Two-Building Apartment
For Sale
$2,495,000
528 50th St, Brooklyn, NY 11220
Separate apartment buildings are offered together with rent-stabilized and rent-controlled units.
Property Size7,140 SF
Days on Market48
Property Features for 528 50th St
General Information
Standard status
Active
Size
7,140 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$36,527
Building Details
Building Size
7,140 SF
Year Built
1931
Buildings
2
Stories
4
Listing Agency:
Momentum Real Estate LLC
Listed By:
Jenny A. Khin
(718) 382-0001
Source:
Elliman
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 5:27PM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
This multifamily offering combines 528 50th Street and 530 50th Street in Brooklyn in one coordinated acquisition. Both buildings date to 1931 and contain 9 apartments each, creating a two-property residential portfolio rather than a standalone building purchase.
The unit mix includes rent-stabilized and rent-controlled apartments. Each building is separately metered with 10 gas meters and 10 electric meters, supporting distinct utility accounting across the properties. The addresses are served by strong walkability, transit, and cycling infrastructure, with a Walk Score of 91, Transit Score of 89, and Bike Score of 74.
The unit mix includes rent-stabilized and rent-controlled apartments. Each building is separately metered with 10 gas meters and 10 electric meters, supporting distinct utility accounting across the properties. The addresses are served by strong walkability, transit, and cycling infrastructure, with a Walk Score of 91, Transit Score of 89, and Bike Score of 74.
Key Highlights
- Two Brooklyn apartment buildings offered as one portfolio
- 528 50th Street and 530 50th Street included in the acquisition
- Each building contains 9 apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,400
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,808,000
$3.8M
Cap Rate 7%
$2,720,000
$2.7M
Cap Rate 9%
$2,115,556
$2.1M
Market Conditions
NOI Build-Up for 7,140 SF
Gross rent
$359.9K $50.40/SF
− Vacancy
−$13.7K −$1.92/SF
EGI
$346.2K $48.48/SF
− OpEx
−$155.8K −$21.82/SF
NOI
$190.4K $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%
$3,808,000
Cap Rate 7%
$2,720,000
Cap Rate 9%
$2,115,556
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,400 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,007 @ 7.0% cap · market cap 12.99%
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
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
6,917
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?
Apartment building - Separate apartment buildings are offered together with rent-stabilized and rent-controlled units.
Where is this apartment building located?
The property is located at 528 50th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Two Brooklyn apartment buildings offered as one portfolio; 528 50th Street and 530 50th Street included in the acquisition; Each building contains 9 apartments
