Six-Family Apartment Building with Rent Stabilized
For Sale
$1,299,999
5411 4th Avenue, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size1,625 SF
Lot Size0.05 Acres
Price / SF$799
Days on Market554
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 16, Bathroom 3, Bathroom 2, Bedroom 17, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 10, Bedroom 11, Bedroom 2, Bedroom 6, Bedroom 9, Bedroom 15, Bathroom 1, Bedroom 18, Bedroom 13, Bedroom 4, Bedroom 14, Bedroom 5, Bedroom 12, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7
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
(718) 612-3088
Added: Jan 25, 2025
Changed: Jul 31
Last Checked: Aug 2 at 11:06PM
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.
Six-family apartment building offering rent-stabilized units. Constructed in 1931, the property is described as containing approximately 4,551 square feet of living space on a lot of approximately 2,000 square feet (about 0.0459 acres). The building is positioned to provide stable income through its current rent-stabilized configuration.
Zoned R7A and C2-4 with a stated FAR of 4, the property is presented as having commercial conversion possibilities within the existing zoning districts. The neighborhood is Sunset Park in Brooklyn, with retail, shops, and restaurants along 4th, 5th, and 8th Avenues described nearby. The remarks also note proximity to multiple R & N subway stations and bus stops for commutes beyond the immediate area.
The offering is presented with a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher.
Zoned R7A and C2-4 with a stated FAR of 4, the property is presented as having commercial conversion possibilities within the existing zoning districts. The neighborhood is Sunset Park in Brooklyn, with retail, shops, and restaurants along 4th, 5th, and 8th Avenues described nearby. The remarks also note proximity to multiple R & N subway stations and bus stops for commutes beyond the immediate area.
The offering is presented with a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher.
Key Highlights
- Six‑family apartment building with rent‑stabilized units
- Constructed in 1931
- Approximately 4,551 square feet of living space
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 | $81.9k | $50.40 |
| − Vacancy | −$3.1k | −$1.92 |
| EGI | $78.8k | $48.48 |
| − OpEx | −$35.5k | −$21.82 |
| NOI | $43.3k | $26.67 |
1,625 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$619.0K
$541.7K – $722.2K
NOI $43,333 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,741 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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-family, rent-stabilized apartment building zoned R7A and C2-4 with FAR 4.
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 $1,299,999.
What are key features of this property?
This property features: Six‑family apartment building with rent‑stabilized units; Constructed in 1931; Approximately 4,551 square feet of living space
