Six-Unit Rent-Stabilized Apartment
For Sale
$1,250,000
5411 4th Avenue, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size1,625 SF
Lot Size0.05 Acres
Price / SF$769.23
Days on Market600
Property Features for 5411 4th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7A, C2-4
Bedrooms
18
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 17, Bathroom 1, Bedroom 2, Bedroom 14, Bedroom 15, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 13, Bedroom 6, Bathroom 6, Bathroom 4, Bedroom 4, Bedroom 10, Bedroom 16, Bedroom 1, Bedroom 18, Bathroom 2, Bedroom 12
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
1,625 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
14863
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu
(917) 967-5966
Added: Jan 25, 2025
Changed: Sep 16
Last Checked: Sep 17 at 5:06PM
MLS# 488822
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 six-family apartment property contains rent-stabilized units in a building constructed in 1931. The parcel measures 2,000 square feet, and the property carries a current capitalization rate of 5.7%. Zoning is designated R7A and C2-4, with a Floor Area Ratio of 4.
The property is located at 5411 4th Avenue in Brooklyn’s Sunset Park neighborhood. Retail stores, shops, and restaurants line nearby 4th, 5th, and 8th Avenues. Multiple R and N subway stations and bus stops are situated minutes away, providing transit connections to Manhattan and other areas.
The property is located at 5411 4th Avenue in Brooklyn’s Sunset Park neighborhood. Retail stores, shops, and restaurants line nearby 4th, 5th, and 8th Avenues. Multiple R and N subway stations and bus stops are situated minutes away, providing transit connections to Manhattan and other areas.
Key Highlights
- Six‑family apartment property with rent‑stabilized units
- Constructed in 1931 on a 2,000 square foot lot
- Current capitalization rate of 5.7%
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
$43,333
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
3.47%
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%
$866,660
$866.7K
Cap Rate 7%
$619,043
$619.0K
Cap Rate 9%
$481,478
$481.5K
Market Conditions
NOI Build-Up for 1,625 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
$81.9K $50.40/SF
− Vacancy
−$3.1K −$1.92/SF
EGI
$78.8K $48.48/SF
− OpEx
−$35.5K −$21.82/SF
NOI
$43.3K $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%
$866,660
Cap Rate 7%
$619,043
Cap Rate 9%
$481,478
Alternative Uses
Best Use
Apartment 5plus
$619.0K
$541.7K – $722.2K
NOI $43,333 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,741 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
6,087
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units occupy a 1931 building within R7A and C2-4 zoning districts.
Where is this apartment building located?
The property is located at 5411 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six‑family apartment property with rent‑stabilized units; Constructed in 1931 on a 2,000 square foot lot; Current capitalization rate of 5.7%
