Renovated Multifamily Building in
264 67th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
5,082 SFLot size:
0.05 AcresPrice / SF:
$432/SF- Added:
- Feb 18, 2025
- Days on Market:
- 488
- Last Refresh:
- Jun 21 at 6:06 pm
Property Features for 264 67th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 9, Bedroom 7, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 12, Bedroom 13, Bedroom 11, Bedroom 10, Bathroom 3
- Interior features
- A/C Unit - Wall, Dishwasher, Laundry Area, Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 5,082 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17368
Building Details
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood, Ceramic
- Building materials
- Block, Brick
- Roof type
- Rubber
Listing agent Boris Tansky (718) 376-9300
Listing office Maximillion Realty, Inc. 101 Avenue U, Brooklyn, NY (718) 376-9300
Listing date Feb 18, 2025
MLS# 489316
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
- Six‑family building with 5 two‑bedroom apartments and 1 three‑bedroom apartment
- All units were renovated top to bottom, including modern kitchens and bathrooms, built‑in closets, skylights, and exposed brick walls
- Tenants pay for their own heat, gas, and electricity with six separate meters for water, electricity, and gas
- Brand new plumbing and electrical work, including brand new fuse boxes; each unit has washer/dryer hookups
- Interior features include wall A/C units, dishwasher, refrigerator, and stove; flooring includes hardwood and ceramic
- Construction materials include block and brick with a rubber roof; yearly taxes are $17,368
Overview
This is a renovated six-family building located in the Bay Ridge area of Brooklyn. The building contains five 2-bedroom apartments and one 3-bedroom apartment. All units have been renovated with stainless steel appliances, modern kitchens, hardwood floors, modern bathrooms, built-in closets, skylights, and exposed brick walls, and offer natural light. The first-floor units include basement and backyard access. Each unit is equipped with washer and dryer hookups. Tenants are responsible for their own heat, gas, and electricity, with six separate meters for water, electricity, and gas. New plumbing and electrical work has been completed, including new fuse boxes. The property is near parks, stores, schools, and recreation centers. The lot size is 0.0459 acres, and the property size is 5082 square feet. Yearly taxes are $17,368.
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 | $256.1k | $50.40 |
| − Vacancy | −$9.7k | −$1.92 |
| EGI | $246.4k | $48.48 |
| − OpEx | −$110.9k | −$21.82 |
| NOI | $135.5k | $26.67 |
5,082 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,520 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,617 @ 7.0% cap · market cap 10.49%
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
- -74.025949
- Latitude
- 40.637897
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit building with modern renovations in prime Bay Ridge.
Where is this apartment building located?
The property is located at 264 67th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Six‑family building with 5 two‑bedroom apartments and 1 three‑bedroom apartment; All units were renovated top to bottom, including modern kitchens and bathrooms, built‑in closets, skylights, and exposed brick walls; Tenants pay for their own heat, gas, and electricity with six separate meters for water, electricity, and gas
