Property profile

614 Marlborough Rd Brooklyn, NY 11226

FOR SALE
Apartment buildings
Property ID
US63-5315864
5,750 SF 0.05 ac lot Built 1931
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional eight-unit multifamily building presents a compelling investment opportunity in the desirable Ditmas Park neighborhood of Brooklyn, New York. Located at 614 Marlborough Road, this 5,750 square foot, four-story walk-up building boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $133,659. The property, built in 1931 and extensively renovated in 2015, features luxury finishes throughout its eight units. Each unit commands a price of $281,250, contributing to the attractive asking price of $2,250,000. The building sits on a 2,000 square foot lot and is zoned R6A. With a price per square foot of $391.30 and a strong 5.94% cap rate, this stabilized investment is ideal for a 1031 exchange. The property's excellent financial performance, prime location, and recent renovations make it a highly sought-after asset in the competitive Brooklyn real estate market. This fee simple ownership offers a secure and lucrative investment opportunity with significant potential for future appreciation. The building's strong cash flow and high occupancy rate provide immediate returns, making it an attractive option for discerning investors.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1931
Total area 5,750 SF
Lot 0.05 ac (2,000 SF)
Zoning code R6A
APN 05235-0019
UPID US63-5315864

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

614 Marlborough Rd Brooklyn, NY 11226
Brooklyn metro Census 52000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$990k

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2015
$1.4M
2014
$50,000
2005
Price N/A
1998
$225,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R6A · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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