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Six-Unit Brick Apartment Building
For Sale
$1,100,000

651 Barbey Street, Brooklyn, NY 11207

Commercial Sale, Brooklyn, NY

Property Size6,150 SF
Lot Size0.06 Acres
Price / SF$178.86
Days on Market167

Property Features for 651 Barbey Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R5
Rooms Basement
Basement Full
Elementary school Ps 13 Roberto Clemente
Middle school Jhs 292 Margaret S Douglas
High school Perf Arts & Tech High School
Elementary school district Brooklyn 19
Middle school district Brooklyn 19
High school district Brooklyn 19
Directions Refer to Google Maps.
Standard status Active
APN 04077-0008
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11161

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1930
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Douglas Elliman Real Estate
Listed By: James Y. Chung · License #10301214776
Added: Mar 16 Changed: Aug 19 Last Checked: Aug 29 at 11:06AM
MLS# 972287

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1930 brick apartment building contains six residences totaling approximately 6,150 square feet of living space. The unit mix includes four two-bedroom apartments and two three-bedroom apartments, creating a range of layouts within the property. Separate utility configuration includes 7 electric meters and 6 gas meters. A new boiler and hot water heater have been installed, while the roof was replaced approximately six years ago.

The property is located at 651 Barbey Street in Brooklyn, near public transportation, neighborhood retail, and local amenities. The parcel measures 0.06 acres and carries R5 zoning. Public water and public sewer serve the property, with natural gas heating and cable availability. Current performance is reported at approximately a 7% cap rate.

Key Highlights

  • Six‑unit building with four 2‑bedroom apartments and two 3‑bedroom apartments
  • Approximately 6,150 square feet of living space on a 0.06‑acre parcel
  • 7 electric meters and 6 gas meters support separate utility billing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,593
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - R5-zoned multifamily property with varied apartment layouts and separately metered electric and gas service.
Where is this apartment building located?
The property is located at 651 Barbey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six‑unit building with four 2‑bedroom apartments and two 3‑bedroom apartments; Approximately 6,150 square feet of living space on a 0.06‑acre parcel; 7 electric meters and 6 gas meters support separate utility billing
More about this property
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