4-Unit Multifamily
97 North 7th Street, Brooklyn, NY 11249
For Sale
Contact for pricing
Four-unit multifamily property built in 1910 with 3,774 SF at 97 North 7th Street.
Property Size3,774 SF
Price / SF$1,126
Days on Market107
Property Features for 97 North 7th Street
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Mike Salvatico · License NY #10301216098
(718) 475-4358
Source:
Crexi
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 8 at 6:08AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$132,172
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,440
$2.6M
Cap Rate 7%
$1,888,171
$1.9M
Cap Rate 9%
$1,468,578
$1.5M
Market Conditions
NOI Build-Up for 3,774 SF
Gross rent
$192.5K $51.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$188.8K $50.03/SF
− OpEx
−$56.6K −$15.01/SF
NOI
$132.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,440
Cap Rate 7%
$1,888,171
Cap Rate 9%
$1,468,578
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.65M – $2.20M
NOI $132,172 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,216 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$3.12M
$2.73M – $3.65M
NOI $218,741 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,161
Businesses Nearby
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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
$1,326,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
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 $4,250,000.
What are key features of this property?
This property features: 4‑unit multifamily building; Total size: 3,774 SF; Year built: 1910
