6-Unit Apartment
For Sale
$2,890,000
301 23rd Street, Brooklyn, NY 11215
Commercial Sale, Brooklyn, NY
Property Size3,900 SF
Price / SF$741.03
Days on Market231
Property Features for 301 23rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bedroom 1, Bathroom 8, Bathroom 6, Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 7, Bedroom 3, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 5
Subdivision
South Slope
High school district
000000
Standard status
Active
Size
3,900 SF
Building Details
Architectural style
Other
Buildings
1
Listing Agency:
Compass
(646) 982-0353
Listed By:
Charissa Sheptak
Added: Mar 10
Changed: Oct 26
Last Checked: Oct 26 at 3:06AM
MLS# 11671056
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,900-square-foot apartment building contains six rental units, including an owner’s duplex with three additional rooms on the lower level. The duplex has two bathrooms, a washer and dryer, and direct access to the backyard. The other updated apartments each have one bedroom, a full kitchen, and a bathroom.
The property is on 23rd Street in Brooklyn, alongside a green space with walking paths. Prospect Park is a few blocks away, and the listing identifies access to the D, N, R, W, F, and G subway lines.
The property is on 23rd Street in Brooklyn, alongside a green space with walking paths. Prospect Park is a few blocks away, and the listing identifies access to the D, N, R, W, F, and G subway lines.
Key Highlights
- Six rental units, including an owner’s duplex
- 3,900 square feet
- Duplex includes three additional lower‑level rooms, two bathrooms, laundry, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,063
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,381,260
$2.4M
Cap Rate 7%
$1,700,900
$1.7M
Cap Rate 9%
$1,322,922
$1.3M
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$220.9K $56.64/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$216.5K $55.51/SF
− OpEx
−$97.4K −$24.98/SF
NOI
$119.1K $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 Rate 5%
$2,381,260
Cap Rate 7%
$1,700,900
Cap Rate 9%
$1,322,922
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $119,063 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,044 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,488
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated one-bedroom apartments include a duplex with backyard access and in-unit laundry.
Where is this apartment building located?
The property is located at 301 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Six rental units, including an owner’s duplex; 3,900 square feet; Duplex includes three additional lower‑level rooms, two bathrooms, laundry, and backyard access
