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Brooklyn Multifamily Investment Opportunity

719 41st Street Brooklyn, NY 11232

Claim this Listing
For Sale
$1,960,000

MULTI_FAMILY - Brooklyn, NY

Property size:
4,620 SF
Lot size:
0.06 Acres
Price / SF:
$424.24/SF
Added:
Mar 24, 2025
Days on Market:
477
Last Refresh:
Jul 13 at 7:06 pm

Property Features for 719 41st Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
12
Bathrooms
6
Rooms
Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 9, Bedroom 10, Bedroom 11, Bedroom 12, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished, Full
Standard status
Active
Size
4,620 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
16827

Building Details

Year built
1926
Floors in Building
3
Number of units
6
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat

Listing agent Hang (Tyler) Chen

Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

Listing date Mar 24, 2025

MLS# 490274 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.

This is a semi-detached, solid brick six-family building located in Sunset Park, Brooklyn. The property is in excellent condition and includes a fully finished basement with a separate front entrance. The unit mix comprises one one-bedroom apartment, four two-bedroom apartments, and one three-bedroom apartment. The building is situated just minutes from shopping and transit on 8th Avenue. The property is zoned R6B. The lot size is 0.0575 acres, and the property size is 4,620 square feet. This property is an investment opportunity in a desirable Brooklyn neighborhood.

Key Highlights

  • Semi‑detached solid brick 6‑family building with fully finished basement
  • Unit mix: 1 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom apartments
  • Separate front entrance for the fully finished basement

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 $261.7k $56.64
− Vacancy −$5.2k −$1.13
EGI $256.4k $55.51
− OpEx −$115.4k −$24.98
NOI $141.0k $30.53
4,620 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M (±1% cap)
NOI $141,044 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.46M (±1% cap)
NOI $267,775 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Jordy Hotel & Motel

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Skin Care Clinic Acupuncture Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-unit building in Sunset Park, Brooklyn. Excellent condition.
Where is this apartment building located?
The property is located at 719 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: Semi‑detached solid brick 6‑family building with fully finished basement; Unit mix: 1 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom apartments; Separate front entrance for the fully finished basement
Contact an agent
More about this property
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