Legal Six-Family Brick
1312 66th Street Brooklyn, NY 11219
For Sale
$1,670,000
North-facing three-story legal six-family with four vacant two-bedroom units and two occupied units, all in Brooklyn.
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$397.62
Days on Market11
Property Features for 1312 66th Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing Agency:
EXP Realty
(917) 807-4088
Listed By:
Rong Xu Yu
(917) 807-4088
Source:
Cohenandcohenrealty
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 24 at 5:52PM
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 EXP Realty
Investment Insights
Based on property information with market context.
Offered for sale is a legal six-family, three-story northward-facing brick apartment building. The property includes five two-bedroom units and one one-bedroom unit. At present, four units are vacant and two units are occupied.
The building is situated on a 20-by-100 lot with a 20-by-70 footprint. The roof is reported to be in great condition, and the boiler is described as operating without issues, with a new water heater installed. The property is presented as having no HPD or DOB violations and no tenant issues.
For transportation access, the 62nd Street D train station is described as a close 5-minute walk. Annual taxes are listed at $16,500, and complete financial information and property media are available upon request.
The building is situated on a 20-by-100 lot with a 20-by-70 footprint. The roof is reported to be in great condition, and the boiler is described as operating without issues, with a new water heater installed. The property is presented as having no HPD or DOB violations and no tenant issues.
For transportation access, the 62nd Street D train station is described as a close 5-minute walk. Annual taxes are listed at $16,500, and complete financial information and property media are available upon request.
Key Highlights
- Legal 6‑family brick building with 4 vacant units and 2 occupied units (5 two‑bedroom units plus one one‑bedroom unit).
- Building is 3 stories, north‑facing, built in 1931; lot is 20' x 100' with building size of 20' x 70' (4,200 SF).
- Current occupied rents: $1,068 (1F) and $1,615 (3F), with all vacant units listed as two‑bedroom.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.6k | $49.20 |
| − Vacancy | −$8.7k | −$2.07 |
| EGI | $198.0k | $47.13 |
| − OpEx | −$89.1k | −$21.21 |
| NOI | $108.9k | $25.92 |
4,200 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,879 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,593 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - North-facing three-story legal six-family with four vacant two-bedroom units and two occupied units, all in Brooklyn.
Where is this apartment building located?
The property is located at 1312 66th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: Legal 6‑family brick building with 4 vacant units and 2 occupied units (5 two‑bedroom units plus one one‑bedroom unit).; Building is 3 stories, north‑facing, built in 1931; lot is 20' x 100' with building size of 20' x 70' (4,200 SF).; Current occupied rents: $1,068 (1F) and $1,615 (3F), with all vacant units listed as two‑bedroom.
