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170 31st Street, Brooklyn, NY 11232

Brooklyn
Local realty services provided by:CENTURY 21 Awaye Realty
170 31st Street,Brooklyn, NY 11232
$4,800,000
  • 20 Beds
  • 20 Baths
  • 18,000 sq. ft.
  • Multi-family
  • Active
Listed by: ian mednick, paul j hyun, daniella guetta
Office: compass
MLS#:RLS20124057
Source:NY_REBNY

Price summary

  • Price:$4,800,000
  • Price per sq. ft.:$266.67

About this home

170 31st Street is a four-story brick mixed-use building on the corner of 4th Avenue and 31st Street. It has 18,000 square feet, 19 apartments and four ground-floor storefronts, and it’s being offered for the first time in many years. The corner location gives the building frontage on two streets. The four storefronts face busy 4th Avenue and bring in $15,300 a month, about a third of gross income. The retail leases expire at staggered dates from 2027 through 2035, and one has built-in annual increases. Upstairs, 19 rent-stabilized apartments provide steady, dependable income, and rents can rise within legal limits as leases renew. Gas is individually metered and the electric is separately metered. The building also has its original decorative brickwork, and the R train is a few blocks away at both 25th Street and 36th Street. Gross income is $546,322 a year. The building is offered at a 6.32% cap rate (stabilized) and a 8.79× gross rent multiple, which works out to $267 per square...

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Home facts

  • Year built:1916
  • Subdivision & Development:Greenwood Heights
  • Listing ID #:RLS20124057
  • Added:1 day(s) ago
  • Updated:November 04, 2026 at 06:42 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:20
  • Full bathrooms:20
  • Rooms Total:40
  • Living area:18,000 sq. ft.

Structure and exterior

  • Year built:1916
  • Building area:18,000 sq. ft.

Finances and disclosures

  • Price:$4,800,000
  • Price per sq. ft.:$266.67
  • Tax amount:$81,180
MLS LogoThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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