Brooklyn Multifamily Investment
651 Barbey Street Brooklyn, NY 11207
For Sale
$1,199,000
MULTI_FAMILY - Brooklyn, NY
Property Size6,150 SF
Lot Size0.06 Acres
Price / SF$194.96
Days on Market131
Property Features for 651 Barbey Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Rooms
- Basement
- Basement
- Full
- Standard status
- Active
- APN
- 04077-0008
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11161
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Brick
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
James Y. Chung · License #10301214776
(917) 727-5652
Added: Mar 16
Changed: Jun 12
Last Checked: Jul 24 at 12:06AM
MLS# 972287
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Investment Insights
Based on property information with market context.
This oversized six-family building in Brooklyn, New York, offers approximately 6,150 square feet of living space with spacious apartment layouts. The property features four large 2-bedroom units and two 3-bedroom units, providing strong rental appeal and stable income potential. The building is configured with 7 electric meters and 6 gas meters, allowing for separate utilities. Recent improvements include a new boiler and hot water heater, and the roof was replaced approximately six years ago. The property is conveniently located near public transportation, neighborhood shopping, and local amenities, making it attractive for long-term tenants. The property is currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate. This multifamily property is zoned R5 and sits on a lot of approximately 0.06 acres.
Key Highlights
- Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.
- Six‑family building with spacious layouts featuring four 2‑bedroom units and two 3‑bedroom units.
- Recent improvements: new boiler and hot water heater; roof replaced approximately six years ago.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Spacious six-family building with strong rental appeal and stable income.
Where is this apartment building located?
The property is located at 651 Barbey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.; Six‑family building with spacious layouts featuring **four 2‑bedroom units and two 3‑bedroom units**.; Recent improvements: **new boiler and hot water heater**; roof replaced approximately six years ago.
