Six-Unit Apartment
For Sale
$1,590,000
741 Pennsylvania Avenue, Brooklyn, NY 11207
Multifamily property near amenities and public transportation.
Property Size4,725 SF
Price / SF$336.51
Days on Market1548
Property Features for 741 Pennsylvania Avenue
General Information
Standard status
Active
Size
4,725 SF
Property subtype
Multi Family
Net Operating Income
$130,000
Additional Details
Gross Income
$156,000
Public Transit
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$15,688
Amenities
No, No, None
Public Sewer, Yes, Other, Public, Other, 6, 6
Other
Square Feet, 30x95
See Remarks
Other, Public
20
1 Common Wall
Square Feet
Other/See Remarks, Corner Apartment
No
Building Details
Year Built
1930
Buildings
1
Listing Agency:
5 Boro Realty Corp
Listed By:
Nina Sabag · License #10311207532
(855) 305-3325
Source:
Compass
Added: Aug 3, 2022
Changed: Oct 26
Last Checked: Oct 28 at 10:47AM
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 5 Boro Realty Corp
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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.
Located at 741 Pennsylvania Avenue in Brooklyn, NY 11207, this multifamily property contains six residential units with a combined 12 bedrooms. The building offers a compact apartment configuration suited to residential occupancy and dates to 1930.
The property is positioned near amenities and public transportation in an established Brooklyn setting. Its unit count, bedroom total, and existing apartment layout provide a clear framework for multifamily ownership and management.
The property is positioned near amenities and public transportation in an established Brooklyn setting. Its unit count, bedroom total, and existing apartment layout provide a clear framework for multifamily ownership and management.
Key Highlights
- Six‑unit apartment building
- 12 total bedrooms
- 4,725 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,249
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,884,980
$2.9M
Cap Rate 7%
$2,060,700
$2.1M
Cap Rate 9%
$1,602,767
$1.6M
Market Conditions
NOI Build-Up for 4,725 SF
Gross rent
$267.6K $56.64/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$262.3K $55.51/SF
− OpEx
−$118.0K −$24.98/SF
NOI
$144.2K $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%
$2,884,980
Cap Rate 7%
$2,060,700
Cap Rate 9%
$1,602,767
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,249 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,861 @ 7.0% cap · market cap 17.22%
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
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near amenities and public transportation.
Where is this apartment building located?
The property is located at 741 Pennsylvania Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Six‑unit apartment building; 12 total bedrooms; 4,725 square feet
