Multifamily Property with Private
New
For Sale
$1,680,000
1852 70th Street, Brooklyn, NY 11204
Vacant at closing, the property includes windows in every room and parking for up to two cars.
Property Size3,275 SF
Lot Size0.04 Acres
Price / SF$512.98
Days on Market4
Property Features for 1852 70th Street
General Information
Standard status
Active
Size
3,275 SF
Lot size
0.04 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1901
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Meijuan (Mandy) Jiang · License #MJ7493
(718) 680-2776
Source:
Remaxedgenyc
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 5:05PM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This multifamily property at 1852 70th Street in Brooklyn dates to 1901. The building measures 18.5 feet by 67 feet, with approximately 1,085 square feet per floor, on an 18.5-by-100-foot lot. Windows in every room provide natural light and ventilation, and private parking accommodates up to two cars. The property will be delivered vacant at closing.
The property is near the 18th Avenue commercial corridor and the N subway line. Nearby everyday destinations include supermarkets, restaurants, and banks.
The property is near the 18th Avenue commercial corridor and the N subway line. Nearby everyday destinations include supermarkets, restaurants, and banks.
Key Highlights
- Private parking accommodates up to 2 cars
- Delivered vacant at closing
- Building measures 18.5’ x 67’; approximately 1,085 sq. ft. per floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,982
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,999,640
$2.0M
Cap Rate 7%
$1,428,314
$1.4M
Cap Rate 9%
$1,110,911
$1.1M
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$185.5K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$181.8K $55.51/SF
− OpEx
−$81.8K −$24.98/SF
NOI
$100.0K $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%
$1,999,640
Cap Rate 7%
$1,428,314
Cap Rate 9%
$1,110,911
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $99,982 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,819 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,853
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant at closing, the property includes windows in every room and parking for up to two cars.
Where is this multifamily property located?
The property is located at 1852 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Private parking accommodates up to 2 cars; Delivered vacant at closing; Building measures 18.5’ x 67’; approximately 1,085 sq. ft. per floor
