Brownstone Multifamily
For Sale
$1,688,000
522 62nd Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size2,200 SF
Lot Size0.05 Acres
Price / SF$767.27
Days on Market169
Property Features for 522 62nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 3
Subdivision
Sunset Park
Standard status
Active
Size
2,200 SF
Lot size
0.05 Acres
Listing Agency:
Sun Realty New York Inc
Listed By:
Dongyun Lin
(718) 650-5775
Added: May 11
Changed: Oct 20
Last Checked: Oct 26 at 11:06PM
MLS# 501339
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.
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Investment Insights
Based on property information with market context.
This brownstone multifamily property contains approximately 2,200 square feet with six bedrooms and three bathrooms. The building measures 20x52 on a 20x100 lot, providing a compact urban footprint in a residential setting. The property is offered in its current as-is condition.
Transit access includes the N train at 8th Avenue Station and N and R service at the 59th Street station. The property is also near commercial districts along 5th, 7th, and 8th avenues, with access to I-278. The source information identifies 1,800 SQ of additional air rights and indicates potential for one or two additional stories.
Transit access includes the N train at 8th Avenue Station and N and R service at the 59th Street station. The property is also near commercial districts along 5th, 7th, and 8th avenues, with access to I-278. The source information identifies 1,800 SQ of additional air rights and indicates potential for one or two additional stories.
Key Highlights
- 2,200 Square Feet with six bedrooms and three bathrooms
- 20x100 lot with a 20x52 building footprint
- 1,800 SQ of additional air rights identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$110.9K $50.40/SF
− Vacancy
−$4.2K −$1.92/SF
EGI
$106.7K $48.48/SF
− OpEx
−$48.0K −$21.82/SF
NOI
$58.7K $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 Rate 5%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,834 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,675
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Six-bedroom, three-bath residence near subway stations, commercial corridors, and I-278.
Where is this multifamily property located?
The property is located at 522 62nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: 2,200 Square Feet with six bedrooms and three bathrooms; 20x100 lot with a 20x52 building footprint; 1,800 SQ of additional air rights identified
