Brooklyn Multifamily Property for
289A Monroe St Brooklyn, NY 11216
For Sale
Contact for pricing
Six apartments, each with two bedrooms and one bathroom.
Property Size3,900 SF
Lot Size0.05 Acres
Price / SF$384.62
Days on Market690
Property Features for 289A Monroe St
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: Sep 3, 2024
Changed: Jul 10
Last Checked: Jul 23 at 1:01PM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
This multifamily property is located between Marcy Avenue and Tompkins Avenue in Bedford-Stuyvesant, Brooklyn. The building contains six apartments, each featuring two bedrooms and one bathroom. Constructed with dimensions of 20 ft x 65 ft, the property provides approximately 3,900 square feet of space. The lot size is 20 ft x 100 ft. The property is within walking distance of the A & C subway lines.
Key Highlights
- Six apartments, each featuring 2 bedrooms and 1 bathroom.
- Located in Bedford‑Stuyvesant, Brooklyn.
- Walking distance to the A & C subway lines.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.9k | $56.64 |
| − Vacancy | −$4.4k | −$1.13 |
| EGI | $216.5k | $55.51 |
| − OpEx | −$97.4k | −$24.98 |
| NOI | $119.1k | $30.53 |
3,900 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $119,063 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,044 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six apartments, each with two bedrooms and one bathroom.
Where is this apartment building located?
The property is located at 289A Monroe St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six apartments, each featuring 2 bedrooms and 1 bathroom.; Located in Bedford‑Stuyvesant, Brooklyn.; Walking distance to the A & C subway lines.
