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318 Bond St 4 Unit Apartment Building $2,749,997 ($687,499/Unit) 3.80% Cap Rate Brooklyn, NY 11231
Executive Summary
Two adjacent 4-family buildings totaling 8 units
The buildings may be purchased separately or as a package, offering scale in a neighborhood with limited multifamily inventory.
In-place NOI:
316 Bond: $90,788
318 Bond: $104,468
R6B zoning (2.0 FAR) with long-term upside through extensions or reconfiguration
One vacant unit at 318 Bond presents immediate lease-up opportunity
Attractive unit features including patios, backyards, W/D in select units
Exceptionally strong transportation access: F/G at Carroll Street & Union St — approx. 0.24 miles (PropertyShark maps)
Situated in a thriving corridor near Smith Street, Carroll Gardens, Whole Foods, and the Gowanus rezoning zone
Consistent, stable ownership — same owner since 1988
1% commission to buyers broker.
The buildings may be purchased separately or as a package, offering scale in a neighborhood with limited multifamily inventory.
In-place NOI:
316 Bond: $90,788
318 Bond: $104,468
R6B zoning (2.0 FAR) with long-term upside through extensions or reconfiguration
One vacant unit at 318 Bond presents immediate lease-up opportunity
Attractive unit features including patios, backyards, W/D in select units
Exceptionally strong transportation access: F/G at Carroll Street & Union St — approx. 0.24 miles (PropertyShark maps)
Situated in a thriving corridor near Smith Street, Carroll Gardens, Whole Foods, and the Gowanus rezoning zone
Consistent, stable ownership — same owner since 1988
1% commission to buyers broker.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,749,997 | Apartment Style | Mid-Rise |
| Price Per Unit | $687,499 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 3.80% | Building Size | 2,880 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R6B - A medium-density, contextual residential zone designed to preserve the character of traditional neighborhoods, often featuring brownstones and 4-5 story multifamily buildings with stoops. | ||
| Price | $2,749,997 |
| Price Per Unit | $687,499 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 2,880 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R6B - A medium-density, contextual residential zone designed to preserve the character of traditional neighborhoods, often featuring brownstones and 4-5 story multifamily buildings with stoops. |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 00437-0037 | Total Assessment | $613,350 |
| Land Assessment | $112,950 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $500,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
00437-0037
Land Assessment
$112,950
Improvements Assessment
$500,400
Total Assessment
$613,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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318 Bond St
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