Semi-Detached 6-Unit Brick
8619 23rd Ave Brooklyn, NY 11214
For Sale
$1,499,000
Well-maintained 6-family brick building with a private driveway and front carport, featuring six two-bedroom apartments.
Property Size5,544 SF
Lot Size0.07 Acres
Price / SF$270.38
Days on Market90
Property Features for 8619 23rd Ave
General Information
- Standard status
- Active
- Size
- 5,544 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Jul 21
Last Checked: Jul 26 at 11:43AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This semi-detached 6-family brick apartment building offers six spacious two-bedroom units. Each apartment is equipped with its own separate gas boiler and water heater, allowing residents to pay their own heating and hot water. The property includes a full basement, and it also features a private driveway with a front carport for added convenience.
Located in the heart of the Bensonhurst/Bath Beach area, the building is just minutes from the subway and the commercial corridor along 86th Street. The property sits on residential and commercial overlay zoning.
For a buyer or investor seeking a well-kept multi-family structure with individually metered heating and hot water setups, this building’s configuration supports straightforward building operations across its six unit mix.
Located in the heart of the Bensonhurst/Bath Beach area, the building is just minutes from the subway and the commercial corridor along 86th Street. The property sits on residential and commercial overlay zoning.
For a buyer or investor seeking a well-kept multi-family structure with individually metered heating and hot water setups, this building’s configuration supports straightforward building operations across its six unit mix.
Key Highlights
- Well‑maintained 6‑family brick building built in 1925, with six spacious 2‑bedroom apartments
- Each unit has separate gas boiler and water heater systems for tenant‑paid heat and hot water
- Building size 24’ x 77’ (approximately 5,544 SF) with a full basement
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 | $256.1k | $46.20 |
| − Vacancy | −$9.7k | −$1.76 |
| EGI | $246.4k | $44.44 |
| − OpEx | −$110.9k | −$20.00 |
| NOI | $135.5k | $24.44 |
5,544 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,520 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,387 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 6-family brick building with a private driveway and front carport, featuring six two-bedroom apartments.
Where is this apartment building located?
The property is located at 8619 23rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Well‑maintained 6‑family brick building built in 1925, with six spacious 2‑bedroom apartments; Each unit has separate gas boiler and water heater systems for tenant‑paid heat and hot water; Building size 24’ x 77’ (approximately 5,544 SF) with a full basement
