6-Unit Apartment
New
For Sale
$1,650,000
1499 E 10th St, Brooklyn, NY 11230
Three residential levels include two-bedroom apartments and a full basement.
Property Size1,800 SF
Days on Market6
Property Features for 1499 E 10th St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$23,977
Building Details
Building Size
1,800 SF
Year Built
1925
Stories
3
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Bin Hu Zhan
(718) 676-6611
Source:
Elliman
Added: Oct 1
Last Checked: Oct 5 at 6:12PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This 1925 apartment property contains six residences across three stories, with two two-bedroom apartments on each floor. The building measures approximately 25 feet by 72 feet and includes a full basement. Apartment ceilings are approximately 10 feet high. Two residences are rent stabilized; the other four are free market. Improvements include a heating system, boiler, and roof described as new.
The property is near Coney Island Avenue and East 10th Street. Its Walk Score and Transit Score are each 93, and its Bike Score is 68.
The property is near Coney Island Avenue and East 10th Street. Its Walk Score and Transit Score are each 93, and its Bike Score is 68.
Key Highlights
- Six apartments: two two‑bedroom residences on each of three floors
- Two rent‑stabilized units and four free‑market units
- Approximately 25' x 72' building with a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,952
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,040
$1.1M
Cap Rate 7%
$785,029
$785.0K
Cap Rate 9%
$610,578
$610.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$102.0K $56.64/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$99.9K $55.51/SF
− OpEx
−$45.0K −$24.98/SF
NOI
$55.0K $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 Rate 5%
$1,099,040
Cap Rate 7%
$785,029
Cap Rate 9%
$610,578
Alternative Uses
Best Use
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,718
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
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 residential levels include two-bedroom apartments and a full basement.
Where is this apartment building located?
The property is located at 1499 E 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six apartments: two two‑bedroom residences on each of three floors; Two rent‑stabilized units and four free‑market units; Approximately 25' x 72' building with a full basement
