Three-Story Six-Family Brick
For Sale
$1,999,000
1425 E 5th Street, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Property Size5,727 SF
Lot Size0.07 Acres
Price / SF$349.05
Days on Market111
Property Features for 1425 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 6, Bedroom 9, Bedroom 10, Bathroom 2, Bedroom 5, Bedroom 11, Bathroom 5, Bedroom 8
Parking features
Garage - Detached
Interior features
A/C Unit, Refrigerator, Stove
Basement
Unfinished
Subdivision
Midwood
Standard status
Active
Size
5,727 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
25040
Building Details
Number of units
6
Flooring type
Tile, Carpet, Parquet Wood, Ceramic
Roof type
Asphalt, Flat
Listing Agency:
New World Realty Group LLC
(718) 872-6300
Listed By:
Stephanie Dong Chin
(718) 872-6300
Added: Apr 21
Changed: Aug 3
Last Checked: Aug 9 at 10:06AM
MLS# 500743
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.
1425 E 5th Street presents a detached, three-story six-family brick residence in a residential setting, with 5,727 square feet of living space and a 30x100 lot. The building footprint is identified as 23x83, and the property includes a landscaped front yard.
The unit mix consists of one 3-bedroom apartment, three 2-bedroom apartments, and two 1-bedroom apartments. The owner’s unit is described as a 3-bedroom layout with a large living room and eat-in kitchen, along with in-unit washer and dryer and a split system for year-round comfort. Interior features referenced include A/C units and kitchen appliances such as a refrigerator and stove.
Additional improvements include a full-length basement with two separate entrances, an updated roof, and upgraded hot water systems. The roof is noted as asphalt and flat. Parking is supported by a detached garage. The property is zoned R5 and positioned in Brooklyn, NY 11230.
The unit mix consists of one 3-bedroom apartment, three 2-bedroom apartments, and two 1-bedroom apartments. The owner’s unit is described as a 3-bedroom layout with a large living room and eat-in kitchen, along with in-unit washer and dryer and a split system for year-round comfort. Interior features referenced include A/C units and kitchen appliances such as a refrigerator and stove.
Additional improvements include a full-length basement with two separate entrances, an updated roof, and upgraded hot water systems. The roof is noted as asphalt and flat. Parking is supported by a detached garage. The property is zoned R5 and positioned in Brooklyn, NY 11230.
Key Highlights
- Detached three‑story brick six‑family residence
- Unit mix: one 3‑bedroom, three 2‑bedroom, and two 1‑bedroom apartments
- 5,727 SF of living space on a 30x100 lot; 23x83 building size
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
Lease Details
6
Residential units
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 - Detached six-family brick building with updated roof, full-length basement, and a detached garage.
Where is this apartment building located?
The property is located at 1425 E 5th Street 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: Detached three‑story brick six‑family residence; Unit mix: one 3‑bedroom, three 2‑bedroom, and two 1‑bedroom apartments; 5,727 SF of living space on a 30x100 lot; 23x83 building size
