Building Details

Building Size 1,100 SF

Year Built 1954

Listing Agency: The Agency Brokerage

Listed By: DANIEL G HALL · License #10301217030 Show Phone

Source: Howardhannanyc

Added: Nov 27, 2025 Changed: Sep 29 Last Checked: Oct 7 at 5:24PM

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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 The Agency Brokerage

Investment Insights

Based on property information with market context.

A multifamily property located at 61 Oliver St 4P, Brooklyn, NY 11209, is available for sale.

Key Highlights

• Year Built: 1954
• Price: $11

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,582

Cap Rate

6.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$671,640 $671.6K

Cap Rate 7%

$479,743 $479.7K

Cap Rate 9%

$373,133 $373.1K

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$62.3K $56.64/SF

− Vacancy

−$1.2K −$1.13/SF

EGI

$61.1K $55.51/SF

− OpEx

−$27.5K −$24.98/SF

NOI

$33.6K $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%

$671,640

Cap Rate 7%

$479,743

Cap Rate 9%

$373,133

Alternative Uses

Best Use

Apartment 5plus

$479.7K

$419.8K – $559.7K (±1% cap)

NOI $33,582 @ 7.0% cap · market cap 6.47%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$910.8K

$797.0K – $1.06M (±1% cap)

NOI $63,756 @ 7.0% cap · market cap 12.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dr. John B. ... Physician Nephrology Associates Brooklyn Medical Clinic

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,817

Businesses Nearby

Explore this area Business Placement

Demographics for 11209, NY

73,239

Population

33,286

Households

2.2

Avg Household Size

40

Median Age

53%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

34,876

Density / Sq Mi

$92,656

Median Household Income

$62,455

Median Earnings

$1,857

Median Rent

$905,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property available in Brooklyn, New York.

Where is this multifamily property located?

The property is located at 61 OLIVER Street 2A Brooklyn, NY.

What is the asking price?

The asking price for this property is $519,000.

What are key features of this property?

This property features: Year Built: 1954; Price: $11