651 Barbey Street, Brooklyn, NY 11207

Brooklyn
Local realty services provided by:ERA Caputo Realty
651 Barbey Street,Brooklyn, NY 11207
$1,199,000
  • 14 Beds
  • 6 Baths
  • 6,150 sq. ft.
  • Multi-family
  • Active
Listed by: james y. chung
Office: douglas elliman real estate
MLS#:972353
Source:OneKey MLS

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$194.96

About this home

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.

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Home facts

  • Year built:1930
  • Listing ID #:972353
  • Added:111 day(s) ago
  • Updated:July 06, 2026 at 11:10 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:6
  • Full bathrooms:6
  • Basement:Yes
  • Basement Description:Full
  • Living area:6,150 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1930
  • Building area:6,150 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Brick

Schools

  • High school:Perf Arts & Tech High School
  • Middle school:Jhs 292 Margaret S Douglas
  • Elementary school:Ps 13 Roberto Clemente

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$194.96
  • Tax amount:$11,161 (2025)
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