Semi-Detached 5-Family Brick
For Sale
$2,100,000
1536 68th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$500
Days on Market583
Property Features for 1536 68th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
13
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 12, Bedroom 13, Bathroom 4, Bedroom 9, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 10, Bedroom 6, Bedroom 11, Bathroom 5
Basement
Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
4,200 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
19816
Building Details
Year built
1931
Floors in Building
3
Number of units
5
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
Ben Bay Realty Co
(718) 680-6442
Listed By:
Phoebe F. Burger · License #PFB1940
(718) 680-6442
Added: Jan 23, 2025
Changed: Aug 3
Last Checked: Aug 29 at 7:06PM
MLS# 488802
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.
Semi-detached five-family brick apartment building in very good condition, built in 1931. The property is a 20 x 70 building on a 25 x 80 lot, with a rubber roof and hardwood and tile flooring. The layout includes multiple bedrooms and bathrooms across the five-family configuration.
The building is situated on a 0.0459-acre lot and totals 4,200 SF. It is near the D and N train lines, providing transit access for residents.
This offering is presented with vacant delivery, and the building is described as ideal for investment. Zoning is R5.
The building is situated on a 0.0459-acre lot and totals 4,200 SF. It is near the D and N train lines, providing transit access for residents.
This offering is presented with vacant delivery, and the building is described as ideal for investment. Zoning is R5.
Key Highlights
- Semi‑detached five‑family brick building in very good condition
- 20 x 70 building; 25 x 80 lot on 0.0459 acres
- Total building size: 4,200 SF
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
$108,879
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
5.18%
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%
$2,177,580
$2.2M
Cap Rate 7%
$1,555,414
$1.6M
Cap Rate 9%
$1,209,767
$1.2M
Market Conditions
NOI Build-Up for 4,200 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
$206.6K $49.20/SF
− Vacancy
−$8.7K −$2.07/SF
EGI
$198.0K $47.13/SF
− OpEx
−$89.1K −$21.21/SF
NOI
$108.9K $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%
$2,177,580
Cap Rate 7%
$1,555,414
Cap Rate 9%
$1,209,767
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,879 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,593 @ 7.0% cap · market cap 9.08%
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
3,984
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 - R5 zoned, 1931-built brick apartment building with hardwood and tile floors, five families, and vacant delivery planned.
Where is this apartment building located?
The property is located at 1536 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Semi‑detached five‑family brick building in very good condition; 20 x 70 building; 25 x 80 lot on 0.0459 acres; Total building size: 4,200 SF
