6-Bedroom Multifamily
For Sale
$990,000
903 LIVONIA Avenue, Brooklyn, NY 11207
Two eat-in kitchens provide separate meal-preparation areas within the home.
Property Size2,090 SF
Price / SF$473.68
Days on Market8
Property Features for 903 LIVONIA Avenue
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,624
Amenities
Street Parking
Building Details
Building Size
2,090 SF
Year Built
1901
Construction
Colonial
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Carlinwright
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 11:12PM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This two-family Colonial-style home offers 2,090 square feet with six bedrooms, two full bathrooms, and two eat-in kitchens. Built in 1901, the property also has street parking.
Located at 903 Livonia Avenue in Brooklyn, the home is configured with residential space across two kitchens and six bedrooms.
Located at 903 Livonia Avenue in Brooklyn, the home is configured with residential space across two kitchens and six bedrooms.
Key Highlights
- Six bedrooms and two full bathrooms
- Two eat‑in kitchens
- 2,090 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,806
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,120
$1.3M
Cap Rate 7%
$911,514
$911.5K
Cap Rate 9%
$708,956
$709.0K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$118.4K $56.64/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$116.0K $55.51/SF
− OpEx
−$52.2K −$24.98/SF
NOI
$63.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,120
Cap Rate 7%
$911,514
Cap Rate 9%
$708,956
Alternative Uses
Best Use
Apartment 5plus
$911.5K
$797.6K – $1.06M
NOI $63,806 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,136 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two eat-in kitchens provide separate meal-preparation areas within the home.
Where is this multifamily property located?
The property is located at 903 LIVONIA Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Six bedrooms and two full bathrooms; Two eat‑in kitchens; 2,090 square feet
