Brooklyn Multifamily Investment
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321 Milford St, Brooklyn, NY 11208
Legal 4-family property with high CAP rate and strong income.
Property Size3,184 SF
Lot Size0.08 Acres
Days on Market1514
Property Features for 321 Milford St
General Information
Standard status
Active
Size
3,184 SF
Lot size
0.08 Acres
Property subtype
Mixed Use
Zoning
R5
Investment Type
Owner/User
Building Details
Year Built
1025
Buildings
1
Stories
2
Units
4
Listing Agency:
BROOKLYN REAL PROPERTY INC
(718) 713-6888
Listed By:
Jean Paul Ho · License #JPH8888
Source:
Crexi
Added: Jul 11, 2022
Changed: Aug 7
Last Checked: Jul 17 at 1:17PM
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 BROOKLYN REAL PROPERTY INC
Investment Insights
Based on property information with market context.
This is a semi-attached, solid brick, legal 4-family property located in Brooklyn. The building features two 3-bedroom apartments and two 2-bedroom apartments, each with a large living room and an open-plan modern kitchen. The building has undergone extensive renovations, including new plumbing, a new gas line, and updated electrical systems throughout. A new gas boiler with a 75-gallon hot water tank has been installed, along with a new rubberized roof. The property offers 3,184 square feet of living space within a building that measures 26 feet wide and 72 feet deep. The full basement features high ceilings, ceramic tile flooring, multiple windows, and two entrances. Situated on a 36 x 100 lot with R5 zoning and a private drive, the property has 1,332 of unused FAR. The property is occupied by tenants at market value, generating a high capitalization rate. The location provides convenient access to the A and C trains, as well as various bus lines and shopping options. The property generates an annual income of $139,800 with expenses of $15,282, resulting in a net operating income of $124,518 and a CAP rate of 8.03%.
Key Highlights
- High CAP Rate (8.03%) and Net Operating Income ($124,518) indicating strong investment potential.
- Legal 4‑family solid brick building with two 3‑bedroom and two 2‑bedroom apartments.
- Fully renovated with new plumbing, gas line, electric, gas boiler, and rubberized roof.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Legal 4-family property with high CAP rate and strong income.
Where is this quadplex located?
The property is located at 321 Milford St Brooklyn, NY.
What are key features of this property?
This property features: High CAP Rate (8.03%) and Net Operating Income ($124,518) indicating strong investment potential.; Legal 4‑family solid brick building with two 3‑bedroom and two 2‑bedroom apartments.; Fully renovated with new plumbing, gas line, electric, gas boiler, and rubberized roof.**
