Four-Unit Brick
For Sale
$1,880,000
844 39th Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size3,252 SF
Lot Size0.06 Acres
Price / SF$578.11
Days on Market141
Property Features for 844 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 11, Bedroom 15, Bedroom 9, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 13, Bedroom 1, Bathroom 5, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 12, Bedroom 16, Bathroom 7, Bathroom 8, Bedroom 14, Bedroom 2, Bedroom 10, Bedroom 4, Bathroom 4
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
3,252 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9087
Building Details
Year built
1931
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Qi Weng
(917) 708-9966
Added: Jun 8
Changed: Oct 22
Last Checked: Oct 26 at 1:06PM
MLS# 502116
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 844 39th Street in Brooklyn, this brick quadplex contains 3,252 square feet on a 0.0575-acre lot. Built in 1931, the property offers two stories of living area plus a finished basement, with 16 bedrooms and 8 bathrooms. The building has a flat roof and is described as being in good condition. Delivery is vacant, providing immediate flexibility for an owner-user or multifamily operator.
The property is in the Sunset Park area near restaurants, supermarkets, shops, and Sunset Park itself. Public transportation access includes the D line and buses. The property is identified with M1-2 zoning.
The property is in the Sunset Park area near restaurants, supermarkets, shops, and Sunset Park itself. Public transportation access includes the D line and buses. The property is identified with M1-2 zoning.
Key Highlights
- Four‑unit multifamily property delivered vacant
- 3,252 square feet on a 0.0575‑acre lot
- 16 bedrooms and 8 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,891
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,277,820
$2.3M
Cap Rate 7%
$1,627,014
$1.6M
Cap Rate 9%
$1,265,456
$1.3M
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$165.9K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$162.7K $50.03/SF
− OpEx
−$48.8K −$15.01/SF
NOI
$113.9K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,277,820
Cap Rate 7%
$1,627,014
Cap Rate 9%
$1,265,456
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.42M – $1.90M
NOI $113,891 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,280 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$2.69M
$2.36M – $3.14M
NOI $188,486 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,588
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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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?
Quadplex - Vacant Brooklyn multifamily property with two levels of living space, a finished basement, and access to neighborhood services and transit.
Where is this quadplex located?
The property is located at 844 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Four‑unit multifamily property delivered vacant; 3,252 square feet on a 0.0575‑acre lot; 16 bedrooms and 8 bathrooms
