Brooklyn Multifamily Property For
380 Rockaway Parkway Brooklyn, NY 11212
MULTI_FAMILY - Brooklyn, NY
Property size:
3,198 SFLot size:
0.06 AcresPrice / SF:
$406/SF- Added:
- Sep 28, 2025
- Days on Market:
- 286
- Last Refresh:
- Jul 10 at 11:06 am
Property Features for 380 Rockaway Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 7, Bathroom 4
- Interior features
- Central Air - Split, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,198 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing agent Dylan Williams (718) 221-8822
Listing office ABC Real Estate Services, Inc. 25 MacDougal St, Brooklyn, NY (718) 221-8822
Listing date Sep 28, 2025
MLS# 496177
Listing URL
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.
Investment Insights
Based on property information with market context.
This semi-detached multifamily property in Brooklyn, New York, features four units, including three two-bedroom apartments and one one-bedroom apartment. The building includes seven bedrooms and four bathrooms. A full finished basement offers two separate outside entrances. The property has an approximate square footage of 3198 square feet. Situated on a lot of approximately 0.0574 acres, the property is being sold as is with tenants. It is located minutes from the #3 Train (Saratoga Avenue Station) and shopping. The property's appearance is excellent.
Key Highlights
- Semi‑detached 4‑family with 7 bedrooms and 4 baths
- Full finished basement with 2 separate outside entrances
- 3 two‑bedroom apartments and 1 one‑bedroom apartment
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 | $163.1k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.0k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.0k | $35.02 |
3,198 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $111,999 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 7.52%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,356 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brown's Refrigeration
Hardware & Home Improvement
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FAQs
What type of property is this?
Quadplex - Semi-detached 4-family property with finished basement in Brooklyn, NY.
Where is this quadplex located?
The property is located at 380 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Semi‑detached 4‑family with 7 bedrooms and 4 baths; Full finished basement with 2 separate outside entrances; 3 two‑bedroom apartments and 1 one‑bedroom apartment
