651 Barbey Street, Brooklyn, NY 11207

• 14 beds |
• 6 baths |
• 6,150 sqft

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.

Listing Status:

Active

Data Last Updated:

March 25, 2026 at 7:20PM

Listing Office:

Douglas Elliman Real Estate : 516-746-0440

MLS ID:

972353

Interior

• General: Other
• Basement: Full
• A/C: None
• Heating: Natural GasOther

Exterior

• Parking: None

Location

• Originating MLS: onekey2
• School District: Brooklyn 19
• County: Kings (Brooklyn)

Lot

• Zoning: 04077-0008

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSee RemarksSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2