Semi-Attached Brick
321 Milford St Brooklyn, NY 11208
321 Milford St, Brooklyn, NY, 11208
$1,550,000
Pending
For Sale
$1,550,000
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size3,184 SF
Days on Market193
Property Features for 321 Milford St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 9, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 10, Bedroom 4
- Standard status
- Pending
Taxes and HOA fees
- Tax Year
- 6200
Listing Agency
BROOKLYN REAL PROPERTY INC
(718) 875-8899
389 ATLANTIC AVE, Brooklyn, NY
Listed by
Jean Paul Ho
(718) 875-8899
Added: Jan 5 Checked: Jul 17 at 5:06 am
MLS# 11624648
Listing URL
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.
Solid brick semi-attached legal 4-family on a 36 x 100 lot with a private drive. The building has 2 three-bedroom apartments and 2 two-bedroom apartments, with two units currently vacant: one 2-bedroom and one 3-bedroom. Interior features include high ceilings, lots of windows, and two entrances. A high-ceiling full basement with ceramic tile adds usable space.
The property has modernized core systems, including all new plumbing, a new gas line, and new electric service throughout the building. Improvements also include a new gas boiler with a 75-gallon hot water tank and a new rubberized roof. The building measures 26 feet wide by 72 feet deep, providing 3,184 sq ft of living space. It is located in Brooklyn on Milford Street and sits within R5 zoning, with 1,332 of unused FAR indicated.
This residence is well suited for buyers seeking a turnkey multi-family with recent capital improvements and mix of apartment sizes. With two units vacant, an owner has flexibility for immediate re-leasing, while the remaining units are described as market-value tenants. FHA approved for purchase, and the seller notes there are no rent restrictions.
The property has modernized core systems, including all new plumbing, a new gas line, and new electric service throughout the building. Improvements also include a new gas boiler with a 75-gallon hot water tank and a new rubberized roof. The building measures 26 feet wide by 72 feet deep, providing 3,184 sq ft of living space. It is located in Brooklyn on Milford Street and sits within R5 zoning, with 1,332 of unused FAR indicated.
This residence is well suited for buyers seeking a turnkey multi-family with recent capital improvements and mix of apartment sizes. With two units vacant, an owner has flexibility for immediate re-leasing, while the remaining units are described as market-value tenants. FHA approved for purchase, and the seller notes there are no rent restrictions.
Key Highlights
- Legal 4‑family semi‑attached solid brick home with 2 vacant units: one 2‑bedroom and one 3‑bedroom
- 4 units total with 3,184 sq ft living space (26' wide x 72' deep) on a 36' x 100' lot with private drive
- All‑new building systems: plumbing, gas line, and electric throughout; new gas boiler with 75‑gallon hot water tank
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 | $122.3k | $38.40 |
| − Vacancy | −$5.5k | −$1.73 |
| EGI | $116.8k | $36.67 |
| − OpEx | −$35.0k | −$11.00 |
| NOI | $81.7k | $25.67 |
3,184 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,735 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$1.04M
$909.7K – $1.21M
NOI $72,777 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,375 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
North Hollywood Group
Theater & Performing Art Venue
Brigthmoon icn
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Solid brick semi-attached legal 4-family with two vacant units and recent building-wide utility upgrades.
Where is this quadplex located?
The property is located at 321 Milford St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Legal 4‑family semi‑attached solid brick home with 2 vacant units: one 2‑bedroom and one 3‑bedroom; 4 units total with 3,184 sq ft living space (26' wide x 72' deep) on a 36' x 100' lot with private drive; All‑new building systems: plumbing, gas line, and electric throughout; new gas boiler with 75‑gallon hot water tank
