Brick Four-Family Quadplex with Private
For Sale
$2,980,000
872 41st Street, Brooklyn, NY 11232
MULTI_FAMILY - Brooklyn, NY
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$677.27
Days on Market530
Property Features for 872 41st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 11, Bedroom 10, Bedroom 13, Bathroom 5, Bedroom 2, Bathroom 6, Bedroom 8, Bedroom 12, Bedroom 15, Bedroom 6, Bedroom 14, Bathroom 1, Bedroom 16, Bedroom 7, Bedroom 3, Bathroom 7, Bedroom 1, Bathroom 4, Bathroom 8, Bedroom 5, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
4,400 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9681
Amenities
private parking
Building Details
Year built
1945
Floors in Building
4
Number of units
4
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Mar 13, 2025
Changed: Aug 15
Last Checked: Aug 24 at 4:06PM
MLS# 489992
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.
Investment Insights
Based on property information with market context.
This R6-zoned brick semi-detached four-family quadplex includes a 4-story building measuring 20x55 and a semi-finished basement. The property contains four apartments, each laid out as 4 bedrooms and 2 bathrooms, and the interior includes refrigerator and stove features. Tile flooring is noted throughout, with a flat roof and brick construction.
Private front parking is available on-site. The first and third floors will be delivered vacant, offering flexibility for investors or owner-occupants while supporting current income potential.
Built in 1945, the property sits on a 0.046-acre lot and is listed with 4,400 square feet of property size.
Private front parking is available on-site. The first and third floors will be delivered vacant, offering flexibility for investors or owner-occupants while supporting current income potential.
Built in 1945, the property sits on a 0.046-acre lot and is listed with 4,400 square feet of property size.
Key Highlights
- Four 4‑bedroom, 2‑bath apartments in a brick semi‑detached quadplex
- 4‑story building measuring 20x55 with flat roof
- Private front parking plus semi‑finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - R6-zoned brick four-family quadplex with private front parking and four 4-bedroom, 2-bath apartments, plus semi-finished basement.
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 4‑bedroom, 2‑bath apartments in a brick semi‑detached quadplex; 4‑story building measuring 20x55 with flat roof; Private front parking plus semi‑finished basement
