Brick Four-Unit Apartment
For Sale
$1,150,000
652 Watkins Street, Brooklyn, NY 11212
Residential, Brooklyn, NY
Property Size3,280 SF
Lot Size0.06 Acres
Price / SF$350.61
Days on Market68
Property Features for 652 Watkins Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2
Basement
Finished, Full
Subdivision
Brownsville
Standard status
Active
Size
3,280 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10555
Amenities
fully finished basement
Building Details
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Anita Yeung
(718) 875-8899
Added: Aug 4
Changed: Oct 10
Last Checked: Oct 10 at 7:06PM
MLS# 503531
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 3,280-square-foot brick multifamily property contains four apartments, with three two-bedroom units and one one-bedroom unit. Hardwood flooring, a flat roof, and a fully finished basement are among the building’s physical features. The basement provides additional finished space within the property.
The property is located at 652 Watkins Street in Brooklyn’s 11212 ZIP code. Public transportation, shopping, schools, and hospitals are identified nearby. The 0.0574-acre lot is designated R6 zoning.
The property is located at 652 Watkins Street in Brooklyn’s 11212 ZIP code. Public transportation, shopping, schools, and hospitals are identified nearby. The 0.0574-acre lot is designated R6 zoning.
Key Highlights
- Four‑unit brick multifamily property with three 2‑bedroom apartments and one 1‑bedroom apartment
- 3,280 square feet of building area
- Fully finished basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,135
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,700
$2.0M
Cap Rate 7%
$1,430,500
$1.4M
Cap Rate 9%
$1,112,611
$1.1M
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$185.8K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$182.1K $55.51/SF
− OpEx
−$81.9K −$24.98/SF
NOI
$100.1K $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%
$2,002,700
Cap Rate 7%
$1,430,500
Cap Rate 9%
$1,112,611
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.44M – $1.91M
NOI $114,871 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,135 @ 7.0% cap · market cap 8.71%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.17M
NOI $190,109 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Unit mix includes three two-bedroom apartments and one one-bedroom apartment.
Where is this quadplex located?
The property is located at 652 Watkins Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit brick multifamily property with three 2‑bedroom apartments and one 1‑bedroom apartment; 3,280 square feet of building area; Fully finished basement provides additional interior space
