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    Luxury Brooklyn Multi-Unit Building Title is generated by Realmo AI

    20 OLIVER STREET, Brooklyn, NY 11209

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    Claim this Listing
    For Sale
    $3,500,000

    Multi-Unit (5+) - BROOKLYN, NY

    Property size:
    8,175 SF
    Price / SF:
    $428/SF
    Added:
    Mar 1, 2026
    Days on Market:
    102
    Last Refresh:
    Jun 11 at 12:06 am

    Property Features for 20 OLIVER STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    7
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Parking features
    Garage
    Interior features
    Intercom
    Exterior features
    Balcony
    Basement Y/N
    1
    Standard status
    Active
    Size
    8,175 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    61425

    Utilities

    Heating system
    Natural Gas

    Building Details

    Floors in Building
    7
    Roof type
    Flat
    Architectural style
    Other

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    Listing Contact
    Stephen Petses

    Listing agent Stephen Petses

    Listing office PETSES REALTY CO LLC 8608 3RD AVE, BROOKLYN, NY

    Listing date Mar 1, 2026

    MLS# 11663329 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location steps from Brooklyn's Shore Road.
    • Opportunity for condominium conversion and individual unit sale.
    • Each apartment occupies an entire floor with direct elevator access.
    • Front and rear balconies for each apartment.
    • Full‑feature kitchens with granite counters and high‑end appliances.
    • Modern construction luxury building with individual climate control.

    Overview

    This modern construction luxury building is located steps from Brooklyn's Shore Road. The seven-story building contains 7 residential apartments, including 1 one-bedroom apartment and 6 two-bedroom apartments, each with front and rear balconies. A unique feature is direct apartment access through elevator entry. The non-combustible building area measures 8,175 square feet. The residential units control climate individually. The full-feature kitchens include granite counters, ebony cabinets, high-end refrigerators, stoves, dishwashers, and built-in microwaves. The cellar level holds mechanical rooms, a disposal room, and a laundry room. This residential rental income property is located in a highly desirable area with the additional opportunity for possible condominium conversion and individual unit sale.

    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 $463.0k $56.64
    − Vacancy −$9.3k −$1.13
    EGI $453.8k $55.51
    − OpEx −$204.2k −$24.98
    NOI $249.6k $30.53
    8,175 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.57M
    $3.12M – $4.16M (±1% cap)
    NOI $249,574 @ 7.0% cap · market cap 7.13%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $6.77M
    $5.92M – $7.90M (±1% cap)
    NOI $473,823 @ 7.0% cap · market cap 13.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.039165
    Latitude
    40.619297

    FAQs

    What type of property is this?
    Apartment building - Modern 7-unit building near Shore Road with condo conversion potential.
    Where is this apartment building located?
    The property is located at 20 OLIVER STREET Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime location steps from Brooklyn's Shore Road.; Opportunity for condominium conversion and individual unit sale.; Each apartment occupies an entire floor with direct elevator access.
    More about this property
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