Two-Building Apartment
New
For Sale
$2,495,000
530 50th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size7,140 SF
Lot Size0.06 Acres
Price / SF$349.44
Days on Market3
Property Features for 530 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 1, Bathroom 7, Bathroom 5, Bathroom 8, Bathroom 4, Bathroom 6, Bathroom 3, Bathroom 2, Bathroom 9
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
7,140 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
36527
Building Details
Year built
1921
Floors in Building
4
Number of units
9
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Jenny A. Khin
(718) 382-0001
Added: Sep 10
Last Checked: Sep 12 at 6:06AM
MLS# 504438
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.
Investment Insights
Based on property information with market context.
This offering combines two multifamily buildings at 528 50th Street and 530 50th Street in Brooklyn, sold together through simultaneous contracts rather than as separate assets. Each building contains 9 apartments and includes rent-stabilized and rent-controlled units. The properties are identified as an income-producing residential portfolio and may be considered by 1031 exchange buyers.
Both buildings were constructed in 1921 and use brick construction, hardwood flooring, and flat roofs. Each property has 10 individual gas meters and 10 individual electric meters, providing separate utility metering for the building's apartments. The portfolio is located in Brooklyn, NY 11220 and is zoned R6B.
Both buildings were constructed in 1921 and use brick construction, hardwood flooring, and flat roofs. Each property has 10 individual gas meters and 10 individual electric meters, providing separate utility metering for the building's apartments. The portfolio is located in Brooklyn, NY 11220 and is zoned R6B.
Key Highlights
- Two‑building package at 528 50th Street and 530 50th Street, Brooklyn, NY 11220
- Each building includes 9 apartments
- Rent‑stabilized and rent‑controlled units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$190,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,808,000
$3.8M
Cap Rate 7%
$2,720,000
$2.7M
Cap Rate 9%
$2,115,556
$2.1M
Market Conditions
NOI Build-Up for 7,140 SF
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.
Gross rent
$359.9K $50.40/SF
− Vacancy
−$13.7K −$1.92/SF
EGI
$346.2K $48.48/SF
− OpEx
−$155.8K −$21.82/SF
NOI
$190.4K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,808,000
Cap Rate 7%
$2,720,000
Cap Rate 9%
$2,115,556
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,400 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,007 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
6,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Paired Brooklyn rental buildings with rent-stabilized and rent-controlled apartments, separate utility metering, and R6B zoning.
Where is this apartment building located?
The property is located at 530 50th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Two‑building package at 528 50th Street and 530 50th Street, Brooklyn, NY 11220; Each building includes 9 apartments; Rent‑stabilized and rent‑controlled units
