Brooklyn Multifamily Investment
For Sale
$1,199,000
651 Barbey St, Brooklyn, NY 11207
Spacious 6-unit building with strong income potential in Brooklyn.
Property Size6,150 SF
Price / SF$194.96
Days on Market106
Property Features for 651 Barbey St
General Information
Standard status
Active
Size
6,150 SF
Property subtype
Investment
Building Details
Year Built
1930
Listing Agency:
Douglas Elliman Real Estate
(917) 576-9550
Listed By:
James Chung · License #10301214776
(917) 576-9550
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 7 at 5:16AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This is an oversized six-family building featuring approximately 6,150 square feet of living space with spacious apartment layouts. The property includes four 2-bedroom units and two 3-bedroom units. The building is configured with 7 electric meters and 6 gas meters, allowing for separate utilities. Recent improvements include a new boiler and hot water heater, and the roof was replaced approximately six years ago. The property is conveniently located near public transportation, neighborhood shopping, and local amenities. The location has a bike score of 64, making it bikeable, a walk score of 59, indicating it is somewhat walkable, and a transit score of 76, reflecting excellent transit options. The property is currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate at the asking price. This property is located in Brooklyn, NY.
Key Highlights
- Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.
- Six‑family building with spacious apartment layouts: four 2‑bedroom units and two 3‑bedroom units.
- Excellent transit score (76)** and convenient access to public transportation, shopping, and amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 6-unit building with strong income potential in Brooklyn.
Where is this apartment building located?
The property is located at 651 Barbey St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately $88,000 Net Operating Income (NOI) and a 7% cap rate.; Six‑family building with spacious apartment layouts: **four 2‑bedroom units and two 3‑bedroom units**.; Excellent transit score (76)** and convenient access to public transportation, shopping, and amenities.
