6-Unit Multifamily Building with
65 Jewel St Brooklyn, NY 11222
For Sale
Contact for pricing
Six-unit multifamily building on a 25' x 100' lot with a free-market 1-bedroom featuring a private patio and backyard.
Property Size5,000 SF
Lot Size0.06 Acres
Price / SF$455
Days on Market83
Property Features for 65 Jewel St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing Agency:
GRAVITY REAL ESTATE ADVISORS LLC
(917) 579-1373
Listed By:
Dimitrios Kapelonis
Source:
Crexi
Added: May 5
Changed: Jul 20
Last Checked: Jul 26 at 10:30AM
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 GRAVITY REAL ESTATE ADVISORS LLC
Investment Insights
Based on property information with market context.
Well-located six-unit multifamily building at 65 Jewel St in Greenpoint, Brooklyn, situated on a 25' x 100' lot. The building includes a free-market 1-bedroom (Unit 1R) that offers a private patio and access to a full backyard, creating an outdoor-focused layout for everyday use.
The property is described as being in the heart of Greenpoint, with convenient access to transportation, retail, and dining, and easy routes to Williamsburg and Manhattan.
The offering is presented with strong in-place income and a projected 6.2% pro forma cap rate.
The property is described as being in the heart of Greenpoint, with convenient access to transportation, retail, and dining, and easy routes to Williamsburg and Manhattan.
The offering is presented with strong in-place income and a projected 6.2% pro forma cap rate.
Key Highlights
- 6‑unit multifamily building built in 1930 on a 25' x 100' lot
- Includes a free‑market 1‑bedroom (Unit 1R) with a private patio and access to a full backyard
- Projected 6.2% pro forma cap rate
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 | $283.2k | $56.64 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $277.5k | $55.51 |
| − OpEx | −$124.9k | −$24.98 |
| NOI | $152.6k | $30.53 |
5,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,645 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,800 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily building on a 25' x 100' lot with a free-market 1-bedroom featuring a private patio and backyard.
Where is this apartment building located?
The property is located at 65 Jewel St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1930 on a 25' x 100' lot; Includes a free‑market 1‑bedroom (Unit 1R) with a private patio and access to a full backyard; Projected 6.2% pro forma cap rate
