

Listed by Douglas Elliman New Hyde Park
$1,199,000
651 Barbey Street
Details
APN 04077-0008
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 7.80%
Class C
Year Built 1930
Acreage 0.060
Zoning R5
Oversized six-family building, 651 Barbey St, Brooklyn NY 11207
Marketing description
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.
Listing Contacts


Listed by Douglas Elliman New Hyde Park
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