6-Unit Brick Apartment
New
For Sale
$1,599,000
568 39th St, Brooklyn, NY 11232
Business Opportunity, Brooklyn, NY
Property Size4,500 SF
Lot Size0.06 Acres
Price / SF$355.33
Days on Market3
Property Features for 568 39th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 3
Subdivision
Sunset Park
Standard status
Active
Size
4,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11611
Utilities
Heating system
Hot Water(Heating), Steam, Natural Gas
Building Details
Year built
1935
Floors in Building
3
Flooring type
Carpet, Hardwood, Linoleum
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 4:06AM
MLS# 12014495
Copyright © 2026 My State MLS. 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 6-unit apartment building in Brooklyn contains 4,500 square feet on a 0.0575-acre lot. Built in 1935, the semi-detached property has brick construction, a finished basement with a separate front entrance, and a backyard. Three apartments are expected to be vacant at closing.
The building is in Sunset Park, with transportation options and shopping in the surrounding area. Interior flooring includes carpet, hardwood, and linoleum; heating is provided by hot water and steam systems using natural gas.
The building is in Sunset Park, with transportation options and shopping in the surrounding area. Interior flooring includes carpet, hardwood, and linoleum; heating is provided by hot water and steam systems using natural gas.
Key Highlights
- Six apartments in a 4,500‑square‑foot building
- Three apartments expected to be vacant at closing
- Finished basement with a separate front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,380
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
$2.7M
Cap Rate 7%
$1,962,571
$2.0M
Cap Rate 9%
$1,526,444
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$254.9K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$249.8K $55.51/SF
− OpEx
−$112.4K −$24.98/SF
NOI
$137.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
Cap Rate 7%
$1,962,571
Cap Rate 9%
$1,526,444
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
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 - Three apartments are expected to be vacant at closing, allowing for immediate occupancy of those units.
Where is this apartment building located?
The property is located at 568 39th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Six apartments in a 4,500‑square‑foot building; Three apartments expected to be vacant at closing; Finished basement with a separate front entrance
