Five-Family Brick Apartment
For Sale
$1,550,000
1464 66th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size3,300 SF
Lot Size0.06 Acres
Price / SF$469.70
Days on Market102
Property Features for 1464 66th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 6, Bathroom 5
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,300 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11485
Building Details
Year built
1920
Floors in Building
3
Number of units
5
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Ben Bay Realty Co
Listed By:
Phoebe F. Burger · License #PFB1940
(718) 680-6442
Added: May 27
Changed: Aug 19
Last Checked: Sep 5 at 1:06AM
MLS# 501787
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 semi-detached, five-family brick apartment building at 1464 66th Street includes approximately 3,300 square feet of building area on a 0.0574-acre lot. Built in 1920, the property measures 20 x 55 feet on a 25 x 100-foot parcel and is zoned R5. The building includes hardwood and tile flooring, refrigerators, stoves, a rubber roof, and five bathrooms.
The unit mix is predominantly free-market, with only unit 3R identified as rent stabilized; the other apartments do not have leases. The property is located in Bensonhurst, Brooklyn, near the N and D train lines. Its five-unit configuration, brick construction, and established transit-connected setting define the asset.
The unit mix is predominantly free-market, with only unit 3R identified as rent stabilized; the other apartments do not have leases. The property is located in Bensonhurst, Brooklyn, near the N and D train lines. Its five-unit configuration, brick construction, and established transit-connected setting define the asset.
Key Highlights
- Five‑family semi‑detached brick apartment building
- 3,300 square feet on a 0.0574‑acre lot
- Building measures 20 x 55 feet; lot measures 25 x 100 feet
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
5.52%
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 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,751 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Semi-detached multifamily property with predominantly free-market units and one rent-stabilized apartment.
Where is this apartment building located?
The property is located at 1464 66th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Five‑family semi‑detached brick apartment building; 3,300 square feet on a 0.0574‑acre lot; Building measures 20 x 55 feet; lot measures 25 x 100 feet
