Six-Family Brick Apartment
For Sale
$1,530,000
6609 13th Avenue, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size4,200 SF
Lot Size0.04 Acres
Price / SF$364.29
Days on Market452
Property Features for 6609 13th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 3, Bedroom 8, Bedroom 9, Bedroom 11, Bathroom 6, Bathroom 5, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 10, Bedroom 7, Bathroom 1
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
4,200 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
15412
Building Details
Year built
1920
Floors in Building
3
Number of units
6
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
XiaoMei(May) He
(718) 612-3088
Added: May 27, 2025
Changed: Aug 4
Last Checked: Aug 21 at 10:06PM
MLS# 493008
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 well-maintained, all-brick six-family residential building is located in Brooklyn’s Dyker Heights neighborhood. Built in 1920, the three-story structure features a flat roof and approximately 4,200 square feet of living space. The building consists of five two-bedroom apartments and one one-bedroom apartment. All units are currently occupied by paying tenants.
Each unit has separate utilities. Interior features include window A/C units, refrigerators, and stoves. The property is in good condition, with a newer roof and a brand-new boiler that supports reliable heating and hot water services.
The property sits on an approximately 1,600 square foot lot and is zoned R6B, which supports residential development with a moderate floor area ratio. It is positioned near public schools, including P.S. 176 Ovington and I.S. 187 The Christa McAuliffe School, as well as local shops and dining options.
Each unit has separate utilities. Interior features include window A/C units, refrigerators, and stoves. The property is in good condition, with a newer roof and a brand-new boiler that supports reliable heating and hot water services.
The property sits on an approximately 1,600 square foot lot and is zoned R6B, which supports residential development with a moderate floor area ratio. It is positioned near public schools, including P.S. 176 Ovington and I.S. 187 The Christa McAuliffe School, as well as local shops and dining options.
Key Highlights
- All‑brick six‑family building built in 1920 with flat roof
- Three‑story layout with 5 two‑bedroom units and 1 one‑bedroom unit
- Approximately 4,200 SF of living space on approximately 1,600 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,879
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,177,580
$2.2M
Cap Rate 7%
$1,555,414
$1.6M
Cap Rate 9%
$1,209,767
$1.2M
Market Conditions
NOI Build-Up for 4,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$206.6K $49.20/SF
− Vacancy
−$8.7K −$2.07/SF
EGI
$198.0K $47.13/SF
− OpEx
−$89.1K −$21.21/SF
NOI
$108.9K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,177,580
Cap Rate 7%
$1,555,414
Cap Rate 9%
$1,209,767
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,879 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,593 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained all-brick six-family building in R6B zoning with separate utilities and newer roof plus brand-new boiler.
Where is this apartment building located?
The property is located at 6609 13th Avenue 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: All‑brick six‑family building built in 1920 with flat roof; Three‑story layout with 5 two‑bedroom units and 1 one‑bedroom unit; Approximately 4,200 SF of living space on approximately 1,600 SF lot
