Oversized 6-Family Residential
641 56th Street Brooklyn, NY 11220
641 56th Street, Brooklyn, NY, 11220
$1,750,000
For Sale
$1,750,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,680 SF
Lot Size0.06 Acres
Price / SF$373.93
Days on Market31
Property Features for 641 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 15
- Bathrooms
- 7
- Rooms
- Bedroom 1, Bedroom 10, Bathroom 2, Bathroom 3, Bedroom 13, Bedroom 12, Bathroom 6, Bathroom 5, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 15, Bathroom 4, Bedroom 5, Bathroom 7, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 14, Bedroom 4
- Interior features
- A/C Unit - Window, Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 4,680 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23526
Building Details
- Year built
- 1924
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jun 16 Checked: Jul 16 at 8:06 pm
MLS# 502186
Listing URL
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 residential building is set on a 25’ x 100’ lot and features an approximately 25’ x 72’ building footprint. The property includes a full basement with a separate front entrance. Unit mix consists of three three-bedroom apartments and three two-bedroom apartments, providing a consistent blend of family and smaller household layouts. Separate gas boilers and hot water heaters serve the apartments, allowing tenants to pay their own heat, hot water, and cooking gas.
The building is located at 641 56th Street in Brooklyn (Sunset Park area) and is described as convenient to shopping, restaurants, schools, and transportation. Zoning is R6B.
For buyers seeking a multi-family asset, the layout supports long-term occupancy planning with a balanced 2BR/3BR offering. Three apartments are currently owner/employee occupied, while the remaining units are available as part of the overall investment setup. The separate entrance and individual heating and hot-water systems are practical features for day-to-day operation and tenant responsibility.
The building is located at 641 56th Street in Brooklyn (Sunset Park area) and is described as convenient to shopping, restaurants, schools, and transportation. Zoning is R6B.
For buyers seeking a multi-family asset, the layout supports long-term occupancy planning with a balanced 2BR/3BR offering. Three apartments are currently owner/employee occupied, while the remaining units are available as part of the overall investment setup. The separate entrance and individual heating and hot-water systems are practical features for day-to-day operation and tenant responsibility.
Key Highlights
- 6‑family brick building (25' x 72') on a 25' x 100' lot
- Unit mix: 3 three‑bedroom apartments and 3 two‑bedroom apartments
- Full basement with a separate front entrance
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $235.9k | $50.40 |
| − Vacancy | −$9.0k | −$1.92 |
| EGI | $226.9k | $48.48 |
| − OpEx | −$102.1k | −$21.82 |
| NOI | $124.8k | $26.67 |
4,680 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,800 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,375 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit building with a full basement and separate entrances, with individual gas heat and hot water systems.
Where is this apartment building located?
The property is located at 641 56th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6‑family brick building (25' x 72') on a 25' x 100' lot; Unit mix: 3 three‑bedroom apartments and 3 two‑bedroom apartments; Full basement with a separate front entrance
