6-Family Renovated Apartment
For Sale
$2,170,000
1462 66th Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size3,300 SF
Lot Size0.07 Acres
Price / SF$657.58
Days on Market176
Property Features for 1462 66th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
11
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bathroom 7, Bathroom 8, Bedroom 10, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 11, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 2
Parking features
Garage - Detached
Interior features
Stove
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
17155
Amenities
garage
Building Details
Floors in Building
3
Number of units
5
Flooring type
Hardwood
Roof type
Flat
Listing Agency:
Fang Fang Realty Inc
Listed By:
Ashley Cen-He
(718) 676-2518
Added: Mar 19
Changed: Sep 6
Last Checked: Sep 10 at 12:06PM
MLS# 499802
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 renovated 6-family brick apartment building occupies a 30x100 lot and contains approximately 3,300 square feet. The three-story layout includes a finished basement with 8-foot ceilings. Residential configurations include one three-bedroom, two-bath unit and four two-bedroom units with one- or two-bath layouts. Hardwood flooring and stove appliances are included, while separate electric meters, heating systems, and hot water heaters serve each unit. Three units can be delivered vacant.
The property is located in Bensonhurst, Brooklyn, near shopping, restaurants, and daily services. Transit access includes the D and N subway lines and the B9 bus route. A 10-foot-wide private driveway extends to a detached rear garage, adding on-site parking and access functionality. The property is zoned R5 and is identified for apartment-building use.
The property is located in Bensonhurst, Brooklyn, near shopping, restaurants, and daily services. Transit access includes the D and N subway lines and the B9 bus route. A 10-foot-wide private driveway extends to a detached rear garage, adding on-site parking and access functionality. The property is zoned R5 and is identified for apartment-building use.
Key Highlights
- 6‑family brick building on a 30x100 lot
- Approximately 3,300 square feet across three stories plus finished basement space
- Unit mix includes one 3‑bedroom/2‑bath unit and four 2‑bedroom units
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
$85,547
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
3.94%
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%
$1,710,940
$1.7M
Cap Rate 7%
$1,222,100
$1.2M
Cap Rate 9%
$950,522
$950.5K
Market Conditions
NOI Build-Up for 3,300 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
$162.4K $49.20/SF
− Vacancy
−$6.8K −$2.07/SF
EGI
$155.5K $47.13/SF
− OpEx
−$70.0K −$21.21/SF
NOI
$85.5K $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 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%
$1,710,940
Cap Rate 7%
$1,222,100
Cap Rate 9%
$950,522
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,547 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,751 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,126
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story brick property with separate utilities, finished basement space, and a detached garage.
Where is this apartment building located?
The property is located at 1462 66th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: 6‑family brick building on a 30x100 lot; Approximately 3,300 square feet across three stories plus finished basement space; Unit mix includes one 3‑bedroom/2‑bath unit and four 2‑bedroom units
