Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brooklyn Multifamily Property for Sale Title is generated by Realmo AI

    658 46th Street, Brooklyn, NY 11220

    View on Map
    Claim this Listing
    For Sale
    $1,530,000

    MULTI_FAMILY - Brooklyn, NY

    Lot size:
    0.05 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    134
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 658 46th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6B
    Rooms
    Basement
    Basement
    Unfinished
    Standard status
    Active
    APN
    00758-0031
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    18077

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1928
    Number of units
    6
    Building materials
    Brick

    We can help!

    Listing Contact
    Yuexian Zheng

    Listing agent Yuexian Zheng

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date Jan 8, 2026

    MLS# 949777

    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.

    HighLights

    • Brick construction offers classic appeal and durability.
    • Natural gas heating for efficient warmth.
    • Public water source ensures reliable access.
    • Public sewer connected.
    • Features a basement.
    • Built in 1928.

    Overview

    A multifamily property located in Brooklyn, NY, is available for sale. The property is situated on a lot of approximately 0.046 acres. The zoning is classified as R6B. The property is located in the Kings (Brooklyn) County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.004513
    Latitude
    40.645011

    Nearby Similar for Sale

    • $999,000
      8,820 SF

      Established Supermarket Business For Sale

      High-volume supermarket in Bensonhurst/Gravesend with excellent street exposure.
      65 Quentin Road, Brooklyn, NY 11223
      View Details
    • $2,500,000
      3,000 SF

      Brooklyn Commercial Automotive Repair Facility

      Commercial property in Brooklyn, currently an automotive repair and service facility.
      4201 Glenwood Road, Brooklyn, NY 11210
      View Details
    • $375,000
      3,120 SF

      Established Restaurant in Sunset Park

      Asian restaurant for sale in prime Sunset Park area.
      5304 8th Avenue, Brooklyn, NY 11220
      View Details
    • $549,000
      7,900 SF

      Established Karaoke Bar & Sushi

      Turnkey karaoke bar and sushi restaurant in Bensonhurst, Brooklyn.
      6115 20th Avenue, Brooklyn, NY 11204
      View Details
    • $480,000
      1,000 SF

      Profitable Pharmacy Business in Brooklyn

      Established pharmacy business for sale in Sheepshead Bay, Brooklyn.
      1222 Avenue U, Brooklyn, NY 11229
      View Details
    • $999,000
      1,360 SF

      Brooklyn Retail Space Near Transit

      Versatile 1,360 sqft retail space near D train.
      2430 Stillwell Avenue, Brooklyn, NY 11223
      View Details
    • $1,988,000
      3,740 SF

      Flatbush Avenue Retail Investment Opportunity

      High-exposure retail asset with stable income and development potential.
      1800 Flatbush Avenue, Brooklyn, NY 11210
      View Details
    • $2,190,000
      3,500 SF

      Luxury Atelier & Designer Showroom

      Turnkey, two-story luxury atelier in Sunset Park, Brooklyn.
      821 39th Street, Brooklyn, NY 11232
      View Details
    • $1,899,000
      3,158 SF

      Prime Kings Highway Commercial Unit

      Spacious commercial unit in a high-traffic Brooklyn location.
      366 Kings Highway, Brooklyn, NY 11223
      View Details
    • $500,000
      6,000 SF

      Turnkey Restaurant and Bar Opportunity

      Turnkey restaurant and bar for sale in Brooklyn, NY.
      207 Starr Street, Brooklyn, NY 11237
      View Details
    • $899,000
      2,879 SF

      Brooklyn Commercial Condo with Parking

      Ground floor commercial condo with cellar and deeded parking.
      2533 Ocean Avenue, Brooklyn, NY 11229
      View Details
    • $1,698,000
      1,846 SF

      Medical Condo in Bensonhurst, Brooklyn

      Medical condo with equipment, patient database, and revenue potential.
      7620 Bay Parkway, Brooklyn, NY 11214
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Brooklyn, NY, available for purchase.
    Where is this apartment building located?
    The property is located at 658 46th Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,530,000.
    What are key features of this property?
    This property features: Brick construction offers classic appeal and durability.; Natural gas heating for efficient warmth.; Public water source ensures reliable access.
    (917) 325-7172
    We can help!
    Listing Contact
    Yuexian Zheng
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    658 46th Street, Brooklyn, NY 11220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!