6-Unit Brick Apartment
For Sale
$1,650,000
469 52nd Street, Brooklyn, NY 11220
Residential, Bungalow, Brooklyn, NY
Property Size5,625 SF
Lot Size0.06 Acres
Price / SF$293.33
Days on Market192
Property Features for 469 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 1
Interior features
Alarm
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
5,625 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
12722
Building Details
Year built
1906
Number of units
6
Flooring type
Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Bungalow
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
FengZhen (Cindy) Chen
(718) 680-2776
Added: Mar 11
Changed: Sep 15
Last Checked: Sep 17 at 11:06PM
MLS# 499560
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.
Investment Insights
Based on property information with market context.
This 5,625-square-foot apartment building contains six residential units arranged across three stories. Each unit is configured with three bedrooms and one bathroom, providing a consistent layout throughout the property. The structure was built in 1906 and features brick construction, tile flooring, an asphalt roof, and an alarm system. The building measures 25 by 75 feet on a 25-by-100-foot lot.
Located at 469 52nd Street in Brooklyn, the property carries R6B zoning and is identified within Kings County. Its six-unit configuration supports a multifamily ownership or leasing format, while the uniform floor plans may simplify ongoing property management and unit turnover. The address is in ZIP Code 11220.
Located at 469 52nd Street in Brooklyn, the property carries R6B zoning and is identified within Kings County. Its six-unit configuration supports a multifamily ownership or leasing format, while the uniform floor plans may simplify ongoing property management and unit turnover. The address is in ZIP Code 11220.
Key Highlights
- Six apartment units, each with 3 bedrooms and 1 bathroom
- 5,625‑square‑foot multifamily building on a 0.0574‑acre lot
- 25‑by‑100‑foot lot with a 25‑by‑75‑foot building footprint
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
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Open Analytics
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
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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 - Three-story residential property with six three-bedroom units, brick construction, tile flooring, and an alarm system.
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; 5,625‑square‑foot multifamily building on a 0.0574‑acre lot; 25‑by‑100‑foot lot with a 25‑by‑75‑foot building footprint
