Brooklyn Multifamily Property for
For Sale
$705,000
Pending
775 LAFAYETTE Ave 8B, Brooklyn, NY 11221
Multifamily property available in Brooklyn, New York.
Property Size986 SF
Days on Market335
Property Features for 775 LAFAYETTE Ave 8B
General Information
Standard status
Pending
Size
986 SF
Property subtype
Residential
Building Details
Building Size
986 SF
Year Built
2012
Units
83
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Darnell Thornton
(718) 399-4162
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:33AM
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 Brown Harris Stevens Brooklyn LLC
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Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Brooklyn, New York. The list price is $705,000.
Key Highlights
- Year Built: 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,102
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,040
$602.0K
Cap Rate 7%
$430,029
$430.0K
Cap Rate 9%
$334,467
$334.5K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$55.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$54.7K $55.51/SF
− OpEx
−$24.6K −$24.98/SF
NOI
$30.1K $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%
$602,040
Cap Rate 7%
$430,029
Cap Rate 9%
$334,467
Alternative Uses
Best Use
Apartment 5plus
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$816.4K
$714.4K – $952.5K
NOI $57,149 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property available in Brooklyn, New York.
Where is this apartment building located?
The property is located at 775 LAFAYETTE Ave 8B Brooklyn, NY.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Year Built: 2012
