Sunset Park Multifamily Investment
For Sale
$1,960,000
719 41st Street, Brooklyn, NY 11232
Six-unit building in Sunset Park with finished basement.
Property Size4,620 SF
Price / SF$424.24
Days on Market576
Property Features for 719 41st Street
General Information
Standard status
Active
Size
4,620 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$16,827
Building Details
Building Size
4,620 SF
Year Built
1926
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Penrealty
Added: Mar 24, 2025
Changed: Oct 17
Last Checked: Oct 19 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tiger Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, this semi-detached, solid brick building features six units and a fully finished basement with a separate front entrance. The building is in excellent condition. The unit mix includes one one-bedroom apartment, four two-bedroom apartments, and one three-bedroom apartment. The property is situated minutes from shopping and transit on 8th Avenue. The property is a free market building.
Key Highlights
- High cap rate (over 6%)
- Free market status (3 units)
- Desirable Sunset Park location near 8th Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,044
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,820,880
$2.8M
Cap Rate 7%
$2,014,914
$2.0M
Cap Rate 9%
$1,567,156
$1.6M
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$261.7K $56.64/SF
− Vacancy
−$5.2K −$1.13/SF
EGI
$256.4K $55.51/SF
− OpEx
−$115.4K −$24.98/SF
NOI
$141.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,820,880
Cap Rate 7%
$2,014,914
Cap Rate 9%
$1,567,156
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit building in Sunset Park with finished basement.
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%); Free market status (3 units); Desirable Sunset Park location near 8th Avenue
