Income-Producing Brooklyn Multifamily
For Sale
$1,050,000
Pending
749 PENNSYLVANIA Ave, Brooklyn, NY 11207
Five-family, renovated brick house with eleven bedrooms and six bathrooms.
Property Size1,340 SF
Lot Size0.06 Acres
Days on Market231
Property Features for 749 PENNSYLVANIA Ave
General Information
Standard status
Pending
Size
1,340 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,404
Building Details
Building Size
1,340 SF
Year Built
1930
Units
5
Listing Agency:
Brooklyn Real Property Inc.
Listed By:
Julia V Spooner
(718) 875-8899
Source:
Elliman
Added: Mar 11
Changed: Oct 26
Last Checked: Oct 26 at 6:03PM
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 Brooklyn Real Property Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a five-family semi-detached brick house located in Brooklyn. The building, renovated in 2015, features eleven bedrooms, six bathrooms, and five kitchens. Each apartment includes quartz countertops, hardwood floors, and tiled floors. All apartments are in good condition and equipped with their own thermostat, tankless heat, and hot water system. The basement is fully finished and includes high ceilings, tiled floors, lots of windows, and separate entrances. This property is income-producing.
Key Highlights
- Income‑producing five‑family brick house.
- Fully renovated in 2015.
- Each apartment has its own thermostat, tankless heat, and hot water system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,909
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,180
$818.2K
Cap Rate 7%
$584,414
$584.4K
Cap Rate 9%
$454,544
$454.5K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$75.9K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$74.4K $55.51/SF
− OpEx
−$33.5K −$24.98/SF
NOI
$40.9K $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%
$818,180
Cap Rate 7%
$584,414
Cap Rate 9%
$454,544
Alternative Uses
Best Use
Apartment 5plus
$584.4K
$511.4K – $681.8K
NOI $40,909 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$970.8K – $1.29M
NOI $77,666 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-family, renovated brick house with eleven bedrooms and six bathrooms.
Where is this apartment building located?
The property is located at 749 PENNSYLVANIA Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Income‑producing five‑family brick house.; Fully renovated in 2015.; Each apartment has its own thermostat, tankless heat, and hot water system.
