Solid Brick 8-Unit Apartment
For Sale
$2,500,000
5622 4th Avenue, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size8,492 SF
Lot Size0.08 Acres
Price / SF$294.39
Days on Market1184
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 17, Bathroom 2, Bathroom 3, Bedroom 20, Bedroom 22, Bedroom 10, Bathroom 8, Bathroom 1, Bedroom 5, Bedroom 15, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 19, Bedroom 21, Bathroom 7, Bedroom 18, Bathroom 6, Bedroom 11, Bedroom 9, Bathroom 5, Bedroom 16, Bedroom 23, Bedroom 2, Bedroom 13, Bathroom 4, Bedroom 3, Bedroom 14, Bedroom 7, Bedroom 6, Bedroom 12
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
(718) 532-2000
Added: May 31, 2023
Changed: Aug 5
Last Checked: Aug 26 at 8:06AM
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.
5622 4th Avenue in Brooklyn offers a well-maintained, solid brick 8-family apartment building with 8,492 square feet of building area on a 0.0765-acre lot. The property was built in 1904 and has an asphalt roof. Interior features include a refrigerator and stove.
The building includes 2 and 3 bedroom apartments, with the 2 ground-floor owner’s apartments to be delivered vacant. The property is positioned close to the N & R trains, shopping, schools, and NYU Langone hospital.
Zoned R7A, this is set up to accommodate a variety of residential needs within a brick multifamily format and a straightforward on-site layout that includes two owner units on the ground floor.
The building includes 2 and 3 bedroom apartments, with the 2 ground-floor owner’s apartments to be delivered vacant. The property is positioned close to the N & R trains, shopping, schools, and NYU Langone hospital.
Zoned R7A, this is set up to accommodate a variety of residential needs within a brick multifamily format and a straightforward on-site layout that includes two owner units on the ground floor.
Key Highlights
- 0.0765‑acre lot with 8,492 SF building area
- Solid brick 8‑family apartment building
- R7A zoning
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
$226,453
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
9.06%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Solid brick 8-family building in R7A zoning with two ground-floor owner units delivered vacant.
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: 0.0765‑acre lot with 8,492 SF building area; Solid brick 8‑family apartment building; R7A zoning
