Brooklyn Multifamily Investment
1536 68th Street Brooklyn, NY 11219
1536 68th Street, Brooklyn, NY, 11219
$2,100,000
For Sale
$2,100,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$500
Days on Market540
Property Features for 1536 68th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 13
- Bathrooms
- 5
- Rooms
- Bedroom 8, Bedroom 5, Bedroom 9, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 12, Bedroom 10, Bedroom 13, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 11, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 3
- Basement
- Unfinished
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19816
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency
Ben Bay Realty Co
(718) 680-6442
8304 13th Ave, Brooklyn, NY
Listed by
Phoebe F. Burger · License #PFB1940
(718) 680-6442
Added: Jan 23, 2025 Checked: Jul 17 at 4:06 pm
MLS# 488802
Listing URL
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.
This is a semi-detached, five-family brick building in Brooklyn, New York. The building is in very good condition and measures 20x70 feet on a 25x80 foot lot, which is approximately 0.0459 acres. The property has a total size of 4,200 square feet. It is zoned R5. The building generates an annual rental income of $180,000. The property is located near the D and N trains, making it accessible. It is suitable for investment purposes and will be delivered vacant.
Key Highlights
- Brick semi‑detached 5‑family building, 20x70, on a 25x80 lot
- Annual rental income reported at $180,000
- 20th‑century construction: built in 1931
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.6k | $49.20 |
| − Vacancy | −$8.7k | −$2.07 |
| EGI | $198.0k | $47.13 |
| − OpEx | −$89.1k | −$21.21 |
| NOI | $108.9k | $25.92 |
4,200 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,879 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,593 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit building in Brooklyn, generating $180,000 annual income.
Where is this apartment building located?
The property is located at 1536 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Brick semi‑detached 5‑family building, 20x70, on a 25x80 lot; Annual rental income reported at $180,000; 20th‑century construction: built in 1931
