4-Unit Multifamily
New
For Sale
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97 North 7th Street, Brooklyn, NY 11249
Four-unit multifamily property built in 1910 with 3,774 SF at 97 North 7th Street.
Property Size3,774 SF
Price / SF$1,191
Days on Market4
Property Features for 97 North 7th Street
General Information
Standard status
Active
Size
3,774 SF
Property subtype
Multifamily
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Mike Salvatico · License #10301216098
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 9:36AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This 4-unit multifamily building offers an income-producing residential layout within a total building size of 3,774 SF. The property was built in 1910, providing a historic foundation for a multi-tenant residential setup.
Located at 97 North 7th Street in Brooklyn, NY, the building’s street address supports straightforward neighborhood access for tenants and visitors. Its compact overall footprint can appeal to ownership structures seeking a smaller-scale multifamily asset.
Ideal for buyers looking for a four-unit residential income property, the asset’s configuration and build year offer a clear starting point for evaluating current condition and future tenancy planning.
Located at 97 North 7th Street in Brooklyn, NY, the building’s street address supports straightforward neighborhood access for tenants and visitors. Its compact overall footprint can appeal to ownership structures seeking a smaller-scale multifamily asset.
Ideal for buyers looking for a four-unit residential income property, the asset’s configuration and build year offer a clear starting point for evaluating current condition and future tenancy planning.
Key Highlights
- 4‑unit multifamily building
- Total size: 3,774 SF
- Year built: 1910
Financial Insights For Multifamily LT 5
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 | $192.5k | $51.00 |
| − Vacancy | −$3.7k | −$0.97 |
| EGI | $188.8k | $50.03 |
| − OpEx | −$56.6k | −$15.01 |
| NOI | $132.2k | $35.02 |
3,774 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.65M – $2.20M
NOI $132,172 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,216 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$3.12M
$2.73M – $3.65M
NOI $218,741 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 11249, NY
42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
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 - Four-unit multifamily property built in 1910 with 3,774 SF at 97 North 7th Street.
Where is this quadplex located?
The property is located at 97 North 7th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: 4‑unit multifamily building; Total size: 3,774 SF; Year built: 1910
