Brooklyn Multifamily Property for
For Sale
$2,000,000
Pending
319 PROSPECT Ave, Brooklyn, NY 11215
Multifamily property available in Brooklyn, New York.
Property Size2,220 SF
Lot Size0.03 Acres
Days on Market335
Property Features for 319 PROSPECT Ave
General Information
Standard status
Pending
Size
2,220 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,200
Building Details
Building Size
2,220 SF
Year Built
1901
Units
2
Listed By:
AMANDA BARBA
(805) 679-3749
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:27AM
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 AMANDA BARBA
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Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The list price is $2,150,000.
Key Highlights
- Year Built: 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,774
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,480
$1.4M
Cap Rate 7%
$968,200
$968.2K
Cap Rate 9%
$753,044
$753.0K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$125.7K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$123.2K $55.51/SF
− OpEx
−$55.5K −$24.98/SF
NOI
$67.8K $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%
$1,355,480
Cap Rate 7%
$968,200
Cap Rate 9%
$753,044
Alternative Uses
Best Use
Apartment 5plus
$968.2K
$847.2K – $1.13M
NOI $67,774 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,671 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,653
Businesses Nearby
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Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property available in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 319 PROSPECT Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Year Built: 1901
