Seven-Unit Apartment
For Sale
$3,500,000
20 OLIVER STREET, Brooklyn, NY 11209
Business Opportunity, BROOKLYN, NY
Property Size8,175 SF
Price / SF$428.13
Days on Market219
Property Features for 20 OLIVER STREET
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 7, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 4
Subdivision
Fort Hamilton
Standard status
Active
Size
8,175 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
61425
Utilities
Heating system
Natural Gas
Amenities
balconies
full-feature kitchens
granite counters
ebony cabinets
high-end appliances
individual climate control
laundry room
Building Details
Roof type
Flat
Listing Agency:
PETSES REALTY CO LLC
Listed By:
Stephen Petses
(718) 238-1414
Added: Mar 1
Changed: Sep 14
Last Checked: Oct 6 at 2:06PM
MLS# 11663329
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This seven-story apartment building contains 7 residential units within 8,175 square feet. The layout includes 1 one-bedroom apartment and 6 two-bedroom apartments, with each residence occupying an entire floor. Every unit has front and rear balconies, direct elevator entry, individual climate control, and kitchens equipped with granite counters, ebony cabinetry, refrigerators, stoves, dishwashers, and built-in microwaves.
The cellar level provides mechanical rooms, a disposal room, and laundry facilities. The building has non-combustible construction, a flat roof, and natural gas heating. Located near Brooklyn’s Shore Road in the 11209 postal area, the property offers a multifamily configuration with residential rental income potential.
The cellar level provides mechanical rooms, a disposal room, and laundry facilities. The building has non-combustible construction, a flat roof, and natural gas heating. Located near Brooklyn’s Shore Road in the 11209 postal area, the property offers a multifamily configuration with residential rental income potential.
Key Highlights
- 7 residential apartments: 1 one‑bedroom and 6 two‑bedroom units
- 8,175‑square‑foot non‑combustible building area
- Each apartment occupies an entire floor with direct elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,574
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,991,480
$5.0M
Cap Rate 7%
$3,565,343
$3.6M
Cap Rate 9%
$2,773,044
$2.8M
Market Conditions
NOI Build-Up for 8,175 SF
Gross rent
$463.0K $56.64/SF
− Vacancy
−$9.3K −$1.13/SF
EGI
$453.8K $55.51/SF
− OpEx
−$204.2K −$24.98/SF
NOI
$249.6K $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%
$4,991,480
Cap Rate 7%
$3,565,343
Cap Rate 9%
$2,773,044
Alternative Uses
Best Use
Apartment 5plus
$3.57M
$3.12M – $4.16M
NOI $249,574 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.77M
$5.92M – $7.90M
NOI $473,823 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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?
Apartment building - Seven-story multifamily property with full-floor residences, private balconies, and elevator access directly into each apartment.
Where is this apartment building located?
The property is located at 20 OLIVER STREET Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 7 residential apartments: 1 one‑bedroom and 6 two‑bedroom units; 8,175‑square‑foot non‑combustible building area; Each apartment occupies an entire floor with direct elevator access
