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    Four-Family Residential with Finished Basement Title is generated by Realmo AI

    844 39th Street, Brooklyn, NY 11232

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    Claim this Listing
    New
    For Sale
    $1,999,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,252 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $614/SF
    Added:
    Jun 8, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 10 at 11:06 am

    Property Features for 844 39th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    M1-2
    Bedrooms
    16
    Bathrooms
    8
    Rooms
    Bedroom 10, Bedroom 11, Bathroom 6, Bedroom 15, Bedroom 1, Bathroom 8, Bedroom 14, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 12, Bedroom 6, Bathroom 1, Bathroom 7, Bedroom 13, Bedroom 2, Bedroom 7, Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 16, Bedroom 8
    Basement
    Finished
    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

    We can help!

    Listing Contact
    Qi Weng

    Listing agent Qi Weng

    Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

    Listing date Jun 8, 2026

    MLS# 502116 Listing URL

    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.

    HighLights

    • 4‑family brick building built in 1931
    • 2 stories of living space plus a finished basement
    • Flat roof
    • Delivery vacant
    • Multiple bedrooms and bathrooms across 16 bedrooms and 8 bathrooms total

    Overview

    This four-family residential property includes two stories of living space plus a finished basement. The building is described as being in good condition. It is being delivered vacant, providing flexibility for an end user or for an investor planning on new tenancy.

    The property is located in the Sunset Park area of Brooklyn, near restaurants, supermarkets, and shops. Public transportation options include the D line subway and nearby bus service, supporting convenient access for future residents.

    From a tenant and operator standpoint, the four-unit configuration can support multiple household needs under one ownership structure. With vacant delivery and existing interior space that includes a finished basement, the property may fit buyers looking for a straightforward multi-family hold where the next steps can be planned with minimal delay.

    Local Financial Insights For Multifamily LT 5

    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 $165.9k $51.00
    − Vacancy −$3.2k −$0.97
    EGI $162.7k $50.03
    − OpEx −$48.8k −$15.01
    NOI $113.9k $35.02
    3,252 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,891 @ 7.0% cap · market cap 5.70%
    Second Best
    Apartment 5plus
    $1.42M
    $1.24M – $1.65M (±1% cap)
    NOI $99,280 @ 7.0% cap · market cap 4.97%
    Theoretical Best
    Specialty Retail
    $2.69M
    $2.36M – $3.14M (±1% cap)
    NOI $188,486 @ 7.0% cap · market cap 9.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.996342
    Latitude
    40.64642

    FAQs

    What type of property is this?
    Quadplex - Four-unit property featuring two stories of living space and a finished basement, delivered vacant and ready for occupancy planning.
    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 $1,999,000.
    What are key features of this property?
    This property features: 4‑family brick building built in 1931; 2 stories of living space plus a finished basement; Flat roof
    More about this property
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