4-Unit Brick
For Sale
$2,980,000
872 41st Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size4,400 SF
Lot Size0.05 Acres
Price / SF$677.27
Days on Market576
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
Bathroom 6, Bathroom 7, Bedroom 9, Bedroom 12, Bathroom 8, Bedroom 14, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 10, Bedroom 13, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 16, Bedroom 1, Bedroom 15, Bedroom 11, Bedroom 2, Bedroom 6, Bathroom 5
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 front 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
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Mar 13, 2025
Changed: Sep 16
Last Checked: Oct 9 at 1:06PM
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 4,400-square-foot, four-story quadplex was built in 1945 with brick construction, a flat roof, tile flooring, and a semi-finished basement. The property contains four apartments, each with four bedrooms and two bathrooms, along with refrigerators and stoves. The building measures 20 by 55 feet and includes private front parking. The first- and third-floor apartments will be delivered vacant.
Located at 872 41st Street in Brooklyn, the property carries R6 zoning and sits on a 0.046-acre lot. Its configuration combines multiple residential units with existing parking, basement space, and two apartments available for immediate occupancy upon delivery.
Located at 872 41st Street in Brooklyn, the property carries R6 zoning and sits on a 0.046-acre lot. Its configuration combines multiple residential units with existing parking, basement space, and two apartments available for immediate occupancy upon delivery.
Key Highlights
- Four apartments, each with 4 bedrooms and 2 bathrooms
- 4,400‑square‑foot, four‑story building constructed in 1945
- Brick construction with a flat roof and tile flooring
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer four-bedroom layouts, with two apartments delivered vacant for added occupancy flexibility.
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 apartments, each with 4 bedrooms and 2 bathrooms; 4,400‑square‑foot, four‑story building constructed in 1945; Brick construction with a flat roof and tile flooring
