Six-Family Building in Dyker
For Sale
$1,425,000
1253 70th St, Brooklyn, NY 11228
Semi-detached brick building with garage near shopping and transit.
Property Size3,780 SF
Lot Size0.07 Acres
Price / SF$376.98
Days on Market238
Property Features for 1253 70th St
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$19,823
Building Details
Building Size
3,780 SF
Year Built
1920
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Li Juan (Lili) Li
(718) 872-5522
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Nov 1 at 5:56AM
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 RE/MAX Real Estate Professiona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This semi-detached, brick six-family building is located in Dyker Heights. The building features three floors with a total of 3780 square feet. The property includes nine bedrooms and six bathrooms. A wide shared driveway and a large two-car garage are included. The location is near 13th Avenue, a busy shopping area, bus stops, and the N and D train stations. One apartment can be delivered vacant, if needed. This property is suitable for investment or self-use.
Key Highlights
- Six‑family brick building in Dyker Heights - great for investment or owner occupancy
- Includes a wide shared driveway and a large two‑car garage
- Building size of 3780 sqft with 9 bedrooms and 6 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,399
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,307,980
$2.3M
Cap Rate 7%
$1,648,557
$1.6M
Cap Rate 9%
$1,282,211
$1.3M
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$214.1K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$209.8K $55.51/SF
− OpEx
−$94.4K −$24.98/SF
NOI
$115.4K $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%
$2,307,980
Cap Rate 7%
$1,648,557
Cap Rate 9%
$1,282,211
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,399 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,089 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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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 - Semi-detached brick building with garage near shopping and transit.
Where is this apartment building located?
The property is located at 1253 70th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Six‑family brick building in Dyker Heights - great for investment or owner occupancy; Includes a wide shared driveway and a large two‑car garage; Building size of 3780 sqft with 9 bedrooms and 6 bathrooms
