Four-Family Brick Income
For Sale
$1,968,000
Pending
1679 66th St, Brooklyn, NY 11204
Well-maintained four-family brick building with private driveway and three three-bedroom units plus one one-bedroom unit.
Property Size3,520 SF
Lot Size0.07 Acres
Days on Market184
Property Features for 1679 66th St
General Information
Standard status
Pending
Size
3,520 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,784
Building Details
Building Size
3,520 SF
Year Built
1931
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Source:
Elliman
Added: Apr 28
Changed: Oct 25
Last Checked: Oct 26 at 3:08PM
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 Tiger Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained four-family brick income property offers a private driveway and includes three spacious three-bedroom apartments and one one-bedroom apartment. All units are occupied. An unfinished basement adds additional space and potential.
The property sits on a 30’ x 100’ lot and includes a 22’ x 80’ building. It is located on 18th Avenue in Brooklyn, with convenient access to transportation, shopping, and restaurants.
The building’s current configuration provides four rental units with four separate apartment layouts, supporting an income-focused residential portfolio.
The property sits on a 30’ x 100’ lot and includes a 22’ x 80’ building. It is located on 18th Avenue in Brooklyn, with convenient access to transportation, shopping, and restaurants.
The building’s current configuration provides four rental units with four separate apartment layouts, supporting an income-focused residential portfolio.
Key Highlights
- 1931 four‑family brick building with three 3‑bedroom apartments and one 1‑bedroom apartment
- Private driveway and 30’ x 100’ lot with a 22’ x 80’ building size
- Annual gross income of $98,520 with $14,784 property taxes noted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,276
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,465,520
$2.5M
Cap Rate 7%
$1,761,086
$1.8M
Cap Rate 9%
$1,369,733
$1.4M
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$179.5K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$176.1K $50.03/SF
− OpEx
−$52.8K −$15.01/SF
NOI
$123.3K $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%
$2,465,520
Cap Rate 7%
$1,761,086
Cap Rate 9%
$1,369,733
Alternative Uses
Best Use
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $123,276 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$1.54M
$1.34M – $1.79M
NOI $107,462 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $204,019 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,020
Businesses Nearby
Explore this area
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-family brick building with private driveway and three three-bedroom units plus one one-bedroom unit.
Where is this quadplex located?
The property is located at 1679 66th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,968,000.
What are key features of this property?
This property features: 1931 four‑family brick building with three 3‑bedroom apartments and one 1‑bedroom apartment; Private driveway and 30’ x 100’ lot with a 22’ x 80’ building size; Annual gross income of $98,520 with $14,784 property taxes noted
