Multifamily Property Near
For Sale
Contact for pricing
1672 Dean Street, Brooklyn, NY 11213
R6-zoned multifamily property positioned near multiple subway lines and established Brooklyn neighborhood retail and cultural destinations.
Property Size6,496 SF
Price / SF$615.76
Days on Market88
Property Features for 1672 Dean Street
General Information
Standard status
Active
Size
6,496 SF
Property subtype
Multifamily
Zoning
R6
Net Operating Income
$208,526
Additional Details
Public Transit
Yes
Building Details
Units
8
Tenancy
Multi
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Solomon Sharaby · License #10401283106
(718) 986-7149
Source:
Crexi
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 19 at 5:10AM
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 Kassin Sabbagh Realty
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Investment Insights
Based on property information with market context.
This multifamily property contains 6,496 square feet and is zoned R6. The asset is located at 1672 Dean Street in Brooklyn’s Crown Heights, between Schenectady and Utica Avenues.
Transit access includes the A, C, 3, and 4 subway lines, connecting the property with Downtown Brooklyn, Lower Manhattan, and Midtown. The surrounding area includes historic brownstones, residential streets, neighborhood retail, restaurants, and cafes. Prospect Park, the Brooklyn Children’s Museum, Brooklyn Botanic Garden, Brooklyn Museum, and Barclays Center are also identified nearby.
Transit access includes the A, C, 3, and 4 subway lines, connecting the property with Downtown Brooklyn, Lower Manhattan, and Midtown. The surrounding area includes historic brownstones, residential streets, neighborhood retail, restaurants, and cafes. Prospect Park, the Brooklyn Children’s Museum, Brooklyn Botanic Garden, Brooklyn Museum, and Barclays Center are also identified nearby.
Key Highlights
- 6,496‑square‑foot multifamily property
- R6 zoning
- 1672 Dean Street, Brooklyn, NY 11213
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,316
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,966,320
$4.0M
Cap Rate 7%
$2,833,086
$2.8M
Cap Rate 9%
$2,203,511
$2.2M
Market Conditions
NOI Build-Up for 6,496 SF
Gross rent
$367.9K $56.64/SF
− Vacancy
−$7.4K −$1.13/SF
EGI
$360.6K $55.51/SF
− OpEx
−$162.3K −$24.98/SF
NOI
$198.3K $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%
$3,966,320
Cap Rate 7%
$2,833,086
Cap Rate 9%
$2,203,511
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M
NOI $198,316 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,508 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,446
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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?
Multifamily property - R6-zoned multifamily property positioned near multiple subway lines and established Brooklyn neighborhood retail and cultural destinations.
Where is this multifamily property located?
The property is located at 1672 Dean Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 6,496‑square‑foot multifamily property; R6 zoning; 1672 Dean Street, Brooklyn, NY 11213
