Eight-Unit Brick Apartment
For Sale
$2,500,000
5622 4th Avenue, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size8,492 SF
Lot Size0.08 Acres
Price / SF$294.39
Days on Market1230
Property Features for 5622 4th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7A
Bedrooms
23
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 15, Bedroom 7, Bedroom 22, Bedroom 4, Bedroom 17, Bedroom 12, Bedroom 5, Bedroom 14, Bedroom 6, Bedroom 9, Bathroom 3, Bathroom 1, Bedroom 23, Bathroom 7, Bedroom 20, Bedroom 19, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 21, Bedroom 1, Bathroom 6, Bedroom 18, Bathroom 8, Bedroom 11, Bedroom 13, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 16, Bedroom 10
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
8,492 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
19823
Building Details
Year built
1904
Floors in Building
4
Number of units
8
Building materials
Brick
Roof type
Asphalt
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Added: May 31, 2023
Changed: Oct 10
Last Checked: Oct 11 at 1:06AM
MLS# 474434
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.
Investment Insights
Based on property information with market context.
This eight-unit apartment building contains 8,492 square feet across a brick structure completed in 1904. The property includes a mix of two- and three-bedroom apartments, with two ground-floor owner’s units scheduled for vacant delivery. Interior features include refrigerators and stoves, while the building has an asphalt roof and R7A zoning.
Located at 5622 4th Avenue in Brooklyn, the property is near N and R train service, shopping, schools, and NYU Langone Hospital. The site encompasses 0.0765 acres and includes eight bathrooms and 23 bedrooms across the building.
Located at 5622 4th Avenue in Brooklyn, the property is near N and R train service, shopping, schools, and NYU Langone Hospital. The site encompasses 0.0765 acres and includes eight bathrooms and 23 bedrooms across the building.
Key Highlights
- Eight‑unit apartment building with 8,492 square feet
- Two ground‑floor owner’s apartments to be delivered vacant
- Mix of two- and three‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,453
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,529,060
$4.5M
Cap Rate 7%
$3,235,043
$3.2M
Cap Rate 9%
$2,516,144
$2.5M
Market Conditions
NOI Build-Up for 8,492 SF
Gross rent
$428.0K $50.40/SF
− Vacancy
−$16.3K −$1.92/SF
EGI
$411.7K $48.48/SF
− OpEx
−$185.3K −$21.82/SF
NOI
$226.5K $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%
$4,529,060
Cap Rate 7%
$3,235,043
Cap Rate 9%
$2,516,144
Alternative Uses
Best Use
Apartment 5plus
$3.24M
$2.83M – $3.77M
NOI $226,453 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.51M
$4.82M – $6.42M
NOI $385,360 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
7,042
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
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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 - Multifamily property with two vacant ground-floor apartments and a mix of two- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 5622 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Eight‑unit apartment building with 8,492 square feet; Two ground‑floor owner’s apartments to be delivered vacant; Mix of two- and three‑bedroom apartments
