Brooklyn Multifamily Investment
For Sale
$2,100,000
567 Saint Johns Pl 8, Brooklyn, NY 11238
Eight-unit residential building near public transportation.
Property Size5,720 SF
Lot Size0.05 Acres
Days on Market238
Property Features for 567 Saint Johns Pl 8
General Information
Standard status
Active
Size
5,720 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,876
Building Details
Building Size
5,720 SF
Year Built
1909
Units
8
Listing Agency:
ZI Realty LLC
Listed By:
Kelly J. Jeffers
(718) 685-4284
Source:
Elliman
Added: Mar 11
Changed: Nov 3
Last Checked: Nov 3 at 6:23AM
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 ZI Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an eight-family residential building classified as C1. The building comprises eight apartment units, each featuring two bedrooms and one bathroom. The property is conveniently located near public transportation. This property presents a potential investment opportunity.
Key Highlights
- Eight 2‑Bedroom/1‑Bath Apartment Units, offering comfortable living spaces.
- C1 Building Class (Investment Property)
- Convenient Location Near Public Transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,626
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,492,520
$3.5M
Cap Rate 7%
$2,494,657
$2.5M
Cap Rate 9%
$1,940,289
$1.9M
Market Conditions
NOI Build-Up for 5,720 SF
Gross rent
$324.0K $56.64/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$317.5K $55.51/SF
− OpEx
−$142.9K −$24.98/SF
NOI
$174.6K $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%
$3,492,520
Cap Rate 7%
$2,494,657
Cap Rate 9%
$1,940,289
Alternative Uses
Best Use
Apartment 5plus
$2.49M
$2.18M – $2.91M
NOI $174,626 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.74M
$4.14M – $5.53M
NOI $331,531 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
5,642
Businesses Nearby
Explore this area
Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
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 - Eight-unit residential building near public transportation.
Where is this apartment building located?
The property is located at 567 Saint Johns Pl 8 Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Eight 2‑Bedroom/1‑Bath Apartment Units, offering comfortable living spaces.; C1 Building Class (Investment Property); Convenient Location Near Public Transportation
