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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
| Price Per Unit | $274,763 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.80% | Lot Size | 0.06 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,150 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R5 | ||
| Price Per Unit | $274,763 CAD |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | $2,303 CAD | - |
| 3+1 | 8 | $2,574 CAD | - |
Property Taxes
| Parcel Number | 04077-0008 | Improvements Assessment | $558,833 CAD |
| Land Assessment | $9,273 CAD | Total Assessment | $568,106 CAD |
Property Taxes
Parcel Number
04077-0008
Land Assessment
$9,273 CAD
Improvements Assessment
$558,833 CAD
Total Assessment
$568,106 CAD
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