4-Unit Two-Story
For Sale
$750,900
393 MONTAUK Avenue 393, Brooklyn, NY 11208
Four residential apartments are arranged across two floors, each with a kitchen, two bedrooms, and a full bathroom.
Property Size2,356 SF
Price / SF$318.72
Days on Market275
Property Features for 393 MONTAUK Avenue 393
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Apartment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Building Size
2,356 SF
Year Built
1930
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
(516) 819-7800
Listed By:
Todd Yovino · License #40YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Nov 11, 2025
Changed: Aug 11
Last Checked: Aug 12 at 3:45PM
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 ISLAND ADVANTAGE REALTY LLC
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 2,356 square feet and was built in 1930. The two-story layout includes two apartments on each level, creating a straightforward residential configuration.
Each apartment includes its own kitchen, two bedrooms, and one full bathroom. The property is located on Montauk Avenue in Brooklyn, New York, within ZIP Code 11208.
Each apartment includes its own kitchen, two bedrooms, and one full bathroom. The property is located on Montauk Avenue in Brooklyn, New York, within ZIP Code 11208.
Key Highlights
- Four apartments configured as a quadplex
- 2,356 square feet across two floors
- Two apartments located on each level
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
$60,479
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
8.05%
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%
$1,209,580
$1.2M
Cap Rate 7%
$863,986
$864.0K
Cap Rate 9%
$671,989
$672.0K
Market Conditions
NOI Build-Up for 2,356 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
$90.5K $38.40/SF
− Vacancy
−$4.1K −$1.73/SF
EGI
$86.4K $36.67/SF
− OpEx
−$25.9K −$11.00/SF
NOI
$60.5K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,209,580
Cap Rate 7%
$863,986
Cap Rate 9%
$671,989
Alternative Uses
Best Use
Multifamily LT 5
$864.0K
$756.0K – $1.01M
NOI $60,479 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$769.3K
$673.1K – $897.5K
NOI $53,851 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,911 @ 7.0% cap · market cap 13.44%
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
2,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Four residential apartments are arranged across two floors, each with a kitchen, two bedrooms, and a full bathroom.
Where is this quadplex located?
The property is located at 393 MONTAUK Avenue 393 Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,900.
What are key features of this property?
This property features: Four apartments configured as a quadplex; 2,356 square feet across two floors; Two apartments located on each level
