Brooklyn Multifamily Property For
735 E 93rd St Brooklyn, NY 11236
For Sale
$999,999
Multifamily property in Brooklyn with easy access to transportation.
Property Size2,912 SF
Lot Size0.06 Acres
Price / SF$343.41
Days on Market92
Property Features for 735 E 93rd St
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Lot size
- 0.06 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing Agency:
(646) 932-2511
Listed By:
Kerryann Greene SFR SRS E-PRO PSA
(646) 932-2511
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:28AM
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
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 For Apartment 5plus
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 | $164.9k | $56.64 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $161.6k | $55.51 |
| − OpEx | −$72.7k | −$24.98 |
| NOI | $88.9k | $30.53 |
2,912 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joseph Hutchinson Contracting
General Contractor
FAQs
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.
