Apartment Building with Private
20 OLIVER STREET, Brooklyn, NY 11209
COMMERCIAL - BROOKLYN, NY
Property size:
8,175 SFPrice / SF:
$428/SF- Added:
- Mar 1, 2026
- Days on Market:
- 128
- Last Refresh:
- Jul 7 at 6:06 am
Property Features for 20 OLIVER STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 3, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 6
- Standard status
- Active
- Size
- 8,175 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 61425
Utilities
- Heating system
- Natural Gas
Building Details
- Roof type
- Flat
Listing agent Stephen Petses
Listing office PETSES REALTY CO LLC 8608 3RD AVE, BROOKLYN, NY
Listing date Mar 1, 2026
MLS# 11663329
Listing URL
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.
HighLights
- 7 residential apartments in a 7‑story building: 1 one‑bedroom and 6 two‑bedroom units, each occupying an entire floor
- Each unit has front and rear balconies
- Direct elevator entry provides access to each apartment
- Individual climate control for each residential unit
- Kitchens include granite counters, ebony cabinets, high‑end refrigerators, stoves, dishwashers, and built‑in microwaves
- Non‑combustible building area totals 8,175 SF; natural gas heating; flat roof; cellar level includes mechanical, disposal, and laundry rooms
Overview
Constructed as a modern, non-combustible apartment building, this property contains 7 residential apartments across seven floors, with one one-bedroom unit and six two-bedroom units. Each apartment occupies an entire floor and features both front and rear balconies. Access is provided directly through an elevator entry. The units have individually controlled climate systems and full-feature kitchens with granite counters, ebony cabinets, and included appliances such as high-end refrigerators, stoves, dishwashers, and built-in microwaves. The cellar level includes mechanical rooms along with a disposal room and a laundry room. The non-combustible building area is 8,175 square feet.
The building is located at 20 Oliver Street in Brooklyn, steps from Brooklyn’s Shore Road. With a floor-by-floor layout and direct elevator access, the building’s configuration supports straightforward tenant use and privacy from unit to unit.
For investors or buyers seeking a small, income-oriented multifamily asset, the property’s unit mix and enclosed, private balcony arrangements may appeal to renters looking for in-unit climate control and in-kitchen appliance packages. The listing also notes possible condominium conversion and individual unit sale as an additional opportunity, subject to applicable approvals and requirements.
The building is located at 20 Oliver Street in Brooklyn, steps from Brooklyn’s Shore Road. With a floor-by-floor layout and direct elevator access, the building’s configuration supports straightforward tenant use and privacy from unit to unit.
For investors or buyers seeking a small, income-oriented multifamily asset, the property’s unit mix and enclosed, private balcony arrangements may appeal to renters looking for in-unit climate control and in-kitchen appliance packages. The listing also notes possible condominium conversion and individual unit sale as an additional opportunity, subject to applicable approvals and requirements.
Local Financial Insights For Apartment 5plus
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 | $463.0k | $56.64 |
| − Vacancy | −$9.3k | −$1.13 |
| EGI | $453.8k | $55.51 |
| − OpEx | −$204.2k | −$24.98 |
| NOI | $249.6k | $30.53 |
8,175 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.039165
- Latitude
- 40.619297
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-story multifamily building with individual climate control, full kitchens, and front and rear balconies for each unit.
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 in a 7‑story building: 1 one‑bedroom and 6 two‑bedroom units, each occupying an entire floor; Each unit has front and rear balconies; Direct elevator entry provides access to each apartment
