404 E 21st Street Brooklyn, NY 11226
MULTI_FAMILY - Brooklyn, NY
Property Features for 404 E 21st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6A/R7A
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 5, Bedroom 8, Bedroom 1, Bedroom 4, Bathroom 4
- Parking features
- Garage
- Interior features
- Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 3,432 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9712
Building Details
- Year built
- 1999
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Adebanjo Anthony Olatunji (718) 345-4545
Listing office Exit All Seasons Realty 8911 Glenwood Rd, Brooklyn, NY (718) 345-4545
Listing date Jul 13, 2026
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Investment Insights
Based on property information with market context.
The property includes a spacious backyard, a built-in one-car garage, and two additional parking spaces in front. Located in Brooklyn, it is described as being close to Flatbush Avenue and to Kings Theatre, with nearby grocery, dining, shopping, and public transportation access.
The building offers a straightforward three-unit configuration ideal for an owner seeking a self-contained residential income setup with separate utilities for each apartment.
Key Highlights
- Three‑family home with a 3‑bedroom unit over a 3‑bedroom unit over a 2‑bedroom unit
- Each apartment has a separate electric meter and its own recently installed boiler
- Tile‑floor kitchens with open‑concept living/dining room layout in each 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 | $129.7k | $37.80 |
| − Vacancy | −$5.4k | −$1.59 |
| EGI | $124.3k | $36.21 |
| − OpEx | −$37.3k | −$10.86 |
| NOI | $87.0k | $25.35 |
