Brooklyn Four Families Investment
For Sale
Contact for pricing
300 20th St, Brooklyn, NY 11215
Four-family property in Brooklyn, ideal for investment purposes.
Property Size6,468 SF
Price / SF$460.73
Days on Market1558
Property Features for 300 20th St
General Information
Standard status
Active
Size
6,468 SF
Class
B
Property subtype
Multifamily
Zoning
R6
Investment Type
Net Lease
Net Operating Income
$141,735
Building Details
Year Built
2008
Buildings
1
Stories
4
Units
4
Listing Agency:
E Realty International Corp.
Listed By:
Frank Ko · License #NY 10301215711
(718) 886-8110
Source:
Crexi
Added: Jun 9, 2022
Changed: Sep 2
Last Checked: Sep 13 at 4:12AM
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 E Realty International Corp.
Investment Insights
Based on property information with market context.
This multifamily property in Brooklyn is configured as a four-family building, presenting an investment opportunity. The property has a size of 6468 square feet.
Key Highlights
- Four families: ideal for investment with multiple rental incomes.
- Location: property is located in Brooklyn.
- Year built: relatively new construction (2008).
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
$226,520
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
7.60%
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%
$4,530,400
$4.5M
Cap Rate 7%
$3,236,000
$3.2M
Cap Rate 9%
$2,516,889
$2.5M
Market Conditions
NOI Build-Up for 6,468 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
$329.9K $51.00/SF
− Vacancy
−$6.3K −$0.97/SF
EGI
$323.6K $50.03/SF
− OpEx
−$97.1K −$15.01/SF
NOI
$226.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,530,400
Cap Rate 7%
$3,236,000
Cap Rate 9%
$2,516,889
Alternative Uses
Best Use
Multifamily LT 5
$3.24M
$2.83M – $3.78M
NOI $226,520 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,461 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$5.36M
$4.69M – $6.25M
NOI $374,885 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family property in Brooklyn, ideal for investment purposes.
Where is this quadplex located?
The property is located at 300 20th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Four families: ideal for investment with multiple rental incomes.; Location: property is located in Brooklyn.; Year built: relatively new construction (2008).
