229 65th St, Brooklyn, NY 11220
Multi-Unit, Walk-up - Brooklyn, NY
- Added:
- Jan 6, 2026
- Days on Market:
- 155
- Last Refresh:
- Jun 10 at 2:06 pm
Property Features for 229 65th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 100
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
- Parking features
- Garage
- Basement Y/N
- 1
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10911
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1911
- Year renovated
- 1911
- Floors in Building
- 3
- Flooring type
- Hardwood, Laminate, Tile
- Building materials
- Brick
- Architectural style
- Other
Listing agent Vito Angelo (718) 887-5708
Listing office REMAX REAL ESTATE PROFESSIONALS 6423 11th AVE, BROOKLYN, NY (718) 887-5708
Listing date Jan 6, 2026
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
- Solid brick, semi‑detached 5‑family mixed‑use building.
- High rental income potential from 5 apartments and a storefront/office space.
- Two (3) bedroom apartments and three (2) bedroom apartments provide diverse tenant options.
- Two private garages and a shared driveway offer parking or additional rental income.
- Located in a desirable Sunset Park/Bay Ridge border location.
- Full basement with separate entrance adds potential for additional use.
Overview
Local Financial Insights For Mixed Use
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 | $172.8k | $48.00 |
| − Vacancy | −$13.8k | −$3.84 |
| EGI | $159.0k | $44.16 |
| − OpEx | −$59.6k | −$16.56 |
| NOI | $99.4k | $27.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.02477
- Latitude
- 40.640327
