Multifamily Property for Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11216

Description

411 Greene Avenue is a legal four-family property that will be delivered vacant at closing. It's positioned at the border of Clinton Hill and Bedford-Stuyvesant. The asset presents a true blank-slate opportunity in one of Brooklyn’s most active value-add corridors, ideally suited for an investor or end user seeking to fully reimagine the building without tenant complications or regulatory constraints. From a valuation standpoint, single-family homes in the immediate area routinely achieve pricing north of $1,400 per square foot, while median condominium sales within a half-mile radius exceed $1,200 per square foot—supporting a clear path to value creation post-renovation. This offering represents a compelling opportunity to acquire a vacant four-family in a highly appreciating Brooklyn submarket. Investment Highlights: • 411 Greene Avenue, built in 1931, is a 5-unit multifamily asset, spanning 3 stories, approx. 3,700 SF. • Tax Class: 2A | Zoning: R6B, R7A, C2-4 | Delivered 100% Vacant • This property is in close proximity to the G, A and C subway lines.

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Brooklyn, NY — <a href="/search/sale/multifamily/new-york/brooklyn">view the full market</a>.

As of Q1 2025, the New York City Area multifamily market showed a 4.8% vacancy rate, and rents up 6.3% year over year. Source: CBRE Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the New York City Area multifamily market tightening or softening?
Vacancy is around 4.8%, with asking rents rising year over year (Q1 2025).

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