Brooklyn Multifamily Investment
719 41st Street, Brooklyn, NY 11232
MULTI_FAMILY - Brooklyn, NY
Property size:
4,620 SFLot size:
0.06 AcresPrice / SF:
$424/SF- Added:
- Mar 24, 2025
- Days on Market:
- 432
- Last Refresh:
- May 29 at 12:06 pm
Property Features for 719 41st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bedroom 12, Bedroom 6, Bedroom 5, Bedroom 11, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 1, Bedroom 10, Bedroom 8
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- 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 (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
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.
HighLights
- High Cap Rate: Over 6% return on investment.
- Free Market Status: All 3 units are free market.
- Prime Location: Situated in the desirable 8th Ave Sunset Park area.
- Solid Brick Construction: A durable and well‑maintained 6‑family building.
- Finished Basement: Includes a fully finished basement with a separate front entrance.
- Diverse Unit Mix: Features a mix of 1, 2, and 3‑bedroom apartments.
Overview
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.
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
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
NOI $267,775 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Jordy
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.999844
- Latitude
- 40.647271
Nearby Similar for Sale
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: High Cap Rate: Over 6% return on investment.; Free Market Status: All 3 units are free market.; Prime Location: Situated in the desirable 8th Ave Sunset Park area.
