Building Details

Building Size 4,200 SF

Year Built 1920

Stories 3

Listing Agency: RE/MAX Edge

Listed By: XiaoMei(May) He · License #10401313430 Show Phone

Source: Elliman

Added: Mar 10 Changed: Sep 23 Last Checked: Oct 5 at 7:43PM

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Investment Insights

Based on property information with market context.

Located in the Dyker Heights neighborhood of Brooklyn, this is a well-maintained, all-brick, three-story residential building constructed in 1920. The property offers a total of 4,200 square feet of living space on a 1,600 square foot lot. The building features 5 two-bedroom apartments and 1 one-bedroom apartment, all currently occupied by paying tenants. Each unit has separate utilities. The property is in good condition, featuring a newer roof and a brand-new boiler. The property is situated near public schools such as P.S. 176 Ovington and I.S. 187 The Christa McAuliffe School, as well as various local shops and dining options. It is zoned R6B, allowing for residential development with a moderate floor area ratio. This property presents a solid investment opportunity in a desirable Brooklyn neighborhood, offering stable retail income and potential for long-term appreciation.

Key Highlights

• Solid investment opportunity in desirable Dyker Heights, Brooklyn.
• Six‑family building with stable rental income from all units.
• Newer roof and brand‑new boiler ensure reliable services and reduced maintenance.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,879

Cap Rate

7.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,177,580 $2.2M

Cap Rate 7%

$1,555,414 $1.6M

Cap Rate 9%

$1,209,767 $1.2M

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$206.6K $49.20/SF

− Vacancy

−$8.7K −$2.07/SF

EGI

$198.0K $47.13/SF

− OpEx

−$89.1K −$21.21/SF

NOI

$108.9K $25.92/SF

Area

ZIP 11219

Vacancy

4.20%

Lease Rate

$49.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,177,580

Cap Rate 7%

$1,555,414

Cap Rate 9%

$1,209,767

Alternative Uses

Best Use

Apartment 5plus

$1.56M

$1.36M – $1.81M (±1% cap)

NOI $108,879 @ 7.0% cap · market cap 7.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.72M

$2.38M – $3.18M (±1% cap)

NOI $190,593 @ 7.0% cap · market cap 12.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Shine Barber Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,405

Businesses Nearby

Explore this area Business Placement

Demographics for 11219, NY

103,447

Population

27,973

Households

3.7

Avg Household Size

27

Median Age

21%

College-Educated

70%

High-School Grad

1.5 sq mi

ZIP Area

68,965

Density / Sq Mi

$55,685

Median Household Income

$30,647

Median Earnings

$1,678

Median Rent

$1,086,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Six-unit residential building in Dyker Heights, Brooklyn. Stable income.

Where is this apartment building located?

The property is located at 6609 13th Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,530,000.

What are key features of this property?

This property features: Solid investment opportunity in desirable Dyker Heights, Brooklyn.; Six‑family building with stable rental income from all units.; Newer roof and brand‑new boiler ensure reliable services and reduced maintenance.