Semi-Detached Four-Unit
For Sale
$1,299,000
380 Rockaway Parkway, Brooklyn, NY 11212
MULTI_FAMILY - Brooklyn, NY
Property Size3,198 SF
Lot Size0.06 Acres
Price / SF$406.19
Days on Market332
Property Features for 380 Rockaway Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 6, Bathroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Interior features
Central Air - Split, Refrigerator, Stove
Basement
Full, Finished
Subdivision
East Flatbush
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 Agency:
ABC Real Estate Services, Inc.
(718) 221-8822
Listed By:
Dylan Williams
(718) 221-8822
Added: Sep 28, 2025
Changed: Aug 3
Last Checked: Aug 25 at 1:06PM
MLS# 496177
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.
Semi-detached four-unit multifamily property built in 1930 with brick construction and a Colonial architectural style. The building features three two-bedroom apartments and one one-bedroom apartment, for a total of 7 bedrooms and 4 baths. A full finished basement includes two separate outside entrances.
The property is being sold as-is with tenants in place. Interior features include central air (split system), hardwood flooring, and a refrigerator and stove.
Additional property features include an asphalt roof. The lot size is approximately 0.0574 acres, and the approximate building size is 3,198 square feet.
The property is being sold as-is with tenants in place. Interior features include central air (split system), hardwood flooring, and a refrigerator and stove.
Additional property features include an asphalt roof. The lot size is approximately 0.0574 acres, and the approximate building size is 3,198 square feet.
Key Highlights
- Semi‑detached four‑unit multifamily building
- 3 two‑bedroom apartments plus 1 one‑bedroom apartment
- 7 bedrooms and 4 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,239,980
$2.2M
Cap Rate 7%
$1,599,986
$1.6M
Cap Rate 9%
$1,244,433
$1.2M
Market Conditions
NOI Build-Up for 3,198 SF
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.
Gross rent
$163.1K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.0K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,239,980
Cap Rate 7%
$1,599,986
Cap Rate 9%
$1,244,433
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,389
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Semi-detached four-unit building with 7 bedrooms, 4 baths, and a full finished basement with two outside entrances.
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 four‑unit multifamily building; 3 two‑bedroom apartments plus 1 one‑bedroom apartment; 7 bedrooms and 4 baths
