Oversized Brick Multi-Family
For Sale
$1,799,995
Pending
1410 W 6th St, Brooklyn, NY 11204
Solid brick building configured as three units with bright three-bedroom layouts, a separate entrance two-bedroom, and a full basement.
Property Size3,700 SF
Lot Size0.05 Acres
Days on Market47
Property Features for 1410 W 6th St
General Information
Standard status
Pending
Size
3,700 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,840
Building Details
Building Size
3,700 SF
Year Built
1950
Stories
3
Tenancy
Multi
Listing Agency:
Pride Estates
(718) 569-2888
Listed By:
Alice Lee
(718) 569-2888
Source:
Elliman
Added: Jul 11
Changed: Aug 23
Last Checked: Aug 25 at 8:34AM
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 Pride Estates
Investment Insights
Based on property information with market context.
Welcome to an oversized solid brick multi-family building at 1410 W 6th St, currently configured as three units. The property features two spacious three-bedroom units with identical layouts, each offering a bright living room, dining area with kitchen, two bathrooms (including a primary half bath), and natural light from eastern and western exposures. A separate two-bedroom unit includes its own separate entrance.
The full basement provides two open recreation rooms, a laundry area, half bath, utility room, and windows for natural light, along with direct access to the backyard. Outdoor space includes a private driveway, a one-car garage, and two balconies. Additional storage is available throughout.
Located just minutes from the Bay Parkway N train station and near the B6 bus, the building is positioned for convenient access to shopping, supermarkets, restaurants, schools, and the daily amenities along Bay Parkway and 86th Street.
The full basement provides two open recreation rooms, a laundry area, half bath, utility room, and windows for natural light, along with direct access to the backyard. Outdoor space includes a private driveway, a one-car garage, and two balconies. Additional storage is available throughout.
Located just minutes from the Bay Parkway N train station and near the B6 bus, the building is positioned for convenient access to shopping, supermarkets, restaurants, schools, and the daily amenities along Bay Parkway and 86th Street.
Key Highlights
- Oversized solid brick two‑family home with approx. 34' x 37' building size on a 34' x 60' lot
- Configured for 3 units: two spacious 3‑bedroom units with identical layouts and 2 bathrooms each
- Additional 2‑bedroom unit has its own separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,591,600
$2.6M
Cap Rate 7%
$1,851,143
$1.9M
Cap Rate 9%
$1,439,778
$1.4M
Market Conditions
NOI Build-Up for 3,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$188.7K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$185.1K $50.03/SF
− OpEx
−$55.5K −$15.01/SF
NOI
$129.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,591,600
Cap Rate 7%
$1,851,143
Cap Rate 9%
$1,439,778
Alternative Uses
Best Use
Multifamily LT 5
$1.85M
$1.62M – $2.16M
NOI $129,580 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,957 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,452 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Solid brick building configured as three units with bright three-bedroom layouts, a separate entrance two-bedroom, and a full basement.
Where is this triplex located?
The property is located at 1410 W 6th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,995.
What are key features of this property?
This property features: Oversized solid brick two‑family home with approx. 34' x 37' building size on a 34' x 60' lot; Configured for 3 units: two spacious 3‑bedroom units with identical layouts and 2 bathrooms each; Additional 2‑bedroom unit has its own separate entrance
