Two-Building Apartment
New
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 Market2
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
Last Checked: Sep 11 at 2:36PM
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
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 = 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
$190,400
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
7.63%
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%
$3,808,000
$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
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
$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 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%
$3,808,000
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.
Property Analytics
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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
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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 - 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
