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Property 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.

Features
Heating System:
Other, Natural Gas
Cooling System:
No
Basement:
Full
Interior Features:
Other
Parking Features:
No
Sewer:
Public Sewer
Utilities:
See Remarks, Trash Collection Public, Natural Gas Connected, Electricity Connected, Cable Connected, Water Connected, Sewer Connected
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Directions:
Refer to Google Maps.
Property and Construction
Development Status:
Brick
Elementary School:
Ps 13 Roberto Clemente
High School:
Perf Arts & Tech High School
Agent MlsId:
181200
Office MlsId:
DERE61
MiddleOrJunior School:
Jhs 292 Margaret S Douglas
Number Of Units:
6
Special Listing Conditions:
No
Tax Annual Amount:
$11,161
Water Source:
Public
PhotosCount:
1

Residential Income For Sale

651 Barbey Street, New York, NY

14 Bedrooms
6 Bathrooms
$1,250,000
Listing ID #972353
Basic Details
Property Type :
Residential Income
Property SubType :
Quadruplex
Listing ID :
972353
Price :
$1,250,000
Bedrooms :
14
Bathrooms :
6
Bathrooms Total :
6
Building Area :
6,150 Sqft
Year Built :
1930
Status :
Active
Status :
Active
Listing Office :
Douglas Elliman Real Estate
Listing Agent :
James Y. Chung
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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