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651 Barbey St
Brooklyn, NY 11207
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Oversized 6-Family Building with ~6,150 SF of living space
- Large Apartment Layouts – 4 two-bedroom units & 2 three-bedroom units
- High Rental Appeal with stable, long-term tenant potential
- Recent Upgrades – New boiler & hot water heater, roof ~6 years old
- Strong Income Property – Approx. $88,000 NOI
- Separate Utilities – 7 electric meters / 6 gas meters
Executive Summary
Oversized six-family building offering approximately 6,150 square feet of living space with spacious apartment layouts throughout. The property consists of four large 2-bedroom units and two 3-bedroom units, providing strong rental appeal and stable income potential. The building is configured with 7 electric meters and 6 gas meters, allowing for separate utilities. Recent improvements include a new boiler and hot water heater, and the roof was replaced approximately six years ago. Conveniently located near public transportation, neighborhood shopping, and local amenities, making it attractive for long-term tenants. Currently generating approximately $88,000 in Net Operating Income (NOI) and offered at approximately a 7% cap rate at the asking price. Excellent opportunity for investors seeking a well-sized multifamily property with solid cash flow in Brooklyn.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,371 CAD | - |
| 2+1 | 2 | $2,231 CAD | - |
| 3+1 | 3 | $2,789 CAD | - |
| 2+1 | 4 | $2,440 CAD | - |
| 3+1 | 5 | $2,432 CAD | - |
| 2+1 | 6 | $2,432 CAD | - |
Property Taxes
| Parcel Number | 04077-0008 | Improvements Assessment | $464,958 CAD |
| Land Assessment | $9,287 CAD | Total Assessment | $474,245 CAD |
Property Taxes
Parcel Number
04077-0008
Land Assessment
$9,287 CAD
Improvements Assessment
$464,958 CAD
Total Assessment
$474,245 CAD
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