Two-Unit Multifamily
For Sale
Contact for pricing
313 Montauk Avenue, Brooklyn, NY 11208
R5-zoned residential building with four- and five-bedroom apartments, including a vacant second-floor unit at closing.
Property Size2,120 SF
Price / SF$471.70
Days on Market10
Property Features for 313 Montauk Avenue
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Multifamily
Zoning
R5
Units
Unit Mix
1 x 4BR, 1 x 5BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
2
Units
2
Listing Agency:
Invictus Property Advisors
Listed By:
Chase Kirkpatrick · License #10401366811
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 3:53PM
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 Invictus Property Advisors
Investment Insights
Based on property information with market context.
This two-unit residential property includes a garden-style apartment on the first level and a separate apartment above. The lower residence has four bedrooms, while the upper residence has five bedrooms and is scheduled for delivery vacant at closing. Both apartments are described as free-market units.
The property carries R5 zoning and Tax Class 1 status. Its position near public transportation connects the building with Brooklyn and the broader New York City area. The source data identifies the property at 313 Montauk Avenue in Brooklyn, New York.
The property carries R5 zoning and Tax Class 1 status. Its position near public transportation connects the building with Brooklyn and the broader New York City area. The source data identifies the property at 313 Montauk Avenue in Brooklyn, New York.
Key Highlights
- Two‑unit multifamily property with free‑market residential apartments
- First‑floor garden‑style apartment with 4 bedrooms
- Second‑floor apartment with 5 bedrooms
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
$54,421
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
5.44%
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%
$1,088,420
$1.1M
Cap Rate 7%
$777,443
$777.4K
Cap Rate 9%
$604,678
$604.7K
Market Conditions
NOI Build-Up for 2,120 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
$81.4K $38.40/SF
− Vacancy
−$3.7K −$1.73/SF
EGI
$77.7K $36.67/SF
− OpEx
−$23.3K −$11.00/SF
NOI
$54.4K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,088,420
Cap Rate 7%
$777,443
Cap Rate 9%
$604,678
Alternative Uses
Best Use
Multifamily LT 5
$777.4K
$680.3K – $907.0K
NOI $54,421 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,802 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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?
Duplex - R5-zoned residential building with four- and five-bedroom apartments, including a vacant second-floor unit at closing.
Where is this duplex located?
The property is located at 313 Montauk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑unit multifamily property with free‑market residential apartments; First‑floor garden‑style apartment with 4 bedrooms; Second‑floor apartment with 5 bedrooms
