4725 Beach 47th Street Brooklyn, NY 11224
4725 Beach 47th Street, Brooklyn, NY, 11224
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For Sale
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Multifamily properties
Property Size3,220 SF
Price / SF$776.40
Days on Market118
Property Features for 4725 Beach 47th Street
General Information
- Standard status
- Active
- Size
- 3,220 SF
- Property subtype
- Land, Multifamily
Listing agency
RIPCO Real Estate
Listed by
Alex Svetlakou · License #NY 10401242416
Source
Crexi
Added: Mar 26 Updated: Jul 6 at 8:34AM Checked: Jul 17 at 2:31PM
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 RIPCO Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Healthy cash flow of $22k-$35k per month ($211k annualized net operating income).
- Located within the gated Seagate neighborhood at the water's edge.
- All 13 units are beautifully renovated.
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 | $182.4k | $56.64 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $178.7k | $55.51 |
| − OpEx | −$80.4k | −$24.98 |
| NOI | $98.3k | $30.53 |
3,220 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,303 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.67M
$2.33M – $3.11M
NOI $186,631 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
Where is this multifamily property located?
The property is located at 4725 Beach 47th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Healthy cash flow of $22k-$35k per month ($211k annualized net operating income).; Located within the gated Seagate neighborhood at the water's edge.; All 13 units are beautifully renovated.
