Six-Unit Apartment
For Sale
$1,650,000
469 52nd Street, Brooklyn, NY 11220
Three-story multifamily property with six three-bedroom, one-bathroom residences.
Property Size5,625 SF
Lot Size0.06 Acres
Days on Market172
Property Features for 469 52nd Street
General Information
Standard status
Active
Size
5,625 SF
Lot size
0.06 Acres
Property subtype
Multi Family Home
Zoning
R6B
Units
Unit Mix
6 x 3BR/1BA
Multifamily Units
6
Building Details
Building Size
5,625 SF
Year Built
1906
Stories
3
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Fengzhen (Cindy) Chen
(718) 680-2776
Source:
Michaelfraulo
Added: Mar 11
Changed: Aug 28
Last Checked: Aug 29 at 10:20AM
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.
Located at 469 52nd Street in Brooklyn, New York, this six-unit apartment building was constructed in 1906. The three-story property includes front and rear tiers, with six residences configured as three bedrooms and one bathroom each.
The building occupies a 25-by-100-foot lot and measures 25 by 75 feet. It is situated within the R6B zoning district. The six-unit layout and consistent bedroom-and-bathroom configuration provide a clearly defined multifamily asset profile for evaluation by residential investors or prospective owner-occupants.
The building occupies a 25-by-100-foot lot and measures 25 by 75 feet. It is situated within the R6B zoning district. The six-unit layout and consistent bedroom-and-bathroom configuration provide a clearly defined multifamily asset profile for evaluation by residential investors or prospective owner-occupants.
Key Highlights
- Six apartment units, each with 3 bedrooms and 1 bathroom
- Three‑story building with front and rear tiers
- 25x100 lot size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$150,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,000,000
$3.0M
Cap Rate 7%
$2,142,857
$2.1M
Cap Rate 9%
$1,666,667
$1.7M
Market Conditions
NOI Build-Up for 5,625 SF
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.
Gross rent
$283.5K $50.40/SF
− Vacancy
−$10.8K −$1.92/SF
EGI
$272.7K $48.48/SF
− OpEx
−$122.7K −$21.82/SF
NOI
$150.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,000,000
Cap Rate 7%
$2,142,857
Cap Rate 9%
$1,666,667
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.88M – $2.50M
NOI $150,000 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.19M – $4.25M
NOI $255,258 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
6,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with six three-bedroom, one-bathroom residences.
Where is this apartment building located?
The property is located at 469 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six apartment units, each with 3 bedrooms and 1 bathroom; Three‑story building with front and rear tiers; 25x100 lot size
