Brick Multifamily
1871 W 13th Street, Brooklyn, NY 11223
For Sale
$4,900,000
Residential, Brooklyn, NY
Property Size4,140 SF
Lot Size0.07 Acres
Price / SF$1,183
Days on Market151
Property Features for 1871 W 13th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo
(718) 532-2000
Added: Jun 17
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 502147
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily offering includes two side-by-side residential buildings at 1871 and 1875 W 13th Street. Together, the properties contain 10 units, comprising one 4-family building and one 6-family building, with a combined property size of 4,140 square feet on 0.0723 acres. The buildings were constructed in 1930 and feature brick exteriors, hardwood flooring, flat roofs, refrigerators, stoves, and detached garage parking. The properties are fully occupied and subject to R5B zoning.
The package is located in Brooklyn, NY 11223, near shopping, restaurants, schools, and multiple transportation options. The N and F subway lines and major thoroughfares are identified in the property information as nearby access points. The address is within Kings County, and both buildings occupy a quiet, tree-lined block.
The package is located in Brooklyn, NY 11223, near shopping, restaurants, schools, and multiple transportation options. The N and F subway lines and major thoroughfares are identified in the property information as nearby access points. The address is within Kings County, and both buildings occupy a quiet, tree-lined block.
Key Highlights
- Two‑building multifamily package at 1871 and 1875 W 13th Street
- 10 residential units: one 4‑family building and one 6‑family building
- 4,140 square feet on 0.0723 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,990
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,899,800
$2.9M
Cap Rate 7%
$2,071,286
$2.1M
Cap Rate 9%
$1,611,000
$1.6M
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$211.1K $51.00/SF
− Vacancy
−$4.0K −$0.97/SF
EGI
$207.1K $50.03/SF
− OpEx
−$62.1K −$15.01/SF
NOI
$145.0K $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%
$2,899,800
Cap Rate 7%
$2,071,286
Cap Rate 9%
$1,611,000
Alternative Uses
Best Use
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $144,990 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,390 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $239,954 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Brooklyn, NY
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied residential package with two adjacent buildings, established tenants, and convenient access to shopping, dining, schools, and transit.
Where is this multifamily property located?
The property is located at 1871 W 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Two‑building multifamily package at 1871 and 1875 W 13th Street; 10 residential units: one 4‑family building and one 6‑family building; 4,140 square feet on 0.0723 acres
