321 97th Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 5, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 10 at 11:06 am
Property Features for 321 97th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Interior features
- Dishwasher, Laundry Area, Refrigerator, Stove
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 3,391 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12042
Building Details
- Year built
- 1980
- Floors in Building
- 3
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick
- Roof type
- Flat, Asphalt
Listing agent Eva Valenti (718) 238-5550
Listing office Velsor Realty 8027 Third Avenue, Brooklyn, NY (718) 238-5550
Listing date Jun 5, 2026
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.
HighLights
- Semi‑detached 3‑family brick home built in 1980 with a full basement
- 21' x 53' house on a 21' 33" x 97' 17" lot
- One‑car garage plus private drive
- Each of the 2nd and 3rd floor units has three bedrooms and a half‑bath off the master bedroom
- First‑floor unit features a one‑bedroom apartment
- Interior includes hardwood and ceramic flooring, with kitchen appliances such as dishwasher, refrigerator, and stove
Overview
Zoned R4-1, the home sits on a lot measuring 21 by 33 feet and includes a site area described as 21.33 by 97.17. The listing notes proximity to 3rd Avenue shopping and restaurants, with a short distance to the R-Train and local parks.
For tenants and operators seeking an income-producing residential building, this configuration allows for separate units on separate floors, including two similarly sized three-bedroom residences and a one-bedroom first-floor apartment. Existing in-unit amenities such as dishwashers and a laundry area add day-to-day convenience for residents, while the full basement and garage support the overall functionality of the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.9k | $51.00 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $169.7k | $50.03 |
| − OpEx | −$50.9k | −$15.01 |
| NOI | $118.8k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.033379
- Latitude
- 40.615661
