Sunset Park Multifamily Investment
5502 6th Avenue Brooklyn, NY 11220
5502 6th Avenue, Brooklyn, NY, 11220
$1,600,000
For Sale
$1,600,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,642 SF
Lot Size0.04 Acres
Price / SF$439.32
Days on Market238
Property Features for 5502 6th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6A
- Bedrooms
- 11
- Bathrooms
- 10
- Rooms
- Bedroom 10, Bedroom 3, Bedroom 11, Bathroom 2, Bathroom 9, Bathroom 6, Bathroom 4, Bathroom 5, Bathroom 8, Bathroom 1, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 9, Bedroom 4, Bathroom 7, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 10
- Parking features
- Carport
- Basement
- Finished
- Standard status
- Active
- Size
- 3,642 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21404
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 10
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency
Ben Bay Realty Co
(718) 680-6442
8304 13th Ave, Brooklyn, NY
Listed by
Phoebe F. Burger · License #PFB1940
(718) 680-6442
Added: Nov 21, 2025 Checked: Jul 17 at 4:06 pm
MLS# 497538
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.
Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, this multifamily property features ten units. The building dimensions are 20 feet by 65 feet, situated on a 20-foot by 80-foot lot. Zoned R6A, the property includes one parking space. The building has a total area of 3,642 square feet and sits on a lot of approximately 0.037 acres. The property is positioned in close proximity to trains, shopping, and restaurants. There is potential to deliver three vacant units. The property offers significant potential for various uses.
Key Highlights
- Corner 10‑family building with R6A zoning
- Building dimensions 20x65 and lot size 20x80
- Year built 1931 with brick construction
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 | $183.6k | $50.40 |
| − Vacancy | −$7.0k | −$1.92 |
| EGI | $176.6k | $48.48 |
| − OpEx | −$79.5k | −$21.82 |
| NOI | $97.1k | $26.67 |
3,642 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,120 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,271 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Ten-unit building in prime Sunset Park location with development potential.
Where is this apartment building located?
The property is located at 5502 6th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Corner 10‑family building with R6A zoning; Building dimensions 20x65 and lot size 20x80; Year built 1931 with brick construction
