Brick Quadplex with Finished
For Sale
$1,999,000
516 72nd Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size3,420 SF
Lot Size0.07 Acres
Price / SF$584.50
Days on Market100
Property Features for 516 72nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1-3/R6B
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 5
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bay Ridge
Standard status
Active
Size
3,420 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
11940
Building Details
Year built
1905
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Jul 5
Changed: Oct 10
Last Checked: Oct 12 at 11:06PM
MLS# 502783
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,420-square-foot quadplex is a semi-detached brick building constructed in 1905. The unit mix includes a first-floor duplex with two bedrooms and two full bathrooms, a three-bedroom second-floor apartment, and two one-bedroom apartments on the third floor. Each residence has distinct living, dining, and kitchen areas. The finished full basement adds usable interior space. Hardwood and tile flooring, a flat roof, refrigerators, and stoves are included.
The property occupies a 0.0689-acre, 30-by-100-foot lot with a 20-by-55-foot building footprint. Site features include a 10-foot private driveway, attached built-in garage, side yard, and backyard. Zoning is C1-3/R6B, and the source information identifies potential for partial or full commercial conversion subject to architect review and NYC approvals. The property is near the R train, shopping, restaurants, schools, parks, and the Verrazzano-Narrows Bridge.
The property occupies a 0.0689-acre, 30-by-100-foot lot with a 20-by-55-foot building footprint. Site features include a 10-foot private driveway, attached built-in garage, side yard, and backyard. Zoning is C1-3/R6B, and the source information identifies potential for partial or full commercial conversion subject to architect review and NYC approvals. The property is near the R train, shopping, restaurants, schools, parks, and the Verrazzano-Narrows Bridge.
Key Highlights
- Four‑family brick building with 3,420 square feet, constructed in 1905
- Unit mix includes a 2‑bedroom duplex, 3‑bedroom apartment, and two 1‑bedroom apartments
- Finished full basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,774
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,480
$2.4M
Cap Rate 7%
$1,711,057
$1.7M
Cap Rate 9%
$1,330,822
$1.3M
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$174.4K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$171.1K $50.03/SF
− OpEx
−$51.3K −$15.01/SF
NOI
$119.8K $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%
$2,395,480
Cap Rate 7%
$1,711,057
Cap Rate 9%
$1,330,822
Alternative Uses
Best Use
Multifamily LT 5
$1.71M
$1.50M – $2.00M
NOI $119,774 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,409 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,223 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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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 brick property with a finished basement, attached garage, private driveway, and separate living, dining, and kitchen areas.
Where is this quadplex located?
The property is located at 516 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four‑family brick building with 3,420 square feet, constructed in 1905; Unit mix includes a 2‑bedroom duplex, 3‑bedroom apartment, and two 1‑bedroom apartments; Finished full basement provides additional interior space
