Sunset Park Four-Family
For Sale
$2,980,000
872 41st Street, Brooklyn, NY 11232
Four spacious apartments in prime Sunset Park location.
Property Size4,400 SF
Price / SF$677.27
Days on Market559
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Property Features for 872 41st Street
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,681
Building Details
Year Built
1945
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Exitrealty
Added: Apr 5, 2025
Changed: Oct 4
Last Checked: Oct 12 at 6:56PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This brick, semi-detached, four-family home is located in Sunset Park. The four-story building measures 20x55 and contains four apartments, each with four bedrooms and two bathrooms. The property includes private front parking and a semi-finished basement. The first and third floors will be delivered vacant. This property is an investment opportunity with strong rental income and long-term value.
Key Highlights
- Four spacious 4‑bedroom, 2‑bath apartments.
- Two units (1st and 3rd floors) delivered vacant, providing flexibility for investors or owner‑occupants.
- Strong rental income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,095
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,081,900
$3.1M
Cap Rate 7%
$2,201,357
$2.2M
Cap Rate 9%
$1,712,167
$1.7M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$224.4K $51.00/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$220.1K $50.03/SF
− OpEx
−$66.0K −$15.01/SF
NOI
$154.1K $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%
$3,081,900
Cap Rate 7%
$2,201,357
Cap Rate 9%
$1,712,167
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,095 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,327 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
5,549
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
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?
Quadplex - Four spacious apartments in prime Sunset Park location.
Where is this quadplex located?
The property is located at 872 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Four spacious 4‑bedroom, 2‑bath apartments.; Two units (1st and 3rd floors) delivered vacant, providing flexibility for investors or owner‑occupants.; Strong rental income potential.
