Multifamily
For Sale
$5,200,000
750 Washington Avenue, Brooklyn, NY 11238
Multifamily asset in Prospect Heights, Brooklyn.
Property Size7,720 SF
Days on Market11
Property Features for 750 Washington Avenue
General Information
Standard status
Active
Size
7,720 SF
Property subtype
Multifamily
Amenities
750 Washington Avenue is a 16-unit multifamily asset, spanning 4 stories approx. 7,720 SF.
Tax Class: 2 | Zoning: R6A, C1-4 | 63% Free Market
750 Washington is supported by proximity to the Brooklyn Botanic Garden, Prospect Park, top-tier dining and retail along Franklin & Nostrand Avenues, Brooklyn Museum, and the 2,3,4, & 5 Subway lines.
Building Details
Building Size
7,720 SF
Units
16
Listing Agency:
New York City Office
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 30 at 1:15PM
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 New York City Office
Investment Insights
Based on property information with market context.
This multifamily property is located at 750 Washington Avenue in Brooklyn, New York. The asset is situated in Prospect Heights, a residential neighborhood identified in the property information as one of Brooklyn’s evolving communities.
The property occupies a Washington Avenue address within the Prospect Heights area. Additional building specifications, unit details, and operating information are not included in the available property information.
The property occupies a Washington Avenue address within the Prospect Heights area. Additional building specifications, unit details, and operating information are not included in the available property information.
Key Highlights
- Multifamily property at 750 Washington Avenue
- Located in Prospect Heights, Brooklyn
- New York address: 750 Washington Avenue, Brooklyn, NY 11238
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$235,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,713,680
$4.7M
Cap Rate 7%
$3,366,914
$3.4M
Cap Rate 9%
$2,618,711
$2.6M
Market Conditions
NOI Build-Up for 7,720 SF
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.
Gross rent
$437.3K $56.64/SF
− Vacancy
−$8.7K −$1.13/SF
EGI
$428.5K $55.51/SF
− OpEx
−$192.8K −$24.98/SF
NOI
$235.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,713,680
Cap Rate 7%
$3,366,914
Cap Rate 9%
$2,618,711
Alternative Uses
Best Use
Apartment 5plus
$3.37M
$2.95M – $3.93M
NOI $235,684 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.39M
$5.59M – $7.46M
NOI $447,451 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,841
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset in Prospect Heights, Brooklyn.
Where is this multifamily property located?
The property is located at 750 Washington Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Multifamily property at 750 Washington Avenue; Located in Prospect Heights, Brooklyn; New York address: 750 Washington Avenue, Brooklyn, NY 11238
