Brick Quadplex with Detached
For Sale
$2,250,000
316 84th Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size2,458 SF
Lot Size0.06 Acres
Price / SF$915.38
Days on Market87
Property Features for 316 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 5
Patio and Porch features
Deck, Patio, Porch
Interior features
A/C Unit, A/C Unit - Wall, A/C Unit - Window, Central Air, Central Air - Split, Deck, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer, Window Treatments
Subdivision
Bay Ridge
Standard status
Active
Size
2,458 SF
Lot size
0.06 Acres
Amenities
washer and dryer
private balcony
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Compass Greater New York, LLC
(718) 921-0500
Listed By:
Athena Salavantis · License #10301218981
(212) 913-9058
Added: Jun 10
Changed: Sep 3
Last Checked: Sep 4 at 3:06PM
MLS# 502180
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,458-square-foot brick quadplex was built in 1926 and contains four free-market apartments. The layout includes a garden-level residence, two apartments on the first floor, and a top-floor unit with a private balcony. Two apartments are occupied and two are vacant. Interior features include wall, window, and split-system air-conditioning options, along with kitchens equipped with refrigerators, stoves, dishwashers, and microwaves. Hardwood and tile flooring are also present.
The property occupies a 0.0574-acre lot at 316 84th Street in Brooklyn, NY 11209. Exterior features include a shared driveway, detached two-car garage, porch, deck, patio garden, and flat roof. A washer and dryer are included, and the property is zoned R4-1.
The property occupies a 0.0574-acre lot at 316 84th Street in Brooklyn, NY 11209. Exterior features include a shared driveway, detached two-car garage, porch, deck, patio garden, and flat roof. A washer and dryer are included, and the property is zoned R4-1.
Key Highlights
- Four free‑market apartments: one garden‑level, two first‑floor, and one top‑floor unit
- 2,458 square feet on a 0.0574‑acre lot
- Two occupied apartments and two vacant apartments
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
$86,083
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
3.83%
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%
$1,721,660
$1.7M
Cap Rate 7%
$1,229,757
$1.2M
Cap Rate 9%
$956,478
$956.5K
Market Conditions
NOI Build-Up for 2,458 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
$125.4K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$123.0K $50.03/SF
− OpEx
−$36.9K −$15.01/SF
NOI
$86.1K $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%
$1,721,660
Cap Rate 7%
$1,229,757
Cap Rate 9%
$956,478
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.43M
NOI $86,083 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$1.07M
$938.0K – $1.25M
NOI $75,040 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.37M
NOI $142,466 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,776
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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 free-market apartments with a private balcony, shared driveway, laundry, and a detached two-car garage.
Where is this quadplex located?
The property is located at 316 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four free‑market apartments: one garden‑level, two first‑floor, and one top‑floor unit; 2,458 square feet on a 0.0574‑acre lot; Two occupied apartments and two vacant apartments
