6-Unit Apartment
For Sale
$2,275,000
65 Jewel St, Brooklyn, NY 11222
Business Opportunity, Greenpoint, NY
Property Size3,750 SF
Lot Size0.11 Acres
Price / SF$606.67
Days on Market183
Property Features for 65 Jewel St
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 7, Bathroom 3
Subdivision
Greenpoint
Standard status
Active
Size
3,750 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
12307
Utilities
Heating system
Steam, Oil
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Buildings
1
Listing Agency:
GRAVITY REAL ESTATE ADVISORS LLC
Listed By:
Dimitrios Kapelonis
Added: May 4
Changed: Oct 30
Last Checked: Nov 2 at 2:06AM
MLS# 11739100
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 3,750 square feet on a 25' x 100' lot. Unit 1R is a free-market one-bedroom with its own patio and access to the full backyard. The property was built in 1930 and has steam and oil heating with a public water source.
The building is located on Jewel St in Greenpoint, Brooklyn, near transportation, retail, and dining. Its location also provides access to Williamsburg and Manhattan. The property carries a projected 6.2% pro forma cap rate.
The building is located on Jewel St in Greenpoint, Brooklyn, near transportation, retail, and dining. Its location also provides access to Williamsburg and Manhattan. The property carries a projected 6.2% pro forma cap rate.
Key Highlights
- 6‑unit multifamily building with 3,750 square feet
- 25' x 100' lot in Greenpoint, Brooklyn
- Free‑market 1‑bedroom Unit 1R
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,484
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,289,680
$2.3M
Cap Rate 7%
$1,635,486
$1.6M
Cap Rate 9%
$1,272,044
$1.3M
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$212.4K $56.64/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$208.2K $55.51/SF
− OpEx
−$93.7K −$24.98/SF
NOI
$114.5K $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%
$2,289,680
Cap Rate 7%
$1,635,486
Cap Rate 9%
$1,272,044
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,484 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,350 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Greenpoint multifamily property with a free-market one-bedroom, private patio, and full 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 with 3,750 square feet; 25' x 100' lot in Greenpoint, Brooklyn; Free‑market 1‑bedroom Unit 1R
