For Sale
$2,300,000
411 Avenue P, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,944 SF
Lot Size0.06 Acres
Price / SF$1,183
Days on Market269
Property Features for 411 Avenue P
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Midwood
Standard status
Active
Size
1,944 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8297
Building Details
Year built
1935
Flooring type
Hardwood
Building materials
Block
Listing Agency:
Coldwell Banker LaBarca
Listed By:
Michael McGuire
(718) 258-1222
Added: Feb 3
Changed: Oct 29
Last Checked: Oct 30 at 1:06AM
MLS# 498752
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,082
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,640
$1.4M
Cap Rate 7%
$972,600
$972.6K
Cap Rate 9%
$756,467
$756.5K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$99.1K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.3K $50.03/SF
− OpEx
−$29.2K −$15.01/SF
NOI
$68.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,640
Cap Rate 7%
$972,600
Cap Rate 9%
$756,467
Alternative Uses
Best Use
Multifamily LT 5
$972.6K
$851.0K – $1.13M
NOI $68,082 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$847.8K
$741.9K – $989.1K
NOI $59,348 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,674 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,341
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 411 Avenue P Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
