The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,200,000
487 E 93rd St
Brooklyn, NY, 11212
View more Brooklyn, NY property pagesStudioBeds
N/ABaths
N/ASqft
N/A$/sqft
Listing Notes
Legal 4 Family + Legal Basement investment Opportunity *% cap Rate INCREDIBLE INVESTMENT OPPORTUNITY!! PLEASE READ BELOW FOR NOI REPORT Legal 4 family with legal 3 bedroom basement for additional income Exceptional Four-Family Investment Property in East Flatbush "THIS PROPERTY IS "S IS " TENANTS WONT ALLOW ACCESS Discover an incredible investment opportunity with this well-maintained four-family property in the heart of East Flatbush, Brooklyn. Perfectly suited for investors looking to generate substantial rental income, this property offers a blend of modern amenities and classic charm in a prime location. Property Features: Four Family Units: This property features four spacious and independent family units, each with its own entrance, ensuring privacy and convenience for tenants. Legal Basement Unit: An additional legally finished basement unit adds a fifth income-generating residence, maximizing rental potential. Outdoor Space: A private backyard provides a perfect space for outdoor activities or relaxation. **Recent Upgrades: New Roof: A recently installed roof ensures long-term durability and reduced maintenance costs. New Boiler: A brand-new boiler enhances energy efficiency and ensures comfortable living conditions for tenants. Prime Location: Convenient Access: Located on a quiet, tree-lined street, yet close to major transportation routes, shopping, dining, and entertainment options. Community Amenities: Proximity to local schools, parks, and community centers adds to the appeal for tenants. Investment Highlights: Income Potential: With five fully separate units, this property is ideal for investors seeking robust rental income. Free market rentals: As a free market property, the owner has full control over setting rental rates, allowing for flexible and competitive pricing High Demand Area: East Flatbush is a sought-after neighborhood with a strong rental market, ensuring high occupancy rates and rental demand. INVESTMENT OPPORTUNITY ! 8 % CAP RATE ,BROWNSVILLE , FREE MARKET property in East Flatbush/BROWNSVILLE SECTION is a great investment... offering versatility, comfort, and an excellent location. It represents a prime investment opportunity with significant income potential. Don't miss out on this chance to enhance your real estate portfolio. PROPERTY DETAILS: TAXES $9457 - Multi-Family Property - Two-story walk-up - 5 Units - Lot Size: 30 * 100ft - Brand new boiler and plumbing throughout building Expenses: TAXES- $10,887 INSURANCE-$5,000 WATER-$3000 GAS-$3000 (HEAT & HOT WATER ) ELECTRIC-$1500 - Approximately $23,387 CURRENT RENT ROLL: - Apt 1F: $2,040 - Apt 1R: $2,417 - Apt 2F: $3,385 - Apt 2R: $2,387 Leases expire march 2026 current up to date rent roll is $122,748 annual ( without basement included - Basement: $2,500 performa currently vacant - Annual gross Rent Roll: $122,748 NET OPERATING INCOME AFTER EXPENSE $99,361
Market Insights
Market comparison pendingN/A
Comparable price-per-square-foot data is still developing for this home.
Nearby median$446/sqft
Nearby properties12
Property sizeN/A
- 12 nearby properties available for comparison.
- Price history is limited, so current comps matter more than trend alone.
- Square footage is missing, so valuation should lean more heavily on comps and condition.
Estimated Monthly Payment
Per month, all-in$7,887/mo
Assumes 20% down, 7.00% APR over 30 years. Tax and insurance are national-average estimates — your lender quote will differ.
- Principal & interest$6,387
- Property tax (est.)$1,100
- Home insurance (est.)$400
Property Read
Nearby inventory exists, but square-footage or price data is incomplete for a clean median comparison.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 29 days
- Last price change
- No change recorded
- Listed
- Apr 13, 2026
- Photos
- 7 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Apr 4, 2024 · $1,300,000
- Garage
- 1 space
Features & Amenities
Outdoor SpaceBasementGarage 1 Or MoreSingle StoryPrivate BackyardRental PropertyEfficientInvestment OpportunityNew RoofCenterDenParkMaintenanceShoppingFixer Upper
Photos
Building Facts
- Year built
- 1930
- Stories
- 2
- Total units
- 4
- Residential units
- 4
- Building area
- 3,440 sqft
- Lot size
- 3,001 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C3
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,200,000for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations186 open
79 class C (immediately hazardous)
ACRIS documents38
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)34,162
Top: noise - residential
Top complaint types in ZIP 11212
- Noise - Residential4,977
- HEAT/HOT WATER4,270
- UNSANITARY CONDITION2,178
- Noise - Street/Sidewalk2,011
- Illegal Parking2,008
Recent HPD
- May 6, 2026Class B · § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE REGROUT THE CERAMIC FLOOR TILES IN THE BATHROOM LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM...
- May 6, 2026Class B · § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE REGROUT THE CERAMIC WALL TILES AT WEST WALL IN THE BATHROOM LOCATED AT APT 1R, 1st STORY, 1st AP...
- May 6, 2026Class B · § 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE CEILING IN THE KITCHEN LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM NOR...
- May 6, 2026Class B · § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE CERAMIC FLOOR TILES IN THE KITCHEN LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM NORTH AT EAST
Recent Transfers (ACRIS)
- Apr 4, 2024DEED$1,300,000
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.