Brooklyn Four-Unit Residential
For Sale
$1,300,000
Pending
445 E 95TH St, Brooklyn, NY 11212
Four-unit building in Brooklyn with recent renovations and income potential.
Property Size1,804 SF
Lot Size0.09 Acres
Days on Market217
Property Features for 445 E 95TH St
General Information
Standard status
Pending
Size
1,804 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$143,736
Building Details
Building Size
1,804 SF
Year Built
1920
Stories
2
Units
4
Listed By:
Michael Rivera · License #10401376262
(917) 310-8874
Source:
Elliman
Added: Mar 10
Changed: Oct 11
Last Checked: Oct 11 at 8:28AM
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 Michael Rivera
Investment Insights
Based on property information with market context.
Located in Brooklyn, NY, the property at 445 E 95th St is a two-story, four-unit walk-up building situated on a 3,900 square foot lot. The building comprises a total of seven bedrooms. Unit 1F features two bedrooms and one bathroom, while Unit 1R offers one bedroom and one bathroom. On the second floor, Unit 2F includes two bedrooms and one bathroom, and Unit 2R features two bedrooms and one bathroom. The property also includes a full basement with separate electric and gas meters and one boiler. In 2021, a $250,000 investment was made into the property, which included renovations to the roof, windows, hallways, and full upgrades to bathrooms and kitchens in all units. The property is located near major transit options, including the 3 train at Sutter Ave-Rutland Rd and Saratoga Avenue, as well as local amenities such as Kings County Hospital, Brookdale Medical Center, and local retail. The R6 zoning and unused air rights offer the potential to increase value by adding more units. The property includes three garages.
Key Highlights
- Significant renovations completed in 2021 with a $250,000 investment, including roof, windows, hallways, bathrooms, and kitchens.
- Four‑unit building with a total of seven bedrooms, offering immediate income generation.
- Large 3,900 square foot lot with R6 zoning and unused air rights, providing potential for expansion and increased value.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,179
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,580
$1.3M
Cap Rate 7%
$902,557
$902.6K
Cap Rate 9%
$701,989
$702.0K
Market Conditions
NOI Build-Up for 1,804 SF
Gross rent
$92.0K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.3K $50.03/SF
− OpEx
−$27.1K −$15.01/SF
NOI
$63.2K $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%
$1,263,580
Cap Rate 7%
$902,557
Cap Rate 9%
$701,989
Alternative Uses
Best Use
Multifamily LT 5
$902.6K
$789.7K – $1.05M
NOI $63,179 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$786.8K
$688.4K – $917.9K
NOI $55,074 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,560 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
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?
Quadplex - Four-unit building in Brooklyn with recent renovations and income potential.
Where is this quadplex located?
The property is located at 445 E 95TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Significant renovations completed in 2021 with a $250,000 investment, including roof, windows, hallways, bathrooms, and kitchens.; Four‑unit building with a total of seven bedrooms, offering immediate income generation.; Large 3,900 square foot lot with R6 zoning and unused air rights, providing potential for expansion and increased value.
