Brick Four-Unit
For Sale
$2,250,000
316 84th Street, Brooklyn, NY 11209
Residential Income, Brooklyn, NY
Property Size2,458 SF
Price / SF$915.38
Days on Market122
Property Features for 316 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 3
Subdivision
Bay Ridge
High school district
000000
Standard status
Active
Size
2,458 SF
Amenities
private balcony
washer and dryer
outdoor spaces
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Athena Salavantis · License #10301218981
(718) 921-0500
Added: Jun 9
Changed: Oct 7
Last Checked: Oct 8 at 7:06AM
MLS# 11824890
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.
Investment Insights
Based on property information with market context.
This semi-attached brick quadplex at 316 84th Street contains four free-market apartments arranged across a garden level, two first-floor residences, and a top-floor unit with a private balcony. The property measures 2,458 square feet and includes multiple outdoor areas, a shared driveway, and a detached two-car garage. Washer and dryer equipment is also included.
Two apartments are occupied, while two will be delivered vacant. That configuration supports continued rental use while providing flexibility for an owner occupant or an investor planning to establish new tenancies. The property is located in Brooklyn's Bay Ridge section, near shopping, dining, parks, schools, and transportation.
Two apartments are occupied, while two will be delivered vacant. That configuration supports continued rental use while providing flexibility for an owner occupant or an investor planning to establish new tenancies. The property is located in Brooklyn's Bay Ridge section, near shopping, dining, parks, schools, and transportation.
Key Highlights
- Four free‑market apartments in a semi‑attached brick building
- 2,458 square feet across garden, first‑floor, and top‑floor residences
- Top‑floor apartment includes a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,083
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Semi-attached multifamily property with flexible occupancy, private outdoor space, and dedicated parking improvements.
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 in a semi‑attached brick building; 2,458 square feet across garden, first‑floor, and top‑floor residences; Top‑floor apartment includes a private balcony
