Solid Brick Multifamily
For Sale
$980,000
Pending
342 Legion Street, Brooklyn, NY 11212
1930-built dwelling offers four bedrooms and three bathrooms in a highly walkable Brooklyn setting.
Property Size2,400 SF
Lot Size0.06 Acres
Days on Market69
Property Features for 342 Legion Street
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,326
Building Details
Building Size
2,400 SF
Year Built
1930
Construction
brick
Listing Agency:
Compass
Listed By:
ELKIN J SERNA
(917) 578-9551
Source:
Carlinwright
Added: Aug 4
Changed: Oct 2
Last Checked: Oct 10 at 1:55AM
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 Compass
Investment Insights
Based on property information with market context.
Constructed in 1930, this solid brick multifamily dwelling provides approximately 2,400 square feet of interior space with four bedrooms and three bathrooms. The property occupies a 2,500-square-foot lot measuring 25 feet by 100 feet, creating a compact residential configuration in Brooklyn.
Located at 342 Legion St, the property scores 88 for walkability, 74 for biking, and 98 for transit access. These ratings place the address in a highly walkable, transit-oriented setting with strong bicycle accessibility.
Located at 342 Legion St, the property scores 88 for walkability, 74 for biking, and 98 for transit access. These ratings place the address in a highly walkable, transit-oriented setting with strong bicycle accessibility.
Key Highlights
- Approximately 2,400 sq. ft. of interior space
- Four bedrooms and three bathrooms
- Solid brick multifamily dwelling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,270
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,400
$1.5M
Cap Rate 7%
$1,046,714
$1.0M
Cap Rate 9%
$814,111
$814.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$135.9K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$133.2K $55.51/SF
− OpEx
−$59.9K −$24.98/SF
NOI
$73.3K $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%
$1,465,400
Cap Rate 7%
$1,046,714
Cap Rate 9%
$814,111
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - 1930-built dwelling offers four bedrooms and three bathrooms in a highly walkable Brooklyn setting.
Where is this multifamily property located?
The property is located at 342 Legion Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Approximately 2,400 sq. ft. of interior space; Four bedrooms and three bathrooms; Solid brick multifamily dwelling
