Renovated Six-Unit Apartment
For Sale
Contact for pricing
540 Bainbridge St, Brooklyn, NY 11233
Fully renovated multifamily property with free-market residential units and convenient subway access.
Property Size5,585 SF
Price / SF$447.63
Days on Market131
Property Features for 540 Bainbridge St
General Information
Standard status
Active
Size
5,585 SF
Property subtype
Multifamily
Investment Type
Stabilized
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 3BR/1.5BA, 4 x 3BR/2BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
3
Units
6
Tenancy
Single
Listing Agency:
Asset Commercial Realty Group
Listed By:
Yuriy Ustoyev · License #NY
(718) 887-9090
Source:
Crexi
Added: Jun 18
Changed: Oct 26
Last Checked: Oct 24 at 3:37PM
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 Asset Commercial Realty Group
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Investment Insights
Based on property information with market context.
Located at 540 Bainbridge St in Brooklyn, NY 11233, this fully renovated apartment building contains 5,585 SF across three stories. The property includes six residential units: one four-bedroom, 1.5-bath unit; one three-bedroom, 1.5-bath unit; and four three-bedroom, 2-bath units.
The building is permanently exempt from rent stabilization and operates as a free-market multifamily property. It is situated in Ocean Hill near the Chauncey Street [J, Z] and Halsey Street [J] subway stations, providing transit connections to Manhattan and other parts of Brooklyn. DHCR documentation and floor plans are available upon request.
The building is permanently exempt from rent stabilization and operates as a free-market multifamily property. It is situated in Ocean Hill near the Chauncey Street [J, Z] and Halsey Street [J] subway stations, providing transit connections to Manhattan and other parts of Brooklyn. DHCR documentation and floor plans are available upon request.
Key Highlights
- 5,585 SF, three‑story apartment building at 540 Bainbridge St
- Six residential units, including one 4‑bedroom and five 3‑bedroom apartments
- Unit mix includes one 4‑bedroom, 1.5‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,504
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,410,080
$3.4M
Cap Rate 7%
$2,435,771
$2.4M
Cap Rate 9%
$1,894,489
$1.9M
Market Conditions
NOI Build-Up for 5,585 SF
Gross rent
$316.3K $56.64/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$310.0K $55.51/SF
− OpEx
−$139.5K −$24.98/SF
NOI
$170.5K $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%
$3,410,080
Cap Rate 7%
$2,435,771
Cap Rate 9%
$1,894,489
Alternative Uses
Best Use
Apartment 5plus
$2.44M
$2.13M – $2.84M
NOI $170,504 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.62M
$4.05M – $5.40M
NOI $323,707 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated multifamily property with free-market residential units and convenient subway access.
Where is this apartment building located?
The property is located at 540 Bainbridge St 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: 5,585 SF, three‑story apartment building at 540 Bainbridge St; Six residential units, including one 4‑bedroom and five 3‑bedroom apartments; Unit mix includes one 4‑bedroom, 1.5‑bath unit
