Three-Story Brick Multifamily
For Sale
$1,800,000
406 Linden St, Brooklyn, NY 11237
Stabilized residential asset with three configured residences, finished basement space, and convenient subway access.
Property Size3,360 SF
Days on Market50
Property Features for 406 Linden St
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 2 x 5BR/2BA
Multifamily Units
3
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$5,674
Building Details
Building Size
3,360 SF
Year Built
1931
Buildings
1
Stories
3
Units
3
Construction
brick
Listing Agency:
Voro LLC
Listed By:
Naftali Adler
(929) 900-6223
Source:
Elliman
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 3:49PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
This three-story brick multifamily property at 406 Linden St. occupies a 20’ x 56’ footprint on a 100-foot-deep lot and was built in 1931. The ground level combines a four-bedroom, two-bath duplex with a fully finished basement, while the second and top floors each offer five bedrooms and two baths. In total, the building provides 14 bedrooms across three residential layouts.
The property is located one block from the Myrtle-Wyckoff L & M subway lines, with access to Manhattan transit. The surrounding area includes cafes, restaurants, nightlife, retail, Wyckoff Heights Medical Center, and the Jackie Robinson Parkway. WalkScore and bikeScore are both 86, while transitScore is 98. The asset is described as fully stabilized and carries an approximately 7% capitalization rate.
The property is located one block from the Myrtle-Wyckoff L & M subway lines, with access to Manhattan transit. The surrounding area includes cafes, restaurants, nightlife, retail, Wyckoff Heights Medical Center, and the Jackie Robinson Parkway. WalkScore and bikeScore are both 86, while transitScore is 98. The asset is described as fully stabilized and carries an approximately 7% capitalization rate.
Key Highlights
- 14‑bedroom multifamily property with three residential layouts
- 20’ x 56’ building footprint on a deep 100‑foot lot
- Ground‑floor four‑bedroom, two‑bath duplex with fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,577
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,051,540
$2.1M
Cap Rate 7%
$1,465,386
$1.5M
Cap Rate 9%
$1,139,744
$1.1M
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$190.3K $56.64/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$186.5K $55.51/SF
− OpEx
−$83.9K −$24.98/SF
NOI
$102.6K $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%
$2,051,540
Cap Rate 7%
$1,465,386
Cap Rate 9%
$1,139,744
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,577 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.25M
NOI $194,746 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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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 - Stabilized residential asset with three configured residences, finished basement space, and convenient subway access.
Where is this multifamily property located?
The property is located at 406 Linden St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 14‑bedroom multifamily property with three residential layouts; 20’ x 56’ building footprint on a deep 100‑foot lot; Ground‑floor four‑bedroom, two‑bath duplex with fully finished basement
