Building Details

Building Size 2,700 SF

Year Built 1910

Stories 3

Listing Agency: Revived Commercial

Listed By: Elysa M. Berlin · License #10301219469 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 5 Last Checked: Oct 11 at 8:29AM

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Investment Insights

Based on property information with market context.

A multifamily property is available for purchase. Showings are available by appointment only.

Key Highlights

• Showing by appointment only.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,428

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,648,560 $1.6M

Cap Rate 7%

$1,177,543 $1.2M

Cap Rate 9%

$915,867 $915.9K

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$152.9K $56.64/SF

− Vacancy

−$3.1K −$1.13/SF

EGI

$149.9K $55.51/SF

− OpEx

−$67.4K −$24.98/SF

NOI

$82.4K $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%

$1,648,560

Cap Rate 7%

$1,177,543

Cap Rate 9%

$915,867

Alternative Uses

Best Use

Apartment 5plus

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,428 @ 7.0% cap · market cap 3.66%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,492 @ 7.0% cap · market cap 6.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Nursing Home Home Appliance Store (Bike/Boat/Book/etc) Store Accounting Firm Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,926

Businesses Nearby

Explore this area Business Placement

Demographics for 11211, NY

68,540

Population

29,068

Households

2.4

Avg Household Size

31

Median Age

55%

College-Educated

86%

High-School Grad

1.5 sq mi

ZIP Area

45,693

Density / Sq Mi

$105,183

Median Household Income

$67,533

Median Earnings

$2,357

Median Rent

$1,118,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property available for purchase in Brooklyn, New York.

Where is this multifamily property located?

The property is located at 446 Humboldt St Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Showing by appointment only.