Four-Unit Multifamily
For Sale
Contact for pricing
992 Broadway, Brooklyn, NY 11221
For sale four-unit multifamily property at 992 Broadway in Brooklyn, NY.
Property Size8,271 SF
Price / SF$568.25
Days on Market117
Property Features for 992 Broadway
General Information
Standard status
Active
Size
8,271 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
C4-4L
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$334,577
Additional Details
Multifamily Units
4
Building Details
Buildings
2
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
David Caba · License #10401387541
(646) 802-0548
Source:
Crexi
Added: Jun 17
Changed: Oct 9
Last Checked: Oct 11 at 5:55AM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of four residential units, offered as a 4-unit investment asset. The building is identified as a quadplex and is presented as a residential income property.
The property is located at 992 Broadway in Brooklyn, New York 11221. The offering is framed for investors or owner-operators seeking a small, manageable multifamily portfolio component.
With four units in place, the asset may appeal to buyers looking for rental income through a compact multifamily structure. Prospective purchasers can evaluate unit configuration, current operating details, and rent and expense considerations during their due diligence, using the building’s four-unit setup as the basis for planning and underwriting.
The property is located at 992 Broadway in Brooklyn, New York 11221. The offering is framed for investors or owner-operators seeking a small, manageable multifamily portfolio component.
With four units in place, the asset may appeal to buyers looking for rental income through a compact multifamily structure. Prospective purchasers can evaluate unit configuration, current operating details, and rent and expense considerations during their due diligence, using the building’s four-unit setup as the basis for planning and underwriting.
Key Highlights
- Four‑unit multifamily property for sale at 992 Broadway, Brooklyn, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,664
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,793,280
$5.8M
Cap Rate 7%
$4,138,057
$4.1M
Cap Rate 9%
$3,218,489
$3.2M
Market Conditions
NOI Build-Up for 8,271 SF
Gross rent
$421.8K $51.00/SF
− Vacancy
−$8.0K −$0.97/SF
EGI
$413.8K $50.03/SF
− OpEx
−$124.1K −$15.01/SF
NOI
$289.7K $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%
$5,793,280
Cap Rate 7%
$4,138,057
Cap Rate 9%
$3,218,489
Alternative Uses
Best Use
Multifamily LT 5
$4.14M
$3.62M – $4.83M
NOI $289,664 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$3.61M
$3.16M – $4.21M
NOI $252,505 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$6.85M
$5.99M – $7.99M
NOI $479,387 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - For sale four-unit multifamily property at 992 Broadway in Brooklyn, NY.
Where is this quadplex located?
The property is located at 992 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Four‑unit multifamily property for sale at 992 Broadway, Brooklyn, NY
