1523 65Th St, Brooklyn, NY 11219
This exceptional multifamily property, located at 1523 65th Street in Brooklyn, New York, presents a compelling investment opportunity. The building, constructed in 1931, is a two-story brick structure situated on a 2,750 square foot lot (25x100). The property features four residential units: two spacious two-bedroom apartments, one large three-bedroom apartment, and a comfortable one-bedroom apartment. All units are situated above a fully finished basement, adding significant potential rental income or living space. The building itself measures 21x76 feet. This property is zoned R5, offering flexibility for future development or renovations, subject to applicable zoning regulations. The asking price is $2,349,000, representing a price per unit of $587,250. This offering is particularly attractive to investors seeking a 1031 exchange opportunity. The prime Bensonhurst location ensures strong rental demand and potential for appreciation. This property is an ideal investment for both seasoned investors and those seeking a strong return on investment in a desirable Brooklyn neighborhood. The building's solid construction and established rental history make it a low-risk, high-reward opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.