$1,100,000
Price decreased by $99,000 on Aug 05, 2026

651 Barbey Street Brooklyn Other, New York

  • 2,500 Sqft lot
  • Updated: August 5

About the Property

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 n
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 type

    Other

  • Floors

    3

  • Year built

    1930

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651 Barbey Street, New York, New York, United States View on Google Maps
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Douglas Elliman - New Hyde Park

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Douglas Elliman - New Hyde Park
New York, United States
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25
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2021
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Douglas Elliman - New Hyde Park
New Hyde Park, New York, United States
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Last updated
August 5
First listed
Jun 12
Listing reference
972287
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