Brooklyn Multifamily Investment
273 62nd Street Brooklyn, NY 11220
For Sale
$1,100,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,480 SF
Lot Size0.05 Acres
Price / SF$743.24
Days on Market64
Property Features for 273 62nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
6
Rooms
Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 3
Basement
Full, Finished
Standard status
Active
Size
1,480 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
13500
Building Details
Number of units
6
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Jadestone Development Realty
(718) 676-6606
Listed By:
Lai King (Jackie) Li
(718) 676-6606
Added: May 25
Changed: Jul 11
Last Checked: Jul 27 at 11:06AM
MLS# 501766
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Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, this three-story brick building offers an investment opportunity. The property contains six apartments and features a finished basement. The building dimensions are 20x74 feet, situated on a 20x100 foot lot. The location provides convenient access to 8th Avenue, public transportation, a subway station, and Staten Island. The gross annual income exceeds $79,000. The property is being sold "As Is" and presents potential for long-term value appreciation and income generation due to strong demand in the area.
Key Highlights
- 6‑family brick building in Sunset Park, Brooklyn, NY with 3 stories and 6 apartments
- Lot size 20x100 with building size 20x74
- Finished basement
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 | $74.6k | $50.40 |
| − Vacancy | −$2.8k | −$1.92 |
| EGI | $71.8k | $48.48 |
| − OpEx | −$32.3k | −$21.82 |
| NOI | $39.5k | $26.67 |
1,480 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$563.8K
$493.3K – $657.8K
NOI $39,467 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.4K
$839.5K – $1.12M
NOI $67,161 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit building in Sunset Park with income potential.
Where is this apartment building located?
The property is located at 273 62nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6‑family brick building in Sunset Park, Brooklyn, NY with 3 stories and 6 apartments; Lot size 20x100 with building size 20x74; Finished basement
