Two-Building Apartment
For Sale
$2,495,000
530 50th St, Brooklyn, NY 11220
The portfolio contains rent-stabilized and rent-controlled apartments with separate utility metering at each building.
Property Size7,140 SF
Days on Market48
Property Features for 530 50th St
General Information
Standard status
Active
Size
7,140 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$36,527
Building Details
Building Size
7,140 SF
Year Built
1921
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 25
Last Checked: Oct 26 at 3:35PM
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 apartment portfolio combines two multifamily buildings at 528 50th Street and 530 50th Street in Brooklyn. The properties are offered together and cannot be purchased separately, with simultaneous closing required under separate concurrent agreements. Each building contains 9 apartments and features rent-stabilized and rent-controlled units. Individual utility infrastructure includes 10 gas meters and 10 electric meters per building.
The buildings are identified with a 1921 year built. The Brooklyn location records a Walk Score of 91, a Transit Score of 89, and a bikeScore of 74, indicating established access by foot, public transportation, and bicycle.
The buildings are identified with a 1921 year built. The Brooklyn location records a Walk Score of 91, a Transit Score of 89, and a bikeScore of 74, indicating established access by foot, public transportation, and bicycle.
Key Highlights
- Two‑building package at 528 50th Street and 530 50th Street, Brooklyn, NY 11220
- Each building contains 9 apartments
- Each building has 10 individual gas meters and 10 individual electric meters
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 - The portfolio contains rent-stabilized and rent-controlled apartments with separate utility metering at each building.
Where is this apartment building located?
The property is located at 530 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‑building package at 528 50th Street and 530 50th Street, Brooklyn, NY 11220; Each building contains 9 apartments; Each building has 10 individual gas meters and 10 individual electric meters
