Updated Brick 8-Unit
For Sale
$3,180,000
66 Patchen Avenue, Brooklyn, NY 11221
Four-story brick multifamily with eight occupied units, including renovated apartments and updated common areas.
Property SizeContact for details
Days on Market64
Property Features for 66 Patchen Avenue
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
7%
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$14,579
Amenities
Central air
Electric Heating
ENERGY STAR Qualified Equipment Cooling
ENERGY STAR Qualified Equipment Heating
On Street
Building Details
Year Built
1931
Stories
4
Listing Agency:
SANY REALTY GROUP LLC
(347) 846-1200
Listed By:
XIAN LIN · License #1011513
Source:
Corcoran
Added: Jun 10
Changed: Aug 12
Last Checked: Aug 12 at 7:28AM
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 SANY REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This updated four-story brick multifamily offers eight occupied units with a combined 22 bedrooms and 13 bathrooms. The building’s common area has been updated, and improvements include a new intercom system, new kitchen elements, and dishwashers. Several units were fully gut renovated, with a new roof installed around 2018, and each unit benefits from separate AC/heat systems.
The property is located on Patchen Avenue in Brooklyn, described as being between Bushwick and Bedford-Stuyvesant near the J/Z subway station, supporting convenient transit access for residents and prospective tenants.
The property is located on Patchen Avenue in Brooklyn, described as being between Bushwick and Bedford-Stuyvesant near the J/Z subway station, supporting convenient transit access for residents and prospective tenants.
Key Highlights
- Four‑story brick 8‑unit multifamily built in 1931, with 8 occupied units
- Unit mix includes 5 free‑market units and 3 Rent Stabilized units
- 5 free‑market units were fully gut renovated and the building received a new roof around 2018
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - Four-story brick multifamily with eight occupied units, including renovated apartments and updated common areas.
Where is this apartment building located?
The property is located at 66 Patchen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,180,000.
What are key features of this property?
This property features: Four‑story brick 8‑unit multifamily built in 1931, with 8 occupied units; Unit mix includes 5 free‑market units and 3 Rent Stabilized units; 5 free‑market units were fully gut renovated and the building received a new roof around 2018
