8-Family Brick Apartment
For Sale
$1,450,000
5907 4th Ave, Brooklyn, NY 11220
Four-story R7A-zoned apartment property with two-bedroom units and strong subway and pedestrian access.
Property Size6,344 SF
Lot Size0.04 Acres
Price / SF$697.12
Days on Market70
Property Features for 5907 4th Ave
General Information
Standard status
Active
Size
6,344 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Zoning
R7A
Units
Unit Mix
8 x 2BR
Multifamily Units
8
Additional Details
Gross Income
$117,765
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,727
Building Details
Building Size
6,344 SF
Year Built
1931
Buildings
1
Stories
4
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Yuyi Cheng
(917) 708-9966
Source:
Elliman
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 24 at 7:11PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
Located at 5907 4th Ave in Brooklyn, this 1931 brick apartment building contains eight family units across four stories, with two apartments on each floor. Each unit includes two bedrooms and one living room. The building measures 26 × 80, while the lot measures 26 × 61. One apartment is currently vacant.
The property is near the N and R trains at 59th Street and NYU Langone Hospital. R7A zoning applies to the site. WalkScore is 97, TransitScore is 86, and bikeScore is 82, reflecting established access to rail, walking routes, and bicycling connections. The reported cap rate is over 5%.
The property is near the N and R trains at 59th Street and NYU Langone Hospital. R7A zoning applies to the site. WalkScore is 97, TransitScore is 86, and bikeScore is 82, reflecting established access to rail, walking routes, and bicycling connections. The reported cap rate is over 5%.
Key Highlights
- 8‑family brick apartment building built in 1931
- Four stories with 2 units per floor
- Each apartment includes 2 bedrooms and 1 living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,467
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,109,340
$1.1M
Cap Rate 7%
$792,386
$792.4K
Cap Rate 9%
$616,300
$616.3K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$104.8K $50.40/SF
− Vacancy
−$4.0K −$1.92/SF
EGI
$100.8K $48.48/SF
− OpEx
−$45.4K −$21.82/SF
NOI
$55.5K $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%
$1,109,340
Cap Rate 7%
$792,386
Cap Rate 9%
$616,300
Alternative Uses
Best Use
Apartment 5plus
$792.4K
$693.3K – $924.5K
NOI $55,467 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,389 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
6,084
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story R7A-zoned apartment property with two-bedroom units and strong subway and pedestrian access.
Where is this apartment building located?
The property is located at 5907 4th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8‑family brick apartment building built in 1931; Four stories with 2 units per floor; Each apartment includes 2 bedrooms and 1 living room
