89 Luquer St, Brooklyn, NY, 11231
About This Home
For Income & Expenses set up please reach out. 4.5% cap rate Outstanding investment opportunity in the heart of Carroll Gardens. This well-maintained 8-family residential building offers approximately 5,000 square feet on a 25’ x 100’ lot and is located in an R6B zoning district with a FAR of 3, providing approximately 2,500 square feet of additional buildable area for future upside (buyer to verify). Built in 1900, the property features 3 rent-stabilized apartments, with the remaining units offering attractive long-term income potential. The building has been meticulously maintained, and the apartments are in good condition, making it an ideal asset for both seasoned investors and long-term holders. Annual property taxes are approximately $15,324, contributing to a favorable operating profile. Situated in one of Brooklyn’s most desirable neighborhoods, the property enjoys a prime Carroll Gardens location with convenient access to Red Hook and Park Slope. Just moments from the F and G subway lines, commuting to Manhattan is quick and convenient. Combining stable income, development potential, and an exceptional location, 89 Luquer Street represents a rare opportunity to acquire a quality multifamily asset in a highly sought-after market.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Type & Style
- Home type: SingleFamily
- Property subType: Rental Unit
Interior
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Interior Area
- Total structure area: 5,000
- Total interior livable area: 5,000 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,697 | $212,364 |
| Home Insurance * | $573 | $6,876 |
| Property Taxes | $1,633 | $19,596 |
| Electricity | $826 | $9,915 |
| Total | $20,729 | $248,748 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Listed for sale | $3,500,000 |
| 2020-08-29 | Listing removed | $2,250 |
| 2020-08-19 | Listed for rent | $2,250 |
For Sale by Agent
View on Zillow