Price Reduced 4.08%
Price History
$1,250,000
3/16/2026
$1,199,000
4/13/2026
651 Barbey Street, Brooklyn, NY, 11207
1930
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.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Natural Gas
Cooling:
None
Basement:
Full
Levels:
3
Acreage:
0.06
Est. Taxes:
$11,161
Assessment
$89,729
Construction
Brick
Utilities
Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Elementary School:
Ps 13 Roberto Clemente
Middle School:
Jhs 292 Margaret S Douglas
High School:
Perf Arts & Tech High School
School District:
Community District 19
Days on Market:
28
MLS #:
972287
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Douglas Elliman Real Estate 516-746-0440