Brick Quadplex with Detached
For Sale
$1,150,000
30 E 96th Street, Brooklyn, NY 11212
Residential, Brooklyn, NY
Property Size3,214 SF
Lot Size0.07 Acres
Price / SF$357.81
Days on Market11
Property Features for 30 E 96th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 7
Parking features
Garage - Detached
Interior features
A/C Unit - Window, Garage Door Opener(s), Laundry Area, Refrigerator, Stove, Window Treatments
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
3,214 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
11387
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford · License #HANDE791
(718) 758-0600
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 27 at 2:06PM
MLS# 504665
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.
Located at 30 E 96th Street in Brooklyn, this 3,214-square-foot brick quadplex was built in 1930 and is fully leased. The apartment mix includes three two-bedroom units and one one-bedroom unit, providing four residential homes within the building. A semi-finished basement has separate front, interior, and rear entrances. The property also includes a detached three-car garage accessed by a shared driveway, along with window-unit A/C, laundry space, refrigerators, stoves, hardwood and tile flooring, and window treatments. A boiler and water heater are 2 years old, and the rubber roof was completed in 2026.
The property is near the 3 and 4 trains at the Sutter Avenue and Utica Avenue stations. Shops, supermarkets, restaurants, laundromats, and Lincoln Terrace/Arthur Somers Park are also nearby. The property is zoned R6 and occupies 0.0746 acres.
The property is near the 3 and 4 trains at the Sutter Avenue and Utica Avenue stations. Shops, supermarkets, restaurants, laundromats, and Lincoln Terrace/Arthur Somers Park are also nearby. The property is zoned R6 and occupies 0.0746 acres.
Key Highlights
- Fully occupied four‑family building with three 2br apartments and one 1br apartment
- 3,214 square feet on a 0.0746‑acre lot
- 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
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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
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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 - Fully occupied four-family property with a varied apartment mix, separate basement access, and convenient transit connections.
Where is this quadplex located?
The property is located at 30 E 96th Street 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: Fully occupied four‑family building with three 2br apartments and one 1br apartment; 3,214 square feet on a 0.0746‑acre lot; Semi‑finished basement with separate front, interior, and rear entrances
