Brooklyn Four-Family Investment
551 Euclid Avenue 4 Brooklyn, NY 11208
551 Euclid Avenue 4, Brooklyn, NY, 11208
$1,089,000
For Sale
$1,089,000
Four-family property in Brooklyn with high rent roll.
Property Size3,485 SF
Lot Size0.06 Acres
Price / SF$312.48
Days on Market585
Property Features for 551 Euclid Avenue 4
General Information
- Standard status
- Active
- Size
- 3,485 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency
Perl Group Real Estate
(718) 258-2900
Listed by
Jack Perlamuter
(718) 258-2900
Source
Exitrealty
Added: Dec 9, 2024 Checked: Jul 16 at 8:00 am
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 Perl Group Real Estate
Investment Insights
Based on property information with market context.
This multifamily property in Brooklyn presents an investment opportunity. The property is a four-family building with a high rent roll. The building has a property size of 3485 square feet and is currently operating at a 6% cap rate.
Key Highlights
- Prime location
- High rent roll
- 6% cap rate
Local Financial Insights For Multifamily LT 5
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 | $133.8k | $38.40 |
| − Vacancy | −$6.0k | −$1.73 |
| EGI | $127.8k | $36.67 |
| − OpEx | −$38.3k | −$11.00 |
| NOI | $89.5k | $25.67 |
3,485 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,461 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$1.14M
$995.7K – $1.33M
NOI $79,657 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,267 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Easy Divorce Filing
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-family property in Brooklyn with high rent roll.
Where is this quadplex located?
The property is located at 551 Euclid Avenue 4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: Prime location; High rent roll; 6% cap rate
