2064 63rd Street, Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
Property Features for 2064 63rd Street
General Information
Taxes and HOA fees
Building Details
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Investment Insights
Based on property information with market context.
Additional utilities support flexible management, including separate gas and electric utilities with three electric meters and two gas meters, along with a gas-fired heating boiler and separate hot water. The property is a brick building with a flat roof, hardwood and tile flooring, and a detached garage accessed via a rear community driveway. Set on a deep lot with multi-car parking, it offers expansion considerations including FAR 1.5 and over 3,500 sq ft buildable.
The home was built in 1915 and is presented for ownership or investment use.
Key Highlights
- R5 zoning on a 0.0851‑acre lot with deep lot and multi‑car parking
- Two‑family semi‑detached layout with first‑floor and second‑floor apartments plus full semi‑finished basement
- Basement has a separate front entrance, expansive family/recreation room, utility kitchen, and an additional bathroom
Financial Insights For Multifamily LT 5
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 | $81.6k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $80.0k | $50.03 |
| − OpEx | −$24.0k | −$15.01 |
| NOI | $56.0k | $35.02 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 11204, NY
Market
Vacancy Rate% for Multifamily in Northeast region