6-Unit Brick Apartment
For Sale
$2,800,000
827 49th Street, Brooklyn, NY 11220
Separate utility meters and a private driveway provide distinct building services and on-site parking.
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$530.30
Days on Market167
Property Features for 827 49th Street
General Information
Standard status
Active
Size
5,280 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
R6
Units
Multifamily Units
6
Individually Metered Utilities
unspecified utilities
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$19,903
Building Details
Building Size
5,280 SF
Year Built
1926
Buildings
1
Stories
3
Units
6
Construction
brick semi-detached
Listing Agency:
RE/MAX Edge
(718) 288-3835
Listed By:
Kelly Wu · License #10401268467
(917) 916-2368
Source:
Croninreale
Added: May 13
Changed: Oct 25
Last Checked: Oct 23 at 9:50AM
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 RE/MAX Edge
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Investment Insights
Based on property information with market context.
This brick, semi-detached apartment property contains six residential units, each described with a two-bedroom layout and one bathroom. A full, finished basement adds space and includes an additional bathroom. The building measures 22 by 80 feet on a 30-by-100-foot lot, with a private driveway and multiple parking spaces. Separate utility meters serve the property, which was built in 1926.
The property is in an R6 zoning district. The stated residential FAR is 2.2, facility FAR is 4.8, and current FAR is 1.76. Approximate maximum buildable area is 6,611 square feet for residential use and up to 14,424 square feet for community facility use. Nearby transit includes B11 and B70 bus service and the D, N, and Q trains. Shopping corridors, restaurants, and schools are also in the surrounding area.
The property is in an R6 zoning district. The stated residential FAR is 2.2, facility FAR is 4.8, and current FAR is 1.76. Approximate maximum buildable area is 6,611 square feet for residential use and up to 14,424 square feet for community facility use. Nearby transit includes B11 and B70 bus service and the D, N, and Q trains. Shopping corridors, restaurants, and schools are also in the surrounding area.
Key Highlights
- Six residential units with two‑bedroom layouts
- Brick, semi‑detached building on a 30‑by‑100‑foot lot
- Full, finished basement with an additional bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,800
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,000
$2.8M
Cap Rate 7%
$2,011,429
$2.0M
Cap Rate 9%
$1,564,444
$1.6M
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$266.1K $50.40/SF
− Vacancy
−$10.1K −$1.92/SF
EGI
$256.0K $48.48/SF
− OpEx
−$115.2K −$21.82/SF
NOI
$140.8K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,000
Cap Rate 7%
$2,011,429
Cap Rate 9%
$1,564,444
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,800 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,602 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utility meters and a private driveway provide distinct building services and on-site parking.
Where is this apartment building located?
The property is located at 827 49th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Six residential units with two‑bedroom layouts; Brick, semi‑detached building on a 30‑by‑100‑foot lot; Full, finished basement with an additional bathroom
