1207 49Th StBrooklyn, NY 11219

Property Details for 1207 49Th St

Year built

1923

Lot size

0.23 AC

Property size (Sq ft)

30,695 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

05634-0001

APU

56340001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,292,752

  6.5%

  $5,808,694

  7%

  $5,393,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,216,444

  Geo Method

  $6,216,444

• Alternative Use

  Use

  Valuation

  Residential

  $5,808,694

  Hospitality

  $5,320,733

  Educational

  $4,426,788

  Medical

  $4,579,032

  Retail

  $6,886,114

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6364

Longitude

-73.9939

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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