Semi-Detached Multifamily
New
For Sale
$3,500,000
410 Stuyvesant Ave, Brooklyn, NY 11233
Three-level residence with original architectural details, side access, and flexible space for living or income-producing use.
Property Size5,600 SF
Days on Market6
Property Features for 410 Stuyvesant Ave
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,795
Building Details
Building Size
5,600 SF
Year Built
1899
Buildings
1
Stories
3
Listing Agency:
Madison Estates & Properties
(718) 645-1665
Listed By:
Charles D'Alessandro
(718) 645-1665
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 13 at 10:34AM
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 Madison Estates & Properties
Investment Insights
Based on property information with market context.
Built in 1899, this semi-detached multifamily townhouse offers three levels of living space with original architectural details, generous proportions, and abundant natural light. Exterior side access adds a practical dimension to the layout, while the configuration supports owner occupancy, multigenerational living, or an income-producing arrangement.
The property is located at 410 Stuyvesant Ave in Brooklyn’s Stuyvesant Heights neighborhood, among the brownstones and limestones associated with the area’s historic character. Cafés, restaurants, boutiques, parks, and transportation are described as readily accessible. Recorded mobility scores include a Walk Score of 88, a Transit Score of 98, and a Bike Score of 74. Some images have been digitally enhanced, and buyers are encouraged to verify features through personal inspection.
The property is located at 410 Stuyvesant Ave in Brooklyn’s Stuyvesant Heights neighborhood, among the brownstones and limestones associated with the area’s historic character. Cafés, restaurants, boutiques, parks, and transportation are described as readily accessible. Recorded mobility scores include a Walk Score of 88, a Transit Score of 98, and a Bike Score of 74. Some images have been digitally enhanced, and buyers are encouraged to verify features through personal inspection.
Key Highlights
- Three‑level semi‑detached multifamily townhouse
- Built in 1899 with original architectural details
- Exterior side access adds privacy and functionality
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
$170,962
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
4.88%
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%
$3,419,240
$3.4M
Cap Rate 7%
$2,442,314
$2.4M
Cap Rate 9%
$1,899,578
$1.9M
Market Conditions
NOI Build-Up for 5,600 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
$317.2K $56.64/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$310.8K $55.51/SF
− OpEx
−$139.9K −$24.98/SF
NOI
$171.0K $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 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%
$3,419,240
Cap Rate 7%
$2,442,314
Cap Rate 9%
$1,899,578
Alternative Uses
Best Use
Apartment 5plus
$2.44M
$2.14M – $2.85M
NOI $170,962 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.41M
NOI $324,576 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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?
Multifamily property - Three-level residence with original architectural details, side access, and flexible space for living or income-producing use.
Where is this multifamily property located?
The property is located at 410 Stuyvesant Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Three‑level semi‑detached multifamily townhouse; Built in 1899 with original architectural details; Exterior side access adds privacy and functionality
