Two-Building Apartment
New
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 Market2
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
Last Checked: Sep 11 at 2:39PM
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 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 = 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 - 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
