Six-Family Brick Apartment
For Sale
$1,425,000
1253 70th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size3,780 SF
Lot Size0.07 Acres
Price / SF$376.98
Days on Market419
Property Features for 1253 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 5, Bathroom 3, Bedroom 9, Bathroom 2, Bathroom 1
Interior features
Refrigerator, Stove
Subdivision
Bensonhurst
Standard status
Active
Size
3,780 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
19823
Building Details
Year built
1920
Number of units
6
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
Re/Max Real Estate Professiona
Listed By:
Li Juan (Lili) Li
(718) 872-5522
Added: Sep 9, 2025
Changed: Oct 30
Last Checked: Nov 1 at 8:06PM
MLS# 495620
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.
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Investment Insights
Based on property information with market context.
This three-story brick apartment building contains six families within 3,780 square feet. The property includes 9 bedrooms, 6 bathrooms, two heating zones, and a large two-car garage accessed by a wide shared driveway. Interior features include refrigerators and stoves, with tile and hardwood flooring throughout the apartments. The building was constructed in 1920 and has a shingle roof on a 0.0689-acre lot.
Located on 70th Street in Brooklyn, the property is near 13th Avenue, a shopping area, bus stops, and N and D train stations. Two apartments may be delivered vacant if needed, while two tenants are expected to leave in 2 or 3 years. R5B zoning supports the property's multifamily classification.
Located on 70th Street in Brooklyn, the property is near 13th Avenue, a shopping area, bus stops, and N and D train stations. Two apartments may be delivered vacant if needed, while two tenants are expected to leave in 2 or 3 years. R5B zoning supports the property's multifamily classification.
Key Highlights
- Six‑family brick apartment building with 3,780 square feet
- 9 bedrooms, 6 bathrooms, and two heating zones
- Large two‑car garage with a wide shared driveway
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.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with a two-car garage, shared driveway, and potential for two vacant apartments.
Where is this apartment building located?
The property is located at 1253 70th Street 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 apartment building with 3,780 square feet; 9 bedrooms, 6 bathrooms, and two heating zones; Large two‑car garage with a wide shared driveway
