648 51st Street Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Features for 648 51st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Interior features
- Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,128 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6573
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Qi Weng (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Jul 15, 2026
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Investment Insights
Based on property information with market context.
Located in Brooklyn near Sunset Park and close to restaurants and supermarkets, the property provides convenient access to surrounding everyday amenities.
The asset totals 2,128 square feet and sits on a small 0.046-acre lot, offering a compact residential configuration suited to both investment and owner-occupant use.
Key Highlights
- 2‑family house with 2 stories of living space plus a finished basement
- Brick construction with flat roof
- Year built: 1905
Local Financial Insights For Multifamily LT 5
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 | $94.5k | $44.40 |
| − Vacancy | −$4.0k | −$1.86 |
| EGI | $90.5k | $42.54 |
| − OpEx | −$27.2k | −$12.76 |
| NOI | $63.4k | $29.77 |
