Six-Unit Brick Apartment
New
For Sale
$2,070,000
1462 66th St, Brooklyn, NY 11219
Each residence has its own electric meter, heating system, and hot water heater.
Property Size3,520 SF
Lot Size0.07 Acres
Days on Market3
Property Features for 1462 66th St
General Information
Standard status
Active
Size
3,520 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,489
Amenities
private driveway
rear garage
Building Details
Building Size
3,520 SF
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Wolf Properties Inc
Listed By:
Albert Zetune
(718) 382-9653
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:30PM
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 Wolf Properties Inc
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Investment Insights
Based on property information with market context.
This three-story brick apartment building contains six residences and a finished basement with 8-foot ceilings. The first floor has a three-bedroom, two-bath apartment; each upper floor contains a two-bedroom, one-bath unit at the front and a two-bedroom, two-bath unit at the rear. The building measures approximately 20 × 55 feet and sits on a 30 × 100-foot lot.
A comprehensive renovation included new electrical and plumbing systems, updated kitchens, and renovated bathrooms. Each apartment has a separate electric meter, its own heating system, and an individual hot water heater. A 10-foot-wide private driveway leads to a rear garage.
At 1462 66th St in Brooklyn, the property has a walk score of 95, a transit score of 82, and a bike score of 56.
A comprehensive renovation included new electrical and plumbing systems, updated kitchens, and renovated bathrooms. Each apartment has a separate electric meter, its own heating system, and an individual hot water heater. A 10-foot-wide private driveway leads to a rear garage.
At 1462 66th St in Brooklyn, the property has a walk score of 95, a transit score of 82, and a bike score of 56.
Key Highlights
- Six apartments across three stories, with a finished basement
- 30 × 100‑foot lot; building measures approximately 20 × 55 feet
- Apartment mix includes one 3‑bedroom, 2‑bath unit and five 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,251
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,020
$1.8M
Cap Rate 7%
$1,303,586
$1.3M
Cap Rate 9%
$1,013,900
$1.0M
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$173.2K $49.20/SF
− Vacancy
−$7.3K −$2.07/SF
EGI
$165.9K $47.13/SF
− OpEx
−$74.7K −$21.21/SF
NOI
$91.3K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,020
Cap Rate 7%
$1,303,586
Cap Rate 9%
$1,013,900
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,251 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,735 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,126
Businesses Nearby
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Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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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 - Each residence has its own electric meter, heating system, and hot water heater.
Where is this apartment building located?
The property is located at 1462 66th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,070,000.
What are key features of this property?
This property features: Six apartments across three stories, with a finished basement; 30 × 100‑foot lot; building measures approximately 20 × 55 feet; Apartment mix includes one 3‑bedroom, 2‑bath unit and five 2‑bedroom units
