Renovated Four-Unit Multifamily
New
For Sale
$1,288,000
3013 Brighton 5th St, Brooklyn, NY 11235
Detached four-unit property with R6 zoning, updated systems, private yard, and rear parking.
Property Size2,514 SF
Days on Market5
Property Features for 3013 Brighton 5th St
General Information
Standard status
Active
Size
2,514 SF
Class
Class C5
Property subtype
Multi Family
Zoning
R6
Units
Unit Mix
2 x 1BR, 1 x 4BR, 1 x 3BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,195
Amenities
private yard
Building Details
Building Size
2,514 SF
Year Built
1932
Stories
2
Listing Agency:
Century 21 Homefront Realty
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Source:
Elliman
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 5 at 12:00PM
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 Homefront Realty
Investment Insights
Based on property information with market context.
This fully detached multifamily property contains four residences across multiple levels: two one-bedroom apartments on the first floor, a four-bedroom apartment above, and a three-bedroom residence on the lower level. The building was constructed in 1932 and has been comprehensively renovated with a new roof, upgraded stucco siding, energy-efficient windows, modern electrical and plumbing systems, mini-split heating and cooling, custom kitchens, and updated bathrooms. The property is vacant and includes a shared driveway, rear parking, and a private yard.
The building is located near restaurants, cafes, shops, gyms, and medical offices. Transportation options include the B1 and B68 bus lines and the B and Q trains, with Brighton Beach nearby. The property carries R6 zoning and has a walk score of 94, transit score of 78, and bike score of 69.
The building is located near restaurants, cafes, shops, gyms, and medical offices. Transportation options include the B1 and B68 bus lines and the B and Q trains, with Brighton Beach nearby. The property carries R6 zoning and has a walk score of 94, transit score of 78, and bike score of 69.
Key Highlights
- Four‑unit configuration with two one‑bedroom units, one four‑bedroom unit, and one three‑bedroom unit
- R6 zoning and fully detached building constructed in 1932
- Renovated roof, stucco siding, windows, electrical, plumbing, kitchens, and bathrooms
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
$88,045
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
6.84%
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%
$1,760,900
$1.8M
Cap Rate 7%
$1,257,786
$1.3M
Cap Rate 9%
$978,278
$978.3K
Market Conditions
NOI Build-Up for 2,514 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
$128.2K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$125.8K $50.03/SF
− OpEx
−$37.7K −$15.01/SF
NOI
$88.0K $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%
$1,760,900
Cap Rate 7%
$1,257,786
Cap Rate 9%
$978,278
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,045 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$1.10M
$959.4K – $1.28M
NOI $76,750 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,711 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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 - Detached four-unit property with R6 zoning, updated systems, private yard, and rear parking.
Where is this quadplex located?
The property is located at 3013 Brighton 5th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Four‑unit configuration with two one‑bedroom units, one four‑bedroom unit, and one three‑bedroom unit; R6 zoning and fully detached building constructed in 1932; Renovated roof, stucco siding, windows, electrical, plumbing, kitchens, and bathrooms
