Bensonhurst Multifamily Investment
For Sale
$1,850,000
Pending
1673 66TH Street, Brooklyn, NY 11204
Four-unit property in prime Brooklyn location with customization potential.
Property Size1,760 SF
Days on Market166
Property Features for 1673 66TH Street
General Information
Standard status
Pending
Size
1,760 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,712
Building Details
Building Size
1,760 SF
Year Built
1931
Listing Agency:
Barnes New York
Listed By:
Adrien Gouirand
(305) 613-8580
Source:
Carlinwright
Added: May 8
Changed: Oct 11
Last Checked: Oct 19 at 3:19PM
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 Barnes New York
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Investment Insights
Based on property information with market context.
Located in the heart of Bensonhurst, Brooklyn, this multifamily property presents a prime investment opportunity. The classic brick facade home is situated on a tree-lined street. The property offers potential for customization, whether uniting the four units into a spacious single-family residence or generating rental income. The building features a generous sidewalk frontage and ample on-street parking. Natural light fills the home through numerous windows. The property is located minutes from Edward B. Shallow Junior High School and benefits from proximity to neighborhood amenities and public transportation. Multiple subway lines, including the D, N, and W lines, provide access to Manhattan, other parts of Brooklyn, and Coney Island. Nearby bus routes and proximity to the Verrazzano Bridge add further convenience. Bensonhurst’s community atmosphere includes local parks, shops, restaurants, and cultural institutions. A playground is located a few blocks away. The location is ideal for commuters and a variety of lifestyles. The bike score is 56, making it bikeable, the walk score is 96, making it a walker's paradise, and the transit score is 84, indicating excellent transit.
Key Highlights
- Excellent Transit: Transit score of 84, with multiple subway lines providing easy access to Manhattan, Brooklyn, and Coney Island.
- Prime Bensonhurst Location: In the heart of Bensonhurst, Brooklyn, on a tree‑lined street, close to parks, shops, restaurants, and cultural institutions.
- High Walk Score: A Walker's Paradise with a score of 96, indicating most errands can be accomplished on foot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,638
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,760
$1.2M
Cap Rate 7%
$880,543
$880.5K
Cap Rate 9%
$684,867
$684.9K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$89.8K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$88.1K $50.03/SF
− OpEx
−$26.4K −$15.01/SF
NOI
$61.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,760
Cap Rate 7%
$880,543
Cap Rate 9%
$684,867
Alternative Uses
Best Use
Multifamily LT 5
$880.5K
$770.5K – $1.03M
NOI $61,638 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$767.6K
$671.6K – $895.5K
NOI $53,731 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,010 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,020
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in prime Brooklyn location with customization potential.
Where is this quadplex located?
The property is located at 1673 66TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Excellent Transit: Transit score of 84, with multiple subway lines providing easy access to Manhattan, Brooklyn, and Coney Island.; Prime Bensonhurst Location: In the heart of Bensonhurst, Brooklyn, on a tree‑lined street, close to parks, shops, restaurants, and cultural institutions.; High Walk Score: A Walker's Paradise with a score of 96, indicating most errands can be accomplished on foot.
