Six-Family Apartment
For Sale
$2,199,000
819 49th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$416.48
Days on Market75
Property Features for 819 49th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 2, Bedroom 11, Bedroom 6, Bathroom 3, Bathroom 6, Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 9, Bathroom 5, Bedroom 1, Bedroom 3
Interior features
Stove
Subdivision
Sunset Park
Standard status
Active
Size
5,280 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
19820
Building Details
Number of units
6
Flooring type
Tile
Roof type
Tile
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(347) 575-1849
Added: Jul 6
Changed: Sep 16
Last Checked: Sep 18 at 12:06AM
MLS# 502823
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 six-family apartment property contains 5,280 square feet on a 0.0689-acre parcel. The lot measures 30 feet by 100.17 feet, while the building measures 22 feet by 80 feet. Interior details include tile flooring and a stove, complemented by a tile roof. The property is zoned R6 with an FAR of 3.0; an architect should be consulted regarding precise FAR utilization.
Located at 819 49th Street in Brooklyn, the property is positioned near 8th Avenue in a business district with retail corridors, parks, essential amenities, and major transit options. The surrounding area includes both residential and commercial activity, supporting the property’s apartment-building classification and mixed neighborhood context.
Located at 819 49th Street in Brooklyn, the property is positioned near 8th Avenue in a business district with retail corridors, parks, essential amenities, and major transit options. The surrounding area includes both residential and commercial activity, supporting the property’s apartment-building classification and mixed neighborhood context.
Key Highlights
- Six‑family apartment property
- 5,280 square feet of property size
- 30 ft x 100.17 ft 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
$145,728
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
6.63%
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%
$2,914,560
$2.9M
Cap Rate 7%
$2,081,829
$2.1M
Cap Rate 9%
$1,619,200
$1.6M
Market Conditions
NOI Build-Up for 5,280 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
$253.4K $48.00/SF
− Vacancy
−$20.3K −$3.84/SF
EGI
$233.2K $44.16/SF
− OpEx
−$87.4K −$16.56/SF
NOI
$145.7K $27.60/SF
Area
ZIP 11220
Vacancy
8.00%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,914,560
Cap Rate 7%
$2,081,829
Cap Rate 9%
$1,619,200
Alternative Uses
Best Use
Mixed Use
$2.08M
$1.82M – $2.43M
NOI $145,728 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,800 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,602 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Six-family residential property with R6 zoning, tile flooring, and a tile roof.
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 $2,199,000.
What are key features of this property?
This property features: Six‑family apartment property; 5,280 square feet of property size; 30 ft x 100.17 ft lot
