516 72nd Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jul 5, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 8 at 6:06 pm
Property Features for 516 72nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C1-3/R6B
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4
- Parking features
- Garage - Attached
- Interior features
- Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,420 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11940
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Jul 5, 2026
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.
HighLights
- Semi‑detached 4‑family brick building built in 1905 with a finished full basement
- Mixed zoning: C1‑3 & R6B—potential to convert the building in whole or in part to commercial use (subject to architect review and NYC approvals)
- Oversized 30' x 100' lot with a 20' x 55' building, plus a spacious side yard and backyard
- 20th x 55' building roof is flat; flooring includes hardwood and tile
- 10‑foot private driveway and built‑in attached garage
- Unit mix: 1st‑floor duplex (2BR/2BA + finished basement), 2nd‑floor 3BR, and two 1‑bedroom apartments on the 3rd floor
Overview
The building is configured with a duplex on the first floor, a 3-bedroom apartment on the second floor, and two one-bedroom apartments on the third floor. Each unit has a separate living room, dining room, and kitchen. The site has mixed zoning designated as C1-3 and R6B, which can support flexibility for potential conversion of the building in whole or in part, subject to architect review and NYC approvals.
For buyers, investors, or owner-occupants, the current multi-unit layout offers multiple apartment sizes within one property, including two one-bedroom units plus larger configurations upstairs. The mixed zoning provides an added consideration for operators evaluating possible alternate uses, while the private driveway, garage, and finished basement add practical everyday space for residents or tenants.
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 | $174.4k | $51.00 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $171.1k | $50.03 |
| − OpEx | −$51.3k | −$15.01 |
| NOI | $119.8k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.021357
- Latitude
- 40.631271
