6-Unit Brick Apartment
For Sale
$3,400,000
970 52nd Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size4,399 SF
Lot Size0.05 Acres
Price / SF$772.90
Days on Market57
Property Features for 970 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 8, Bedroom 10, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 7, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 9, Bedroom 5
Interior features
Central Air, Refrigerator, Stove
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
4,399 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
16000
Amenities
private balconies
Building Details
Year built
1905
Floors in Building
4
Number of units
6
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jul 2
Changed: Aug 26
Last Checked: Aug 27 at 11:06PM
MLS# 502622
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 attached brick apartment building contains six units across 4,399 square feet, with 10 bedrooms and 7 bathrooms. The structure measures 20*54 on a 20*100 lot and was built in 1905. Two apartments include private balconies, while interior features include central air, refrigerators, stoves, hardwood flooring, and tile. The building has a flat roof and an R6 zoning designation.
The property is located at 970 52nd Street in Brooklyn’s Sunset Park community. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area, providing access to a range of everyday services and transit options.
The property is located at 970 52nd Street in Brooklyn’s Sunset Park community. Shopping, restaurants, schools, parks, and public transportation are identified in the surrounding area, providing access to a range of everyday services and transit options.
Key Highlights
- Six‑unit attached brick apartment building with 4,399 square feet
- 10 bedrooms and 7 bathrooms across the building
- Two units include private balconies
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
$114,037
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
3.35%
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%
$2,280,740
$2.3M
Cap Rate 7%
$1,629,100
$1.6M
Cap Rate 9%
$1,267,078
$1.3M
Market Conditions
NOI Build-Up for 4,399 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
$216.4K $49.20/SF
− Vacancy
−$9.1K −$2.07/SF
EGI
$207.3K $47.13/SF
− OpEx
−$93.3K −$21.21/SF
NOI
$114.0K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /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%
$2,280,740
Cap Rate 7%
$1,629,100
Cap Rate 9%
$1,267,078
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,037 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,623 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R6-zoned multifamily property with central air, private balconies, and a six-unit configuration.
Where is this apartment building located?
The property is located at 970 52nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Six‑unit attached brick apartment building with 4,399 square feet; 10 bedrooms and 7 bathrooms across the building; Two units include private balconies
