Seven-Unit Multifamily
446 Franklin Ave Brooklyn, NY 11238
446 Franklin Ave, Brooklyn, NY, 11238
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For Sale
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Seven-unit multifamily building available for sale in Brooklyn’s Bedford-Stuyvesant area.
Property Size6,900 SF
Price / SF$507.25
Days on Market120
Property Features for 446 Franklin Ave
General Information
- Standard status
- Active
- Size
- 6,900 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agency
Marcus & Millichap - Manhattan
Listed by
Dan Greenblatt · License #NY 10301215921
Source
Crexi
Added: Mar 25 Updated: Jul 22 at 12:42PM Checked: Jul 22 at 12:42PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This offering presents a seven-unit multifamily property at 446 Franklin Ave. The asset is listed for sale and is identified as a residential income building within the Bedford-Stuyvesant neighborhood.
The property is located in Brooklyn, NY 11238, and is offered as a 7-unit configuration.
With the building’s multifamily structure already in place, it is suited for buyers seeking a residential income property in Bedford-Stuyvesant.
The property is located in Brooklyn, NY 11238, and is offered as a 7-unit configuration.
With the building’s multifamily structure already in place, it is suited for buyers seeking a residential income property in Bedford-Stuyvesant.
Key Highlights
- 7‑unit multifamily building for sale at 446 Franklin Ave
- Brooklyn location in the Bedford‑Stuyvesant neighborhood
- Built in 1930
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $390.8k | $56.64 |
| − Vacancy | −$7.8k | −$1.13 |
| EGI | $383.0k | $55.51 |
| − OpEx | −$172.3k | −$24.98 |
| NOI | $210.6k | $30.53 |
6,900 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.01M
$2.63M – $3.51M
NOI $210,650 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.71M
$5.00M – $6.67M
NOI $399,924 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily building available for sale in Brooklyn’s Bedford-Stuyvesant area.
Where is this apartment building located?
The property is located at 446 Franklin 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: 7‑unit multifamily building for sale at 446 Franklin Ave; Brooklyn location in the Bedford‑Stuyvesant neighborhood; Built in 1930
