Brooklyn Multifamily Property For
For Sale
$999,999
735 E 93rd St, Brooklyn, NY 11236
Multifamily property in Brooklyn with easy access to transportation.
Property Size2,912 SF
Lot Size0.06 Acres
Price / SF$343.41
Days on Market187
Property Features for 735 E 93rd St
General Information
Standard status
Active
Size
2,912 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,383
Building Details
Building Size
2,912 SF
Year Built
1930
Units
3
Listed By:
Kerryann Greene SFR SRS E-PRO PSA
(646) 932-2511
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 5:58PM
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 Kerryann Greene SFR SRS E-PRO PSA
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Investment Insights
Based on property information with market context.
This multifamily property, spanning approximately 2,912 square feet, offers a versatile layout designed for privacy and comfort. It features a private driveway, spacious backyard, hardwood floors, and well-sized bedrooms throughout. The property sits on a 25x100 lot, offering ample outdoor space. Commuting is facilitated by easy access to the L train at Canarsie-Rockaway Pkwy and the 3/4 trains at Saratoga Avenue. The location provides convenient access to the shops on Remsen Avenue and the surrounding Brooklyn community. The property is located in a very walkable area with a walk score of 73, bikeable area with a bike score of 56, and excellent transit with a transit score of 84. This property is suitable for expanding a portfolio or for use as a primary residence with rental income.
Key Highlights
- Versatile layout suitable for owner‑occupancy with rental income potential or investment portfolio expansion.
- Excellent transit score (84) with easy access to the L, 3, and 4 trains.
- Spacious backyard on a well‑sized 25x100 lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,900
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,000
$1.8M
Cap Rate 7%
$1,270,000
$1.3M
Cap Rate 9%
$987,778
$987.8K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$164.9K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$161.6K $55.51/SF
− OpEx
−$72.7K −$24.98/SF
NOI
$88.9K $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%
$1,778,000
Cap Rate 7%
$1,270,000
Cap Rate 9%
$987,778
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,900 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,780 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Brooklyn with easy access to transportation.
Where is this multifamily property located?
The property is located at 735 E 93rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Versatile layout suitable for owner‑occupancy with rental income potential or investment portfolio expansion.; Excellent transit score (84) with easy access to the L, 3, and 4 trains.; Spacious backyard on a well‑sized 25x100 lot.
