Six-Unit Apartment
For Sale
$1,750,000
1436 66th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size4,020 SF
Lot Size0.05 Acres
Price / SF$435.32
Days on Market38
Property Features for 1436 66th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Dyker Heights
Standard status
Active
Size
4,020 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11176
Building Details
Year built
1920
Floors in Building
3
Number of units
6
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Jul 18
Changed: Aug 4
Last Checked: Aug 24 at 6:06PM
MLS# 503127
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Apartment building configured with five one-bedroom apartments and one studio apartment. Three apartments are expected to be delivered vacant at closing, subject to the terms of the contract, giving a new owner flexibility to renovate, upgrade, and re-lease. Interior finishes include tile and hardwood flooring, with in-unit amenities listed as a refrigerator and stove.
The property sits on a 0.0459-acre lot and includes 4,020 square feet of building area. Constructed with brick exterior materials and a rubber roof, with a year built of 1920.
Located in Brooklyn’s Dyker Heights area, the property is described as being near subway transportation and everyday neighborhood services including supermarkets, restaurants, delis, shopping, schools, and essential services, supporting ongoing rental demand.
The property sits on a 0.0459-acre lot and includes 4,020 square feet of building area. Constructed with brick exterior materials and a rubber roof, with a year built of 1920.
Located in Brooklyn’s Dyker Heights area, the property is described as being near subway transportation and everyday neighborhood services including supermarkets, restaurants, delis, shopping, schools, and essential services, supporting ongoing rental demand.
Key Highlights
- Five one‑bedroom apartments plus one studio unit layout
- Three apartments expected vacant at closing, subject to contract terms
- 0.0459‑acre lot with 4,020 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,084,240
$2.1M
Cap Rate 7%
$1,488,743
$1.5M
Cap Rate 9%
$1,157,911
$1.2M
Market Conditions
NOI Build-Up for 4,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$197.8K $49.20/SF
− Vacancy
−$8.3K −$2.07/SF
EGI
$189.5K $47.13/SF
− OpEx
−$85.3K −$21.21/SF
NOI
$104.2K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,084,240
Cap Rate 7%
$1,488,743
Cap Rate 9%
$1,157,911
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,212 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,424 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick apartment building with five one-bedroom apartments and one studio, built in 1920.
Where is this apartment building located?
The property is located at 1436 66th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five one‑bedroom apartments plus one studio unit layout; Three apartments expected vacant at closing, subject to contract terms; 0.0459‑acre lot with 4,020 square feet
