Renovated Brick
New
For Sale
$1,695,000
442 Marion Street, Brooklyn, NY 11233
Three residences provide a mix of two- and three-bedroom layouts, each with two full bathrooms.
Property Size2,400 SF
Price / SF$706.25
Days on Market6
Property Features for 442 Marion Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,556
Building Details
Building Size
2,400 SF
Year Built
1899
Buildings
1
Stories
3
Construction
solid-brick
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Penrealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 10 at 12:58AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This three-family brick property at 442 Marion St in Brooklyn contains three renovated apartments. The top-floor and first-floor residences each have two bedrooms and two full bathrooms; the second-floor unit has three bedrooms and two full bathrooms. Updates include kitchens with stone counters and modern cabinetry, refreshed bathrooms, new flooring, and contemporary fixtures. Mechanical systems have also been upgraded. The building dates to 1899.
Shops, parks, public transportation, and neighborhood amenities are nearby. The property has a Bike Score of 67, a Walk Score of 83, and a Transit Score of 95.
Shops, parks, public transportation, and neighborhood amenities are nearby. The property has a Bike Score of 67, a Walk Score of 83, and a Transit Score of 95.
Key Highlights
- Three apartments: two 2‑bedroom units and one 3‑bedroom unit
- Each residence has 2 full bathrooms
- Brick construction; built in 1899
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,963
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences provide a mix of two- and three-bedroom layouts, each with two full bathrooms.
Where is this triplex located?
The property is located at 442 Marion Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 3‑bedroom unit; Each residence has 2 full bathrooms; Brick construction; built in 1899
