Midwood 6-Family Brick
For Sale
$1,999,000
1425 E 5th St, Brooklyn, NY 11230
Three-story, detached 6-family residence in Midwood community.
Property Size5,727 SF
Lot Size0.07 Acres
Price / SF$349.05
Days on Market111
Property Features for 1425 E 5th St
General Information
Standard status
Active
Size
5,727 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Listing Agency:
New World Realty Group LLC
(718) 872-6300
Listed By:
Stephanie Dong Chin
(718) 872-6300
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 9 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 New World Realty Group LLC
Investment Insights
Based on property information with market context.
Located in the Midwood community, 1425 East 5th Street is a three-story, detached 6-family brick residence. The property, maintained by the same family for decades, provides 5,727 square feet of living space on a 30x100 lot. The building itself measures 23x83. A landscaped front yard enhances the property's curb appeal. Each apartment features high ceilings, ample closet space, and sun-filled living areas. The units consist of one 3-bedroom unit, three 2-bedroom units, and two 1-bedroom units. The owner’s unit is a large 3-bedroom layout with an expansive living room, eat-in kitchen, in-unit washer and dryer, and split system for year-round comfort. Additional features include a full-length basement with two separate entrances, an updated roof, and upgraded hot water systems. The property is located near shopping, transportation, and schools. The location is considered very bikeable and very walkable, with excellent transit options.
Key Highlights
- Prime Midwood location near shopping, transportation (Transit Score: 90), and schools.
- Large, detached 6‑family brick residence with 5,727 sq ft of living space on a 30x100 lot.
- Mix of apartment sizes suitable for end‑users or investors.
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
$174,839
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
8.75%
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%
$3,496,780
$3.5M
Cap Rate 7%
$2,497,700
$2.5M
Cap Rate 9%
$1,942,656
$1.9M
Market Conditions
NOI Build-Up for 5,727 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
$324.4K $56.64/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$317.9K $55.51/SF
− OpEx
−$143.1K −$24.98/SF
NOI
$174.8K $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 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%
$3,496,780
Cap Rate 7%
$2,497,700
Cap Rate 9%
$1,942,656
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.91M
NOI $174,839 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.74M
$4.15M – $5.53M
NOI $331,937 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Three-story, detached 6-family residence in Midwood community.
Where is this apartment building located?
The property is located at 1425 E 5th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Prime Midwood location near shopping, transportation (Transit Score: 90), and schools.; Large, detached 6‑family brick residence with 5,727 sq ft of living space on a 30x100 lot.; Mix of apartment sizes suitable for end‑users or investors.
