Brooklyn Multifamily Property for
For Sale
$1,120,000
Pending
390 E 49th St, Brooklyn, NY 11203
Multifamily property located in Brooklyn, New York.
Property Size2,900 SF
Lot Size0.05 Acres
Days on Market335
Property Features for 390 E 49th St
General Information
Standard status
Pending
Size
2,900 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,442
Building Details
Building Size
2,900 SF
Year Built
2019
Listing Agency:
Keller Williams Realty Empire
Listed By:
Alana McIntosh · License #10301209681
(646) 820-8441
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:37AM
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 Keller Williams Realty Empire
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The list price is $1,120,000.
Key Highlights
- Year Built: 2019
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,534
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,680
$1.8M
Cap Rate 7%
$1,264,771
$1.3M
Cap Rate 9%
$983,711
$983.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$164.3K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$161.0K $55.51/SF
− OpEx
−$72.4K −$24.98/SF
NOI
$88.5K $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%
$1,770,680
Cap Rate 7%
$1,264,771
Cap Rate 9%
$983,711
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,534 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,084 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property located in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 390 E 49th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Year Built: 2019; Price: $11
