Mid-Rise Multifamily
For Sale
$1,275,000
71 Mother Gaston Boulevard, Brooklyn, NY 11233
Brooklyn property with finished walk-out space, natural gas hot water, and a fenced backyard.
Property Size3,300 SF
Days on Market71
Property Features for 71 Mother Gaston Boulevard
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
1
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,742
Amenities
Park
Wall/Window Unit(s)
Natural Gas, Hot Water
Finished, Full, Walk-Out Access
Entrance Foyer
Fenced, Back Yard
Private, Detached
Mid Rise
Building Details
Building Size
3,300 SF
Year Built
1910
Listing Agency:
eXp Realty
Listed By:
Austin Werner
(888) 276-0630
Source:
Evrealestate
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 11 at 6:32AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This mid-rise multifamily property at 71 Mother Gaston Boulevard in Brooklyn was built in 1910. Interior features include an entrance foyer, finished full lower-level space with walk-out access, wall/window unit heating or cooling, and natural gas hot water. Exterior features include a fenced backyard and private detached elements.
The property is located in Kings County, Brooklyn, New York, with the ZIP code 11233. Its combination of multifamily classification, established construction date, lower-level finished space, and outdoor enclosure provides a clear overview of the existing improvements.
The property is located in Kings County, Brooklyn, New York, with the ZIP code 11233. Its combination of multifamily classification, established construction date, lower-level finished space, and outdoor enclosure provides a clear overview of the existing improvements.
Key Highlights
- Mid‑rise multifamily property at 71 Mother Gaston Boulevard, Brooklyn, NY 11233
- Built in 1910
- Finished full lower‑level space with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,746
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,920
$2.0M
Cap Rate 7%
$1,439,229
$1.4M
Cap Rate 9%
$1,119,400
$1.1M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$186.9K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$183.2K $55.51/SF
− OpEx
−$82.4K −$24.98/SF
NOI
$100.7K $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%
$2,014,920
Cap Rate 7%
$1,439,229
Cap Rate 9%
$1,119,400
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 15.00%
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
3,021
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
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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?
Multifamily property - Brooklyn property with finished walk-out space, natural gas hot water, and a fenced backyard.
Where is this multifamily property located?
The property is located at 71 Mother Gaston Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Mid‑rise multifamily property at 71 Mother Gaston Boulevard, Brooklyn, NY 11233; Built in 1910; Finished full lower‑level space with walk‑out access
