Six-Unit Brick
For Sale
$1,880,000
Pending
527 49th St, Brooklyn, NY 11220
Well-maintained six-unit brick building with three-bedroom layouts, hardwood and tile floors, and a finished basement with separate exit.
Property Size4,875 SF
Days on Market133
Property Features for 527 49th St
General Information
Standard status
Pending
Size
4,875 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,205
Building Details
Building Size
4,875 SF
Year Built
1905
Stories
2
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(718) 680-2776
Source:
Elliman
Added: Apr 28
Changed: Sep 3
Last Checked: Sep 6 at 6:03AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This well-maintained six-unit brick multifamily property is situated on a 20 x 100 lot with a 25 x 65 building footprint. The building is configured as six separate residences, each featuring 3 bedrooms and 1 full bath. Interior finishes include hardwood and tile flooring, and the layout provides natural light throughout the units.
The first floor includes convenient access to a backyard. A finished basement offers additional functional space, including large playrooms and ample storage, with a high ceiling. The basement also has a separate exit to the street and backyard.
Located in Brooklyn’s Sunset Park area, the property is served by strong walkability and transit options, with scores of 94 for Walk, 69 for Bike, and 78 for Transit, reflecting convenient day-to-day access.
The first floor includes convenient access to a backyard. A finished basement offers additional functional space, including large playrooms and ample storage, with a high ceiling. The basement also has a separate exit to the street and backyard.
Located in Brooklyn’s Sunset Park area, the property is served by strong walkability and transit options, with scores of 94 for Walk, 69 for Bike, and 78 for Transit, reflecting convenient day-to-day access.
Key Highlights
- Well‑maintained six‑unit brick building built in 1905 in Brooklyn’s Sunset Park neighborhood
- 20x100 lot with a 25x65 building size
- Each unit features 3 bedrooms and 1 full bath
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
$130,000
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
6.91%
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%
$2,600,000
$2.6M
Cap Rate 7%
$1,857,143
$1.9M
Cap Rate 9%
$1,444,444
$1.4M
Market Conditions
NOI Build-Up for 4,875 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
$245.7K $50.40/SF
− Vacancy
−$9.3K −$1.92/SF
EGI
$236.4K $48.48/SF
− OpEx
−$106.4K −$21.82/SF
NOI
$130.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
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%
$2,600,000
Cap Rate 7%
$1,857,143
Cap Rate 9%
$1,444,444
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,000 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,224 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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?
Apartment building - Well-maintained six-unit brick building with three-bedroom layouts, hardwood and tile floors, and a finished basement with separate exit.
Where is this apartment building located?
The property is located at 527 49th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Well‑maintained six‑unit brick building built in 1905 in Brooklyn’s Sunset Park neighborhood; 20x100 lot with a 25x65 building size; Each unit features 3 bedrooms and 1 full bath
