Two-Building Apartment
For Sale
$2,495,000
528 50th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size7,140 SF
Lot Size0.06 Acres
Price / SF$349.44
Days on Market49
Property Features for 528 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
11
Full bathrooms
11
Rooms
Bathroom 5, Bathroom 9, Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 11, Bathroom 3, Bathroom 10, Bathroom 1, Bathroom 2, Bathroom 8
Basement
Finished, Full
Subdivision
Sunset Park
Standard status
Active
Size
7,140 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
36527
Building Details
Year built
1931
Floors in Building
4
Number of units
9
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Jenny A. Khin
(718) 382-0001
Added: Sep 10
Changed: Oct 20
Last Checked: Oct 28 at 1:06AM
MLS# 504431
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering combines two separate multifamily buildings at 528 50th Street and 530 50th Street in Brooklyn. The properties are sold together and cannot be purchased individually, with simultaneous closings required under separate contractual agreements. Each building contains 9 apartments and is constructed of brick, with hardwood flooring and flat roofs. The combined property size is 7,140 square feet, and the buildings were constructed in 1931.
The apartments include both rent-stabilized and rent-controlled units. Each building is equipped with 10 individual gas meters and 10 individual electric meters. The property is zoned R6B and is located in Brooklyn, NY 11220. The package structure provides ownership of both adjacent 50th Street addresses through a single coordinated acquisition.
The apartments include both rent-stabilized and rent-controlled units. Each building is equipped with 10 individual gas meters and 10 individual electric meters. The property is zoned R6B and is located in Brooklyn, NY 11220. The package structure provides ownership of both adjacent 50th Street addresses through a single coordinated acquisition.
Key Highlights
- Two‑building package includes 528 50th Street and 530 50th Street, Brooklyn, NY 11220
- Each building contains 9 apartments
- Apartments include rent‑stabilized and rent‑controlled units
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 - Paired Brooklyn rental buildings with rent-stabilized and rent-controlled apartments, individual utility metering, and brick construction.
Where is this apartment building located?
The property is located at 528 50th Street 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‑building package includes 528 50th Street and 530 50th Street, Brooklyn, NY 11220; Each building contains 9 apartments; Apartments include rent‑stabilized and rent‑controlled units
