Multifamily Building with Eight
For Sale
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311 Troutman St, Brooklyn, NY 11237
Multifamily building featuring eight units in Brooklyn, New York.
Property Size6,500 SF
Price / SF$506.92
Days on Market255
Property Features for 311 Troutman St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Multifamily
Zoning
R6, Brooklyn
Net Operating Income
$227,800
Building Details
Year Built
1931
Buildings
1
Stories
4
Units
8
Listing Agency:
Marcus & Millichap Brooklyn
Listed By:
Vincent Tomaselli · License #10401377076
Source:
Crexi
Added: Jan 24
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 Marcus & Millichap Brooklyn
Investment Insights
Based on property information with market context.
This multifamily property, located in Brooklyn, New York, contains eight units. The building has a total size of 6,500 square feet. It is classified as an apartment building and a residential income property.
Key Highlights
- Multifamily property with 8 units.
- Priced at $425,000 per unit.
- Built in 1931.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,438
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,968,760
$4.0M
Cap Rate 7%
$2,834,829
$2.8M
Cap Rate 9%
$2,204,867
$2.2M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$368.2K $56.64/SF
− Vacancy
−$7.4K −$1.13/SF
EGI
$360.8K $55.51/SF
− OpEx
−$162.4K −$24.98/SF
NOI
$198.4K $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%
$3,968,760
Cap Rate 7%
$2,834,829
Cap Rate 9%
$2,204,867
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M
NOI $198,438 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,740 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily building featuring eight units in Brooklyn, New York.
Where is this apartment building located?
The property is located at 311 Troutman St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Multifamily property with 8 units.; Priced at **$425,000 per unit**.; Built in 1931.
