Four-Story Eight-Unit Apartment
For Sale
$5,700,000
433 De Kalb Avenue, Brooklyn, NY 11205
Commercial Sale, Brooklyn, NY
Property Size7,020 SF
Price / SF$811.97
Days on Market358
Property Features for 433 De Kalb Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
18
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 12, Bedroom 18, Bedroom 9, Bedroom 1, Bedroom 8, Bedroom 15, Bedroom 4, Bathroom 1, Bedroom 17, Bathroom 2, Bedroom 2, Bedroom 10, Bedroom 3, Bathroom 6, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 11, Bedroom 16, Bedroom 13, Bedroom 7, Bedroom 14, Bedroom 6
Subdivision
Bedford Stuyvesant
High school district
000000
Standard status
Active
Size
7,020 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Christine Blackburn
(917) 392-4200
Added: Oct 14, 2025
Changed: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 11590525
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
433 De Kalb Avenue is a four-story apartment building containing eight free-market rental units across 7,020 square feet. The apartments offer efficient layouts, hardwood flooring, modern kitchens and baths, and oversized windows. Utilities are separately metered, and the building is fully occupied.
The property sits near the Clinton Hill and Bedford-Stuyvesant border in Brooklyn, with access to transit, dining, shopping, and cultural amenities. An additional 3780 sqft of FAR provides further development capacity. The asset also carries a 6% cap rate based on projected 2026 rents.
The property sits near the Clinton Hill and Bedford-Stuyvesant border in Brooklyn, with access to transit, dining, shopping, and cultural amenities. An additional 3780 sqft of FAR provides further development capacity. The asset also carries a 6% cap rate based on projected 2026 rents.
Key Highlights
- Eight‑unit, four‑story apartment building with 7,020 square feet
- Fully occupied free‑market rental property
- Apartments feature hardwood floors, modern kitchens and baths, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,313
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,286,260
$4.3M
Cap Rate 7%
$3,061,614
$3.1M
Cap Rate 9%
$2,381,256
$2.4M
Market Conditions
NOI Build-Up for 7,020 SF
Gross rent
$397.6K $56.64/SF
− Vacancy
−$8.0K −$1.13/SF
EGI
$389.7K $55.51/SF
− OpEx
−$175.3K −$24.98/SF
NOI
$214.3K $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%
$4,286,260
Cap Rate 7%
$3,061,614
Cap Rate 9%
$2,381,256
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,313 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.81M
$5.09M – $6.78M
NOI $406,879 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 11205, NY
50,474
Population
19,200
Households
2.6
Avg Household Size
30
Median Age
52%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
42,062
Density / Sq Mi
$86,753
Median Household Income
$59,901
Median Earnings
$2,307
Median Rent
$892,800
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied rental property with separately metered utilities and efficient apartment layouts.
Where is this apartment building located?
The property is located at 433 De Kalb Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Eight‑unit, four‑story apartment building with 7,020 square feet; Fully occupied free‑market rental property; Apartments feature hardwood floors, modern kitchens and baths, and oversized windows
