Six-Unit Brick Apartment
For Sale
$2,800,000
827 49th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size5,280 SF
Lot Size0.07 Acres
Price / SF$530.30
Days on Market153
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
Bathroom 3, Bedroom 12, Bathroom 1, Bathroom 6, Bedroom 5, Bathroom 5, Bedroom 3, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 10, Bedroom 4, Bedroom 11, Bedroom 9, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 7
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
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Kelly Wu · License #10401268467
(917) 916-2368
Added: May 13
Changed: Oct 10
Last Checked: Oct 12 at 9:06PM
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.
This 1926 brick apartment building contains six residential units with flexible two-bedroom layouts. Each unit has one bathroom, while the full finished basement adds an additional bathroom. The building measures 5,280 square feet and sits on a 0.069-acre lot measuring 30x100, with a 22x80 building footprint. Separate utility meters, window A/C units, split central air, hardwood and tile flooring, a flat roof, refrigerator, and stove are included.
The property is located at 827 49th Street in Brooklyn’s Sunset Park area, near shopping corridors, restaurants, schools, and public transportation. Access includes the B11 and B70 bus routes, along with the D, N, and Q subway lines.
R6 zoning supports a Residential FAR of 2.2 and Facility FAR of 4.8; the current FAR is 1.76. The property also includes a private driveway with multiple parking spaces and offers approximately 6,611 square feet of maximum residential buildable area or up to 14,424 square feet for community facility use.
The property is located at 827 49th Street in Brooklyn’s Sunset Park area, near shopping corridors, restaurants, schools, and public transportation. Access includes the B11 and B70 bus routes, along with the D, N, and Q subway lines.
R6 zoning supports a Residential FAR of 2.2 and Facility FAR of 4.8; the current FAR is 1.76. The property also includes a private driveway with multiple parking spaces and offers approximately 6,611 square feet of maximum residential buildable area or up to 14,424 square feet for community facility use.
Key Highlights
- Six residential units with flexible 2‑bedroom layouts
- 5,280 square feet on a 0.069‑acre 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - R6-zoned property with a finished basement and private driveway 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 flexible 2‑bedroom layouts; 5,280 square feet on a 0.069‑acre lot; Full finished basement with an additional bathroom
