Six-Unit Building in
1424 71st Street Brooklyn, NY 11228
1424 71st Street, Brooklyn, NY, 11228
$1,425,000
For Sale
$1,425,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,460 SF
Lot Size0.05 Acres
Price / SF$976.03
Days on Market113
Property Features for 1424 71st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1
- Interior features
- A/C Unit - Window, Refrigerator, Stove, Window Treatments
- Basement
- Unfinished, Finished
- Standard status
- Active
- Size
- 1,460 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19616
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Linoleum, Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat, Rubber
Listing Agency
BHHS Fillmore R.E.
(718) 377-6161
4717 Avenue N, Brooklyn, NY
Listed by
Majid Ilyas
(718) 368-2500
Added: Mar 26 Checked: Jul 16 at 8:06 pm
MLS# 500017
Listing URL
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.
Investment Insights
Based on property information with market context.
This six-unit building is located in the Bensonhurst area and is suitable for investors. The property contains six apartments: four 1-bedroom units and two 2-bedroom units. The apartments are well-kept and in great shape. One unit will be delivered vacant. Each unit has separate gas and electric meters. The property size is 1460 square feet and the lot size is 0.0459 acres. The zoning is R5.
Key Highlights
- Six‑unit building with four 1‑bedroom units and two 2‑bedroom units
- Separate gas and electric meters for each unit
- Built in 1925 with brick construction and a flat rubber roof
Local 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 | $82.7k | $56.64 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $81.0k | $55.51 |
| − OpEx | −$36.5k | −$24.98 |
| NOI | $44.6k | $30.53 |
1,460 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$636.7K
$557.2K – $742.9K
NOI $44,572 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,622 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bergen Beach Playground
Family Recreation Center
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-unit building in Brooklyn's Bensonhurst area, great for investors.
Where is this apartment building located?
The property is located at 1424 71st 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‑unit building with four 1‑bedroom units and two 2‑bedroom units; Separate gas and electric meters for each unit; Built in 1925 with brick construction and a flat rubber roof
