6-Family Brick Apartment
New
For Sale
$1,599,000
568 39th Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size4,500 SF
Lot Size0.06 Acres
Price / SF$355.33
Days on Market2
Property Features for 568 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 6, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 7
Interior features
Laundry Area, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
4,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11611
Amenities
backyard
Building Details
Year built
1935
Floors in Building
3
Number of units
6
Flooring type
Hardwood, Linoleum, Tile, Carpet
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Added: Oct 5
Last Checked: Oct 6 at 3:06AM
MLS# 504588
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 six-family apartment building at 568 39th Street in Brooklyn is constructed of brick and measures 4,500 square feet. A finished basement has a separate front entrance, and a backyard provides additional outdoor space. The building was constructed in 1935 and has a flat roof.
Three apartments are expected to be vacant at closing. The property is zoned M1-2 and sits on a 0.0575-acre lot. Transportation and shopping are noted in the surrounding area.
Three apartments are expected to be vacant at closing. The property is zoned M1-2 and sits on a 0.0575-acre lot. Transportation and shopping are noted in the surrounding area.
Key Highlights
- Six‑family brick apartment building with 4,500 square feet
- Finished basement with a separate front entrance
- Three apartments to be delivered vacant at closing
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The finished basement has a separate entrance, and the property includes a backyard.
Where is this apartment building located?
The property is located at 568 39th Street 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‑family brick apartment building with 4,500 square feet; Finished basement with a separate front entrance; Three apartments to be delivered vacant at closing
