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About This Home
This 14-bedroom, 6-bathroom residential multi family at 651 Barbey Street in Brooklyn, NY is listed for $1,250,000. Built in 1930, on a 0.06 acres lot.
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.
Key Features
- Built in 1930
- 0.06 acre lot
Property Details
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
651 Barbey Street
Brooklyn, NY 11207
Property Details
Construction
Heating
Questions & Answers
This 14-bedroom, 6-bathroom residential multi family at 651 Barbey Street is listed at $1,250,000. The estimated monthly payment is $5,417 based on 20% down at 6.5% interest.
Key features include: Built in 1930, 0.06 acre lot.
This property is listed by James Y. Chung and can be reached at 9177275652 or james.chung@elliman.com.
