4-Family Brick
For Sale
$3,700,000
856 42nd Street, Brooklyn, NY 11232
Residential, Duplex, Brooklyn, NY
Property Size3,198 SF
Lot Size0.06 Acres
Price / SF$1,156
Days on Market143
Property Features for 856 42nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4
Interior features
A/C Unit - Window, Refrigerator, Stove, Window Treatments
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
3,198 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
15295
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Real Broker NY LLC
Listed By:
Patricia J. Caltabiano
(718) 256-4000
Added: Jun 6
Changed: Oct 21
Last Checked: Oct 26 at 7:06PM
MLS# 502029
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.
This four-family residential property is a brick building constructed in 1920, offering 3,198 square feet on a 0.0575-acre lot. Apartment updates are complemented by a new boiler, water heater, and pipelines. Interior features include window air-conditioning units, refrigerators, stoves, window treatments, tile flooring, and hardwood flooring. The building has a flat rubber roof and four bathrooms.
Located at 856 42nd Street in Brooklyn, the property is near the Brooklyn waterfront, Industry City, and the D, N, and R subway lines. The R6 zoning designation and four-family configuration provide a clear multifamily property profile within the Sunset Park area.
Located at 856 42nd Street in Brooklyn, the property is near the Brooklyn waterfront, Industry City, and the D, N, and R subway lines. The R6 zoning designation and four-family configuration provide a clear multifamily property profile within the Sunset Park area.
Key Highlights
- Four‑family brick building at 856 42nd Street, Brooklyn, NY 11232
- 3,198 square feet on a 0.0575‑acre lot
- Constructed in 1920 with a flat rubber roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,999
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,980
$2.2M
Cap Rate 7%
$1,599,986
$1.6M
Cap Rate 9%
$1,244,433
$1.2M
Market Conditions
NOI Build-Up for 3,198 SF
Gross rent
$163.1K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.0K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.0K $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%
$2,239,980
Cap Rate 7%
$1,599,986
Cap Rate 9%
$1,244,433
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $111,999 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,356 @ 7.0% cap · market cap 5.01%
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
5,886
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated apartments, refreshed building systems, and access to neighborhood transit support multifamily use.
Where is this quadplex located?
The property is located at 856 42nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Four‑family brick building at 856 42nd Street, Brooklyn, NY 11232; 3,198 square feet on a 0.0575‑acre lot; Constructed in 1920 with a flat rubber roof
