Back to Search

Brooklyn Multifamily Investment Opportunity

651 Barbey St, Brooklyn, NY 11207

View on Map

For Sale

$1,199,000

Spacious 6-unit building with strong income potential in Brooklyn.

Type:Investment

Property size:

6,150 SF

Price / SF:

$194/SF

HighLights

Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.
Six‑family building with spacious apartment layouts: four 2‑bedroom units and two 3‑bedroom units.
Excellent transit score (76) and convenient access to public transportation, shopping, and amenities.
Recent improvements: new boiler and hot water heater.
Separate utilities with 7 electric meters and 6 gas meters.
Roof replaced approximately six years ago.

We can help!

Listing Contact

James Chung

Learn more

For Sale

$1,199,000

Spacious 6-unit building with strong income potential in Brooklyn.

Type:Investment

Property size:

6,150 SF

Price / SF:

$194/SF

Added:: Apr 24, 2026
Days on Market:: 57
Last Refresh:: Apr 24 at 3:08 pm

Property Features for 651 Barbey St

General Information

Standard status: Active
Size: 6,150 SF
Property subtype: Investment

Building Details

Year Built: 1930

We can help!

Listing Contact

James Chung

Listing agent James Chung License #10301214776

Listing office Douglas Elliman Real Estate

Listing date Apr 24, 2026

Source Elliman

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 Douglas Elliman Real Estate

HighLights

Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.
Six‑family building with spacious apartment layouts: four 2‑bedroom units and two 3‑bedroom units.
Excellent transit score (76) and convenient access to public transportation, shopping, and amenities.
Recent improvements: new boiler and hot water heater.
Separate utilities with 7 electric meters and 6 gas meters.
Roof replaced approximately six years ago.

Overview

This is an oversized six-family building featuring approximately 6,150 square feet of living space with spacious apartment layouts. The property includes four 2-bedroom units and two 3-bedroom units. 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. The location has a bike score of 64, making it bikeable, a walk score of 59, indicating it is somewhat walkable, and a transit score of 76, reflecting excellent transit options. The property is currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate at the asking price. This property is located in Brooklyn, NY.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.885644
Latitude: 40.666523

Nearby Similar for Sale

$1,390,000

3,239 SF

First-Floor and Cellar Commercial Condo

Modern 2017 mixed-use condo with flexible space for office, medical, fitness, or community uses.

832 40th Street, Brooklyn, NY 11232

View Details
$900,000

29,171 SF

Corner Medical Suite with Private Entrance

Ground-floor corner suite zoned for ambulatory or diagnostic care, with waiting area, exam room, and private entry.

531 5th Street, Brooklyn, NY 11215

View Details
$999,000

15,000 SF

Turn-Key Supermarket Business Opportunity

Thriving supermarket business for sale in prime Gravesend location.

53-65 Quentin Road, Brooklyn, NY 11223

View Details
$999,000

8,820 SF

Established Supermarket Business For Sale

High-volume supermarket in Bensonhurst/Gravesend with excellent street exposure.

65 Quentin Road, Brooklyn, NY 11223

View Details
$7,200,000

23,400 SF

Brooklyn Mixed-Use Investment Opportunity

Mixed-use property in Brownsville with diverse income streams.

340 Junius Street, Brooklyn, NY 11212

View Details
$1,200,000

3,822 SF

Incomplete Renovation Church Conversion

In-progress renovation offers flexible space for offices, warehouse, retail, manufacturing, or religious use.

2769 Stillwell Avenue, Brooklyn, NY 11224

View Details
$2,190,000

3,500 SF

Luxury Atelier & Designer Showroom

Turnkey, two-story luxury atelier in Sunset Park, Brooklyn.

821 39th Street, Brooklyn, NY 11232

View Details
$1,799,000

3,158 SF

Prime Kings Highway Commercial Unit

Spacious commercial unit in a high-traffic Brooklyn location.

366 Kings Highway, Brooklyn, NY 11223

View Details
$1,700,000

3,000 SF

Automotive Repair Facility

Operating automotive repair and service facility with street access and a layout suited to maintenance, detailing, and related services.

4201 Glenwood Road, Brooklyn, NY 11210

View Details
$5,390,000

6,970 SF

Prime Corner Commercial Brooklyn Building

Highly visible corner commercial property on 7th Avenue, Brooklyn.

5301 7th Avenue, Brooklyn, NY 11220

View Details
$1,698,000

1,846 SF

Medical Condo in Bensonhurst, Brooklyn

Medical condo with equipment, patient database, and revenue potential.

7620 Bay Parkway, Brooklyn, NY 11214

View Details
$2,980,000

7,311 SF

Multi-Tenant Office Building with Elevator

Built in 1996 and fully leased to five commercial tenants with multiple entrances and independent HVAC systems.

8510 Bay 16th Street, Brooklyn, NY 11214

View Details

For sale
Apartment buildings
NY
Brooklyn
11207
651 Barbey St

What type of property is this?

Apartment building - Spacious 6-unit building with strong income potential in Brooklyn.

Where is this apartment building located?

The property is located at 651 Barbey St 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 apartment layouts: **four 2‑bedroom units and two 3‑bedroom units**.; **Excellent transit score (76)** and convenient access to public transportation, shopping, and amenities.

651 Barbey St, Brooklyn, NY 11207

Spacious 6-unit building with strong income potential in Brooklyn.

Property Features for 651 Barbey St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

First-Floor and Cellar Commercial Condo

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Incomplete Renovation Church Conversion

Luxury Atelier & Designer Showroom

Prime Kings Highway Commercial Unit

Automotive Repair Facility

Prime Corner Commercial Brooklyn Building

Medical Condo in Bensonhurst, Brooklyn

Multi-Tenant Office Building with Elevator

FAQs

Create New Password