Brooklyn Multifamily Property for
For Sale
$1,399,000
Pending
8884 17th Ave, Brooklyn, NY 11214
Multifamily property in Brooklyn available for purchase.
Property Size2,015 SF
Lot Size0.07 Acres
Days on Market335
Property Features for 8884 17th Ave
General Information
Standard status
Pending
Size
2,015 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,648
Building Details
Building Size
2,015 SF
Year Built
1955
Stories
3
Listing Agency:
Realty First Residential
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:28AM
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 Realty First Residential
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A multifamily property located at 8884 17th Ave, Brooklyn, New York 11214 is available for sale. The list price is $1,429,000.
Key Highlights
- YearBuilt: 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,256
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,120
$985.1K
Cap Rate 7%
$703,657
$703.7K
Cap Rate 9%
$547,289
$547.3K
Market Conditions
NOI Build-Up for 2,015 SF
Gross rent
$93.1K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.6K $44.44/SF
− OpEx
−$40.3K −$20.00/SF
NOI
$49.3K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,120
Cap Rate 7%
$703,657
Cap Rate 9%
$547,289
Alternative Uses
Best Use
Apartment 5plus
$703.7K
$615.7K – $820.9K
NOI $49,256 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,282 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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?
Multifamily property - Multifamily property in Brooklyn available for purchase.
Where is this multifamily property located?
The property is located at 8884 17th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: YearBuilt: 1955
