Renovated 5-Family Brooklyn
1569 70th Street, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property size:
4,680 SFLot size:
0.05 AcresPrice / SF:
$529/SF- Added:
- Dec 24, 2025
- Days on Market:
- 156
- Last Refresh:
- May 29 at 12:06 pm
Property Features for 1569 70th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 4,680 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20607
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Dec 24, 2025
MLS# 498014
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.
HighLights
- Fully renovated 5‑family free‑market building in desirable Dyker Heights.
- All units are vacant, offering immediate income potential or flexible use.
- Separate utilities for each apartment (tenants pay cooking gas and electric).
- Turn‑key, move‑in‑ready condition.
- Unit configuration: 3BR duplex (2 baths), 3BR/1 bath, and three 2BR/1 bath apartments.
- 5 individual boilers and heating systems, minimizing landlord responsibilities.
Overview
This is a 5-family free-market rental property located in Dyker Heights, Brooklyn. The building has been fully renovated and is in move-in-ready condition. The property has a lot size of 0.0459 acres and a property size of 4680 square feet. Each apartment has separate utilities, with tenants responsible for their own cooking gas and electric. There are 5 individual boilers and heating systems, fully separate for each unit. The landlord's responsibilities are limited to water, taxes, and insurance. The unit configuration includes 1 three-bedroom duplex with 2 full bathrooms, 1 three-bedroom/1-bath apartment, and 3 two-bedroom/1-bath apartments. All units are vacant, offering immediate income potential or flexible use. The zoning is R5.
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 | $265.1k | $56.64 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $259.8k | $55.51 |
| − OpEx | −$116.9k | −$24.98 |
| NOI | $142.9k | $30.53 |
4,680 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,876 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.39M – $4.52M
NOI $271,253 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.998135
- Latitude
- 40.619562
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key, free-market investment property in prime Brooklyn location.
Where is this apartment building located?
The property is located at 1569 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: Fully renovated 5‑family free‑market building in desirable Dyker Heights.; All units are vacant, offering immediate income potential or flexible use.; Separate utilities for each apartment (tenants pay cooking gas and electric).
