141 Albany Ave · New York, NY 11213

$3,000,000

80 bd · 64.0 ba · 7,500 sqft · MultiFamily public records · 73 Days on market

Built 1920 2,250 sqft lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +4.2/10.0
• Rent growth +4.0/5.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 8 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Exceptional investment opportunity in the highly desirable Crown Heights section of Brooklyn. This 8 family brownstone features a strong unit mix consisting of 3 spacious two bedroom apartments, 4 one bedroom units, and 1 studio apartment - ideal for generating consistent rental income. The property offers significant upside potential with the opportunity to increase rents and maximize returns over time. Well-positioned near parks, museums, popular restaurants, shopping, and public transportation, this location continues to attract strong tenant demand. A rare chance to acquire a multi-family asset in a thriving and steadily appreciating neighborhood. Do not disturb tenants. Call today for

Key facts

• Strong unit mix
• Near museums
• Near parks

Tags

• CROWN HEIGHTS SECTION
• 8 FAMILY BROWNSTONE
• STRONG UNIT MIX
• SIGNIFICANT UPSIDE POTENTIAL
• NEAR PARKS
• NEAR MUSEUMS

Property features AI

Finance

• Other: 8-unit building; Building footprint approximately 1,875 sq ft; Zoning: R6; Lot number 5
• Financial info: Rent income (2025): $128,532; Financing: Bank mortgage or cash

Exterior

• Parking: Street parking
• Utilities: Hot water: Gas; Electric: 220V with circuit breakers; Heat delivery: Steam/radiator
• Home design: Residential property; Flat roof; Slab concrete foundation; Building dimensions approximately 75.00 x 25.00
• Construction: Brick construction
• Exterior features: Back yard; Attached building; Brick exterior

Interior

• Bedrooms: 1 bedroom on level 1; 3 bedrooms on level 2; 3 bedrooms on level 3; 3 bedrooms on level 4
• Flooring: Hardwood floors; Tile floors
• Bathrooms: 8 full bathrooms total; 2 full bathrooms on level 1; 2 full bathrooms on level 2; 2 full bathrooms on level 3; 2 full bathrooms on level 4
• Heating & cooling: Steam/radiator heat; Gas heating fuel; 220V electric with circuit breakers
• Interior features: Window A/C units; Full basement; Hardwood floors; Tile floors

What this means for you Summary

Snapshot

• This is a 3×2bd/1ba + 5×1bd/1ba units multifamily listed at $3.00M.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive. Per door: $39/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $2.66M (11.2% below list).
• Recommended offer: $2.66M (11.2% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+6.0%/yr); 73 active listings in the ZIP; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $26,637/mo this rent would consume 491% of the median local household income ($65k/yr) (locally 6603% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $321k of equity ($21k loan paydown + $300k appreciation (10.0% local appreciation)).
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 6.0% rent growth), your $840k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$516k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($2.82M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $2,663,700 (11.2% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.42%
• Cash-on-cash: 0.44%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 5.95% rent growth · sell at horizon

5-year hold

• IRR: 25.6%
• Equity multiple: 3.07×
• Total profit: $1,735,478
• Equity at exit: $2,702,638

10-year hold

• IRR: 23.3%
• Equity multiple: 7.29×
• Total profit: $5,281,977
• Equity at exit: $5,828,340

Cash invested: $840,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11213

• Home prices YoY: 4.3%
• Rents YoY: 6.0%
• Active inventory: 73
• Price-to-rent: 70.9×

Monthly cashflow live

• Estimated rent: $26,637 high
• Mortgage (P&I): −$15,732
• Tax est. 1.5%: −$3,750 /mo · $45,000/yr
• Insurance: −$1,250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$5,594
• Net cashflow: $311

Break-even live

Break-even rent $26,243

Max offer price $3,000,000

Occupancy floor 94%

8-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$10,578
▸ 5× units	1	1	$16,060
Total (8 units)			$26,637

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $750,000
• Closing costs: $90,000
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $3,000,000 Active 73 DOM
2. 2026-06-17
   days on market $3,000,000 Active 72 DOM
3. 2026-06-15
   days on market $3,000,000 Active 70 DOM
4. 2026-06-13
   days on market $3,000,000 Active 68 DOM
5. 2026-06-10
   days on market $3,000,000 Active 64 DOM
6. 2026-06-08
   days on market $3,000,000 Active 63 DOM
7. 2026-06-08
   days on market $3,000,000 Active 62 DOM
8. 2026-06-04
   days on market $3,000,000 Active 59 DOM
9. 2026-06-03
   days on market $3,000,000 Active 58 DOM
10. 2026-06-01
    days on market $3,000,000 Active 56 DOM
11. 2026-05-31
    days on market $3,000,000 Active 55 DOM
12. 2026-04-06
    listed $3,000,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $319,644
• − Mortgage interest: −$168,047
• − Property taxes: −$45,000
• − Insurance: −$15,000
• − Repairs & maintenance: −$25,572
• − Management: −$25,572
• − Depreciation: −$87,273
• Taxable loss: −$46,818
• Est. tax savings @ 24.0%: +$11,236
• After-tax cash flow: $14,967/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 68,846
• Household income: $65,127
• Rent vs Own: 83.2% rent · 16.8% own
• Severe rent burden: 6603.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 56% White 23% Hispanic / Latino 13% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 4%
• Common ancestry: Hispanic 5% Scotch-Irish 2% Romanian 1%
• Foreign-born: 32% · Canada, Mexico, China
• Languages at home: 76% English-only · Spanish 9% French/Haitian/Cajun 6% German/W. Germanic 2%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 23.71%
• Current HPI: 577.3841
• Rent YoY: ▲ 5.95%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-04-06 Listed $3,000,000 BNYMLS

Property tax history

-30.9%/yr

Latest (2018): $171 · -3.0% YoY. Source: county tax records.