Four-Family Residential Income
1966 64th Street Brooklyn, NY 11204
1966 64th Street, Brooklyn, NY, 11204
$1,999,000
For Sale
$1,999,000
Well-maintained four-unit building with a shared driveway and rear parking spot, offering multiple move-in ready apartments.
Property Size3,200 SF
Price / SF$624.69
Days on Market218
Property Features for 1966 64th Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1931
Listing agency
EXP Realty
(929) 204-0711
Listed by
Andrey Kim · License #10401328420
(929) 204-0711
Source
Compass
Added: Dec 16, 2025 Updated: Jul 20 at 3:57PM Checked: Jul 21 at 6:02AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This four-family residential income property features a well-maintained building with four distinct units. The first floor includes one 1-bedroom/1-bath apartment and one 2-bedroom/1-bath apartment in move-in condition. The second floor offers two 2-bedroom/2-bath apartments, described as updated and filled with natural light.
Additional building features include a shared driveway and one parking spot located at the rear of the building. The property is presented as an owner-occupant or investment opportunity in Brooklyn.
The unit mix provides a combination of 1-bedroom and 2-bedroom layouts across two levels, with multiple units described as updated and move-in ready.
Additional building features include a shared driveway and one parking spot located at the rear of the building. The property is presented as an owner-occupant or investment opportunity in Brooklyn.
The unit mix provides a combination of 1-bedroom and 2-bedroom layouts across two levels, with multiple units described as updated and move-in ready.
Key Highlights
- Four‑unit building (4 total units) with a shared driveway and one rear parking spot
- Year built 1931; brick/masonry construction with aluminum siding and other exterior materials
- Basement with full basement; poured concrete foundation
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.1k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.1k | $35.02 |
3,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with a shared driveway and rear parking spot, offering multiple move-in ready apartments.
Where is this quadplex located?
The property is located at 1966 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four‑unit building (4 total units) with a shared driveway and one rear parking spot; Year built 1931; brick/masonry construction with aluminum siding and other exterior materials; Basement with full basement; poured concrete foundation
