6-Unit Apartment
1717 Voorhies Avenue, Brooklyn, NY 11235
For Sale
$1,799,000
The residence mix includes four one-bedroom apartments and two two-bedroom apartments.
Property Size4,800 SF
Lot Size0.05 Acres
Price / SF$374.79
Days on Market83
Property Features for 1717 Voorhies Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Edge
Listed By:
Sumei Lan · License #SL4755
(718) 612-3088
Source:
Gosenproperties
Added: Aug 17
Changed: Oct 31
Last Checked: Nov 4 at 7:33AM
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 RE/MAX Edge
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Investment Insights
Based on property information with market context.
This 6-unit apartment property in Sheepshead Bay contains four one-bedroom apartments and two two-bedroom apartments. The building offers 4,800 square feet on a 20-by-100-foot lot and was built in 1922. A partially finished basement has its own entrance, providing additional utility or storage space. The roof was replaced four years ago.
The property is on Voorhies Avenue, between Sheepshead Road and Voorhies Avenue, with local shops, financial institutions, and public transportation options in the surrounding area.
The property is on Voorhies Avenue, between Sheepshead Road and Voorhies Avenue, with local shops, financial institutions, and public transportation options in the surrounding area.
Key Highlights
- Six apartments: four one‑bedroom units and two two‑bedroom units
- 4,800‑square‑foot building on a 20‑by‑100‑foot lot
- Partially finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,539
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,930,780
$2.9M
Cap Rate 7%
$2,093,414
$2.1M
Cap Rate 9%
$1,628,211
$1.6M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$271.9K $56.64/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$266.4K $55.51/SF
− OpEx
−$119.9K −$24.98/SF
NOI
$146.5K $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%
$2,930,780
Cap Rate 7%
$2,093,414
Cap Rate 9%
$1,628,211
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,539 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.97M
$3.48M – $4.64M
NOI $278,208 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Brooklyn, NY
Properties on Market for Apartment buildings in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The residence mix includes four one-bedroom apartments and two two-bedroom apartments.
Where is this apartment building located?
The property is located at 1717 Voorhies Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Six apartments: four one‑bedroom units and two two‑bedroom units; 4,800‑square‑foot building on a 20‑by‑100‑foot lot; Partially finished basement with a separate entrance
