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    Brooklyn Multifamily in 8th Avenue Title is generated by Realmo AI

    819 49th Street, Brooklyn, NY 11220

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    Claim this Listing
    For Sale
    $2,249,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    5,280 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $425/SF
    Added:
    Mar 20, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 21 at 4:06 am

    Property Features for 819 49th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6
    Bedrooms
    11
    Bathrooms
    6
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 11, Bathroom 2, Bedroom 8, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 10, Bathroom 3, Bathroom 4, Bedroom 9, Bedroom 7, Bedroom 6
    Interior features
    Refrigerator, Stove
    Basement
    Full
    Standard status
    Active
    Size
    5,280 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    19820

    Building Details

    Year built
    1926
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Tile, Ceramic, Hardwood
    Building materials
    Brick
    Roof type
    Flat

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    Listing Contact
    Vito Angelo
    Vito Angelo

    Listing agent Vito Angelo License #40AN0957928

    Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY

    Listing date Mar 20, 2026

    MLS# 499835 Listing URL

    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.

    HighLights

    • High‑yield, 6‑family property in the vibrant 8th Avenue business district of Sunset Park.
    • Zoned R6 with an FAR of 3.0, offering future expansion or redevelopment possibilities (subject to verification).
    • Located in the heart of 8th Avenue's cultural and commercial hub with exceptional foot traffic and accessibility.
    • Strong tenant demand due to proximity to major transit, retail, parks, and amenities.
    • Versatile space configurations designed to maximize revenue.
    • Solid brick construction with tile, hardwood, and ceramic flooring.

    Overview

    Located in Sunset Park, Brooklyn, this six-family property is situated in the 8th Avenue business district. The property is positioned on a 30 ft * 100.17 ft lot and includes a 22 ft * 80 ft building. Zoned R6 with a Floor Area Ratio (FAR) of 3.0, the property offers possibilities for future expansion or redevelopment, pending verification by a licensed architect. The location benefits from tenant demand and proximity to transit, retail corridors, parks, and amenities. The property is located in the heart of 8th Avenue's cultural and commercial hub, known for business activity, foot traffic, and accessibility. The property provides space configurations designed to maximize revenue. The property size is 5280 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $266.1k $50.40
    − Vacancy −$10.1k −$1.92
    EGI $256.0k $48.48
    − OpEx −$115.2k −$21.82
    NOI $140.8k $26.67
    5,280 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.01M
    $1.76M – $2.35M (±1% cap)
    NOI $140,800 @ 7.0% cap · market cap 6.26%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.42M
    $3.00M – $3.99M (±1% cap)
    NOI $239,602 @ 7.0% cap · market cap 10.65%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -74.002373
    Latitude
    40.641476

    FAQs

    What type of property is this?
    Apartment building - Six-family property in Sunset Park's vibrant 8th Avenue business district.
    Where is this apartment building located?
    The property is located at 819 49th Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,249,000.
    What are key features of this property?
    This property features: High‑yield, 6‑family property in the vibrant 8th Avenue business district of Sunset Park.; Zoned R6 with an FAR of 3.0, offering future expansion or redevelopment possibilities (subject to verification).; Located in the heart of 8th Avenue's cultural and commercial hub with exceptional foot traffic and accessibility.
    More about this property
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