Crown Heights Brick Multifamily
For Sale
$1,600,000
Pending
817 Crown St, Brooklyn, NY 11213
Four-family brick building in Crown Heights with parking.
Property Size4,500 SF
Lot Size0.07 Acres
Days on Market168
Property Features for 817 Crown St
General Information
Standard status
Pending
Size
4,500 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$19,737
Building Details
Building Size
4,500 SF
Year Built
1924
Stories
2
Listing Agency:
RE/MAX Central
Listed By:
Jose L. Paucar · License #10301219825
(732) 972-1000
Source:
Elliman
Added: Apr 28
Changed: Oct 9
Last Checked: Oct 11 at 8:34AM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
This detached brick four-family building is located in Crown Heights. The building measures 21x80 feet and sits on a 25x127 foot lot. It features a shared driveway and a two-car garage. The property includes a full basement with a separate entrance and a gas heating system. Apartment 1F is a one-bedroom unit with a tenant paying $2,000 per month and has a one-year lease. Apartments 1R and 2R are both one-bedroom units. Apartment 2F is a three-bedroom apartment. Three of the apartments can be delivered vacant. The location is considered very bikeable with a bike score of 74, very walkable with a walk score of 88, and a rider's paradise with a transit score of 98.
Key Highlights
- Excellent location in prime Crown Heights with a Rider's Paradise transit score of 98 and Very Walkable score of 88.
- Detached brick 4‑family building with parking (shared driveway and 2‑car garage).
- Three apartments can be delivered vacant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,380
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
$2.7M
Cap Rate 7%
$1,962,571
$2.0M
Cap Rate 9%
$1,526,444
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$254.9K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$249.8K $55.51/SF
− OpEx
−$112.4K −$24.98/SF
NOI
$137.4K $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%
$2,747,600
Cap Rate 7%
$1,962,571
Cap Rate 9%
$1,526,444
Alternative Uses
Best Use
Multifamily LT 5
$2.25M
$1.97M – $2.63M
NOI $157,598 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family brick building in Crown Heights with parking.
Where is this quadplex located?
The property is located at 817 Crown St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Excellent location in prime Crown Heights with a Rider's Paradise transit score of 98 and Very Walkable score of 88.; Detached brick 4‑family building with parking (shared driveway and 2‑car garage).; Three apartments can be delivered vacant.
