6-Unit Multifamily Building with
For Sale
Contact for pricing
65 Jewel St, Brooklyn, NY 11222
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 Market175
Property Features for 65 Jewel St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Additional Details
Cap Rate
6.2%
Multifamily Units
6
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
GRAVITY REAL ESTATE ADVISORS LLC
Listed By:
Dimitrios Kapelonis
(917) 579-1373
Source:
Crexi
Added: May 5
Changed: Oct 25
Last Checked: Oct 24 at 1:36PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$152,645
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,900
$3.1M
Cap Rate 7%
$2,180,643
$2.2M
Cap Rate 9%
$1,696,056
$1.7M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$283.2K $56.64/SF
− Vacancy
−$5.7K −$1.13/SF
EGI
$277.5K $55.51/SF
− OpEx
−$124.9K −$24.98/SF
NOI
$152.6K $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%
$3,052,900
Cap Rate 7%
$2,180,643
Cap Rate 9%
$1,696,056
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 authorities.
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Property Analytics
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
