Brooklyn Multifamily Property for
For Sale
$4,250,000
Pending
62 FORT GREENE Place, Brooklyn, NY 11217
Multifamily property available in Brooklyn, New York.
Property Size4,500 SF
Days on Market319
Property Features for 62 FORT GREENE Place
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$240
Building Details
Building Size
4,500 SF
Year Built
1900
Listing Agency:
Corcoran Group
Listed By:
Stefania Cardinali · License #10301201130
(516) 443-0171
Source:
Penrealty
Added: Nov 27, 2025
Changed: Oct 11
Last Checked: Oct 11 at 12:33PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The list price is $4,600,000.
Key Highlights
- Year Built: 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,380
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
$2.7M
Cap Rate 7%
$1,962,571
$2.0M
Cap Rate 9%
$1,526,444
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$254.9K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$249.8K $55.51/SF
− OpEx
−$112.4K −$24.98/SF
NOI
$137.4K $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%
$2,747,600
Cap Rate 7%
$1,962,571
Cap Rate 9%
$1,526,444
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property available in Brooklyn, New York.
Where is this multifamily property located?
The property is located at 62 FORT GREENE Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Year Built: 1900
