Dennis Barr - John J Lease Realtors Logo
$1,100,000
( $178.86Per Sq Foot )
 $5,905 est/mo Sourced by Back At You

651 Barbey Street,Brooklyn, NY 11207

Brooklyn, NY 11207

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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.

Details

MLS #972287
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1930
Days On Site177
Listing Provided ByDouglas Elliman Real Estate | James Y. Chung

Features

SQ Feet6,150
BasementY
Story(s)3
Units6
ZoningR5
Acreage0.06

Interior

CoolingNone
HeatingNatural Gas

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesNone

Utilities

UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value89729
Tax Annual Amount11161
Tax Lot0008

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11207
School DistrictPerf Arts & Tech High School
Elementary SchoolPs 13 Roberto Clemente
High SchoolPerf Arts & Tech High School
Listing VS Median (in 11207)
Price:
$1,100,000
low | high
Med:
$868,000
71.090909090909% of Average
sqft:
6,150
low | high
Med:
1,088
100% of Average
$ / sqft:
$179
low | high
Med:
$798
100% of Average
On site:
177
low | high
Med:
26
100% of Average
Sourced by Back At You

Market Activity 11207

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11207
School DistrictPerf Arts & Tech High School
Elementary SchoolPs 13 Roberto Clemente
High SchoolPerf Arts & Tech High School
Listing VS Median (in 11207)
Price:
$1,100,000
low | high
Med:
$868,000
71.090909090909% of Average
sqft:
6,150
low | high
Med:
1,088
100% of Average
$ / sqft:
$179
low | high
Med:
$798
100% of Average
On site:
177
low | high
Med:
26
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $825K - $1.375M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
651 Barbey Street Property Photo 1
$1,100,000
651 Barbey Street
Brooklyn, NY 11207
Listing Updated: August 4, 2026 at 9:32:11 AM PDT

Dennis Barr - John J Lease Realtors