Brick 6-Unit Semi-Detached Apartment
For Sale
$2,800,000
827 49th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$530.30
Days on Market106
Property Features for 827 49th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 5, Bedroom 12, Bathroom 5, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 7, Bedroom 10, Bedroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 11, Bedroom 9, Bathroom 6, Bedroom 8
Interior features
A/C Unit - Window, Central Air - Split, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
5,280 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
19903
Building Details
Year built
1926
Floors in Building
3
Number of units
6
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Added: May 13
Changed: Aug 4
Last Checked: Aug 26 at 10:06AM
MLS# 501354
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.
Brick, semi-detached 6-unit residential building built in 1926 with a flat roof. The property is described as 22x80 in building size, set on a 30x100 lot, and is finished with hardwood and tile flooring. Each unit is laid out with flexible 2-bedroom space and includes 1 bathroom, along with an additional bathroom in the full, finished basement. Interior features include window A/C units and split central air, plus in-unit appliances such as a refrigerator and stove.
The building is located in an R6 zoning district. The listing notes residential FAR of 2.2, facility FAR of 4.8, and current FAR of 1.76, with an approximate maximum buildable area of 6,611 sq. ft. for residential use and up to 14,424 sq. ft. for community facility use. Separate utility meters are provided, and the property includes a private driveway with multiple parking spaces. Public transportation options listed include B11 and B70 buses, and D, N, and Q trains.
Other practical considerations include the private parking setup and the zoning-based buildable area figures, which may support a range of residential and community-facility development planning.
The building is located in an R6 zoning district. The listing notes residential FAR of 2.2, facility FAR of 4.8, and current FAR of 1.76, with an approximate maximum buildable area of 6,611 sq. ft. for residential use and up to 14,424 sq. ft. for community facility use. Separate utility meters are provided, and the property includes a private driveway with multiple parking spaces. Public transportation options listed include B11 and B70 buses, and D, N, and Q trains.
Other practical considerations include the private parking setup and the zoning-based buildable area figures, which may support a range of residential and community-facility development planning.
Key Highlights
- R6 zoned 6‑unit brick semi‑detached building built in 1926 with a flat roof
- Each unit offers flexible 2‑bedroom layouts with 1 bathroom plus an additional basement bathroom
- Private driveway with multiple parking spaces and separate utility meters
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
$140,800
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
5.03%
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%
$2,816,000
$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
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
$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 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%
$2,816,000
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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
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
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 - R6 zoned 6-unit brick semi-detached building with private driveway parking, separate utility meters, and window A/C plus split central air.
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: R6 zoned 6‑unit brick semi‑detached building built in 1926 with a flat roof; Each unit offers flexible 2‑bedroom layouts with 1 bathroom plus an additional basement bathroom; Private driveway with multiple parking spaces and separate utility meters
