenient transit access.
Where is this quadplex located?
The property is located at 30 E 96th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit layout with three two‑bedroom apartments and one one‑bedroom apartment; All four apartments are leased; Semi‑finished basement with separate front, interior, and rear entrances
