Vacant 3-Unit Brick
For Sale
$1,888,000
Pending
535 61st St, Brooklyn, NY 11220
Three apartments offer one-, two-, and three-bedroom layouts alongside a full basement and expansive backyard.
Property Size2,820 SF
Days on Market65
Property Features for 535 61st St
General Information
Standard status
Pending
Size
2,820 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,529
Building Details
Building Size
2,820 SF
Year Built
1910
Buildings
1
Stories
2
Construction
semi-detached brick
Listing Agency:
Century 21 Block & Lot R.E
Listed By:
Ali G. Tom · License #AT7155
(718) 768-4500
Source:
Elliman
Added: Aug 21
Changed: Oct 17
Last Checked: Oct 23 at 9:19AM
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 Century 21 Block & Lot R.E
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Investment Insights
Based on property information with market context.
This semi-detached brick triplex contains three separate apartments and is expected to be vacant at closing. The ground-floor residence has 4 rooms with 1 bedroom and 1 bath; the second-floor apartment includes 4 rooms, 2 bedrooms, and 1 bath; and the top-floor unit offers 5 rooms, 3 bedrooms, and 1 bath. A full basement provides storage and may be finished for additional recreational or work space. An expansive backyard adds outdoor space for gardening, entertaining, or everyday use.
Built in 1910, the property is located at 535 61st St in Brooklyn’s Sunset Park area. Fifth Avenue shops, restaurants, cafés, supermarkets, and neighborhood services are nearby, while the 59th Street station provides N express and R local subway service. Bus routes run along Fifth Avenue, and Industry City, Sunset Park, 8th Avenue, and Bush Terminal Piers Park are also in the surrounding area. Walk Score is 97, Transit Score is 86, and bikeScore is 82.
Built in 1910, the property is located at 535 61st St in Brooklyn’s Sunset Park area. Fifth Avenue shops, restaurants, cafés, supermarkets, and neighborhood services are nearby, while the 59th Street station provides N express and R local subway service. Bus routes run along Fifth Avenue, and Industry City, Sunset Park, 8th Avenue, and Bush Terminal Piers Park are also in the surrounding area. Walk Score is 97, Transit Score is 86, and bikeScore is 82.
Key Highlights
- Three apartments with 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts
- Vacant at closing, supporting flexible occupancy options
- Full basement with storage and potential for additional finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,964
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,280
$1.7M
Cap Rate 7%
$1,199,486
$1.2M
Cap Rate 9%
$932,933
$932.9K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$125.2K $44.40/SF
− Vacancy
−$5.3K −$1.86/SF
EGI
$119.9K $42.54/SF
− OpEx
−$36.0K −$12.76/SF
NOI
$84.0K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,280
Cap Rate 7%
$1,199,486
Cap Rate 9%
$932,933
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,964 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$1.07M
$940.0K – $1.25M
NOI $75,200 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,969 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,675
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer one-, two-, and three-bedroom layouts alongside a full basement and expansive backyard.
Where is this triplex located?
The property is located at 535 61st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Three apartments with 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts; Vacant at closing, supporting flexible occupancy options; Full basement with storage and potential for additional finished space
