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    1367 6Th St Brooklyn, NY 11204

    For Sale
    $4,000,000

    16-Unit Multifamily, High Occupancy

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 16-unit apartment building, located at 1367 West 6th Street in Brooklyn, New York (zip code 11204), presents a compelling investment opportunity. The property boasts a total of 4,500 square feet and is classified as a Class B multifamily building. Currently operating at 100% occupancy, this stabilized investment generates a substantial annual rental income. The building comprises fifteen one-bedroom units and one studio unit. Each unit is priced at $250,000, contributing to the overall asking price of $4,000,000. The price per square foot is $888.89. Situated in a convenient location with easy access to transportation and shopping, this property offers significant potential for future growth and strong returns

    Property Features for 1367 6Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,500 SF
    Class
    B

    Building Details

    Units
    16

    HighLights

    • 16‑unit Class B multifamily building in Brooklyn, NY (11204) at 1367 West 6th Street.
    • 4,500 square feet, currently 100% occupied.
    • Fifteen one‑bedroom and one studio unit; $4,000,000 asking price ($250,000 per unit).
    • $888.89 price per square foot.
    • Excellent location with convenient access to transportation and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9800415
    Latitude
    40.6118804

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    FAQs

    What type of property is this?
    Multifamily property - 16-Unit Multifamily, High Occupancy
    Where is this multifamily property located?
    The property is located at 1367 6Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 16-unit Class B multifamily building in Brooklyn, NY (11204) at 1367 West 6th Street.; 4,500 square feet, currently 100% occupied.; Fifteen one-bedroom and one studio unit; $4,000,000 asking price ($250,000 per unit).
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    Brooklyn, NY 11204
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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
    1367 6Th St Brooklyn, NY 11204
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