Five-Family Apartment
For Sale
$3,989,000
332 Manhattan Avenue, Brooklyn, NY 11211
Apartment property with updated kitchens, hardwood floors, full basement utility areas, and access to Williamsburg amenities and transportation.
Property Size3,750 SF
Days on Market50
Property Features for 332 Manhattan Avenue
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$19,279
Building Details
Building Size
3,750 SF
Year Built
1930
Buildings
1
Listing Agency:
Capri Jet Realty Corp
Listed By:
Francesco Viglietta
(718) 785-6533
Source:
Serhant
Added: Sep 5
Changed: Oct 11
Last Checked: Oct 23 at 4:40PM
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 Capri Jet Realty Corp
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Investment Insights
Based on property information with market context.
This five-family apartment building at 332 Manhattan Ave includes residences with hardwood flooring, updated kitchens, separate living and dining areas, and well-proportioned bedrooms. A full basement provides dedicated space for mechanical and utility functions, including heating and hot-water equipment, electrical panels and meters, along with additional storage and work areas. The building was constructed in 1930.
The property is located in Williamsburg, Brooklyn, near restaurants, cafés, shops, nightlife, McCarren Park, and neighborhood amenities. Manhattan Avenue provides access to the surrounding commercial and residential district, while the property’s walk score is 88, bike score is 87, and transit score is 90.
The property is located in Williamsburg, Brooklyn, near restaurants, cafés, shops, nightlife, McCarren Park, and neighborhood amenities. Manhattan Avenue provides access to the surrounding commercial and residential district, while the property’s walk score is 88, bike score is 87, and transit score is 90.
Key Highlights
- Five‑family apartment building at 332 Manhattan Ave
- Full basement with heating, hot‑water, electrical, storage, and work areas
- Residences feature hardwood floors and updated kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,484
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,289,680
$2.3M
Cap Rate 7%
$1,635,486
$1.6M
Cap Rate 9%
$1,272,044
$1.3M
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$212.4K $56.64/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$208.2K $55.51/SF
− OpEx
−$93.7K −$24.98/SF
NOI
$114.5K $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%
$2,289,680
Cap Rate 7%
$1,635,486
Cap Rate 9%
$1,272,044
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,484 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,350 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7,053
Businesses Nearby
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Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with updated kitchens, hardwood floors, full basement utility areas, and access to Williamsburg amenities and transportation.
Where is this apartment building located?
The property is located at 332 Manhattan Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,989,000.
What are key features of this property?
This property features: Five‑family apartment building at 332 Manhattan Ave; Full basement with heating, hot‑water, electrical, storage, and work areas; Residences feature hardwood floors and updated kitchens
