6-Unit Brick Apartment
New
For Sale
$1,299,000
1728 80th St, Brooklyn, NY 11214
Six residential units offer one-bedroom layouts with eat-in kitchens, living rooms, and bedrooms.
Property Size4,620 SF
Lot Size0.06 Acres
Days on Market5
Property Features for 1728 80th St
General Information
Standard status
Active
Size
4,620 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,537
Building Details
Building Size
4,620 SF
Year Built
1931
Stories
3
Construction
brick
Listing Agency:
Brooklyn4U Rltyof DykerHeights
Listed By:
Maria Castellano
(718) 236-1800
Source:
Elliman
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 8 at 7:10AM
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 Brooklyn4U Rltyof DykerHeights
Investment Insights
Based on property information with market context.
Built in 1931, this brick apartment building contains six residential units, each configured with one bedroom, an eat-in kitchen, a living room, and a bedroom. The property includes one boiler and two hot water heaters. It sits on a 23x110 lot, while the building measures 22x70.
Located at 1728 80th St in Brooklyn, the property offers access to the D and N trains, with shopping and schools nearby. Walk Score is 95, Transit Score is 75, and Bike Score is 56, providing documented measures of pedestrian, transit, and bicycle accessibility. The address is in the Bensonhurst area of Brooklyn, NY 11214.
Located at 1728 80th St in Brooklyn, the property offers access to the D and N trains, with shopping and schools nearby. Walk Score is 95, Transit Score is 75, and Bike Score is 56, providing documented measures of pedestrian, transit, and bicycle accessibility. The address is in the Bensonhurst area of Brooklyn, NY 11214.
Key Highlights
- Six‑unit brick apartment building constructed in 1931
- All units feature one bedroom, an eat‑in kitchen, living room, and bedroom
- 23x110 lot with a 22x70 building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,933
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,660
$2.3M
Cap Rate 7%
$1,613,329
$1.6M
Cap Rate 9%
$1,254,811
$1.3M
Market Conditions
NOI Build-Up for 4,620 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$213.4K $46.20/SF
− Vacancy
−$8.1K −$1.76/SF
EGI
$205.3K $44.44/SF
− OpEx
−$92.4K −$20.00/SF
NOI
$112.9K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,258,660
Cap Rate 7%
$1,613,329
Cap Rate 9%
$1,254,811
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,933 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.14M
NOI $188,656 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units offer one-bedroom layouts with eat-in kitchens, living rooms, and bedrooms.
Where is this apartment building located?
The property is located at 1728 80th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Six‑unit brick apartment building constructed in 1931; All units feature one bedroom, an eat‑in kitchen, living room, and bedroom; 23x110 lot with a 22x70 building
