5-Unit Brick Apartment
For Sale
$2,100,000
1536 68th Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size4,200 SF
Lot Size0.05 Acres
Price / SF$500
Days on Market636
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 5, Bedroom 7, Bathroom 5, Bedroom 13, Bathroom 4, Bedroom 4, Bedroom 10, Bathroom 3, Bedroom 11, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
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
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Ben Bay Realty Co
Listed By:
Phoebe F. Burger
(718) 680-6442
Added: Jan 23, 2025
Changed: Oct 20
Last Checked: Oct 21 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This semi-detached, five-family apartment building contains 4,200 square feet on a 25-by-80-foot lot, with a 20-by-70-foot building footprint. Constructed in 1931, the property features brick construction, hardwood and tile flooring, and a rubber roof. The building is offered delivered all vacant.
The property is located at 1536 68th Street in Brooklyn, within the 11219 postal area. Access to the D and N train lines provides nearby transit connectivity. R5 zoning applies to the property, and the lot measures 0.0459 acres.
The property is located at 1536 68th Street in Brooklyn, within the 11219 postal area. Access to the D and N train lines provides nearby transit connectivity. R5 zoning applies to the property, and the lot measures 0.0459 acres.
Key Highlights
- Five‑family semi‑detached brick apartment building
- 4,200 square feet on a 0.0459‑acre lot
- 20x70 building on a 25x80 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,879
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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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 - Semi-detached multifamily property delivered vacant with R5 zoning and a durable brick exterior.
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: Five‑family semi‑detached brick apartment building; 4,200 square feet on a 0.0459‑acre lot; 20x70 building on a 25x80 lot
