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    189 Woodpoint Rd Brooklyn, NY 11211

    Sponsored
    For Sale
    $3,550,000

    Four-unit, value-add multifamily investment

    Property size:
    3,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-unit apartment building, located at 189 Woodpoint Road in Brooklyn, NY 11211, presents a compelling investment opportunity. Built in 1999 and renovated in 2016, this Class A property boasts 3,952 square feet on a 2,231 square foot lot, zoned R6B. The building features a unique layout: a ground-floor two-bedroom duplex with two full bathrooms and a half-bath, offering access to a backyard

    Property Features for 189 Woodpoint Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,952 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1999/2016
    Buildings
    1
    Stories
    4
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9418938
    Latitude
    40.716303

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit, value-add multifamily investment
    Where is this multifamily property located?
    The property is located at 189 Woodpoint Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,550,000.
    Request Owner's contact information
    189 Woodpoint Rd Brooklyn, NY 11211
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    Brooklyn, NY 11211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    189 Woodpoint Rd Brooklyn, NY 11211
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