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 Market334
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
Taxes and HOA fees
Annual Taxes
$8,376
Building Details
Building Size
2,356 SF
Year Built
1930
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Nov 11, 2025
Changed: Sep 29
Last Checked: Oct 10 at 2:49AM
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 / Yr
$60,479
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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?
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
