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    1207 49Th St Brooklyn, NY 11219

    Sponsored
    For Sale
    $8,750,000

    43 Units, 100% Occupancy, High NOI

    Property size:
    30,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional four-story apartment building, located at 1207 49th St in Brooklyn, NY 11219, presents a compelling investment opportunity. Boasting 43 units within 30,600 square feet, this property offers a remarkable 100% occupancy rate, generating a substantial net operating income (NOI) of $500,000 and a 5.71% capitalization rate. The asking price is $8,750,000, translating to $203,488 per unit and $285.95 per square foot. Built in 1923, the building sits on a 0.23-acre lot and features a recently replaced roof and a newer boiler system, minimizing immediate capital expenditure needs. Its prime location in a desirable Brooklyn neighborhood ensures consistent rental income and strong tenant demand. The property's excellent rental history and consistently high occupancy underscore its stability and potential for long-term growth. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving market. The building's strong financials and desirable location make it an ideal addition to any investment portfolio. Serious inquiries only.

    Property Features for 1207 49Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    30,600 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1923
    Buildings
    1
    Stories
    4
    Units
    43

    HighLights

    • Exceptional investment opportunity in desirable Brooklyn location.
    • 43‑unit multifamily building with 100% occupancy.
    • $8,750,000 asking price, $203,488 per unit, $285.95 per square foot.
    • Strong financials: $500,000 NOI and 5.71% cap rate.
    • Well‑maintained with recent roof and boiler replacements.
    Property Profile Location Intelligence

    Current Use by Public Records

    A B Silver Art Silversmith Newton Electric. Electrical Installation Service Meyan Convenience Convenience Store M.H.A CONTRACTING Contractor Tehilla's Hair Salon Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9938929
    Latitude
    40.6363777

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    FAQs

    What type of property is this?
    Multifamily property - 43 Units, 100% Occupancy, High NOI
    Where is this multifamily property located?
    The property is located at 1207 49Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $8,750,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in desirable Brooklyn location.; 43-unit multifamily building with 100% occupancy.; $8,750,000 asking price, $203,488 per unit, $285.95 per square foot.
    Request Owner's contact information
    1207 49Th St Brooklyn, NY 11219
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    Brooklyn, NY 11219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1207 49Th St Brooklyn, NY 11219
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