Dan Smalley
Licensed Real Estate Salesperson
REALTOR®
BEDS14
BATHS6 full
MLS#972353
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBrooklyn 19
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Natural Gas, Other
Lot Size: 0.06 Acres
Taxes: $11,161
Year Built: 1930
Amenities
Other
Feature Descriptions
Building Area Total: 6150
Cap Rate: 7
Days on Site: 12
Exterior: Brick
Fuel Expense: 8000
Heating Units: 1
Lot Dimensions: 25x100
On Market Date: 2026-03-16
Parcel Number: 04077-0008
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 6
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Perf Arts & Tech High School
Middle School: Jhs 292 Margaret S Douglas
Elementary School: Ps 13 Roberto Clemente
School District: Brooklyn 19
Estimate Your Payment
Estimated Payment
$ 7,615.35 per month $6,320.68 Principal & Interest $930.08 Property Tax $364.58 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 516-746-0440
Shown By
Agent Name: Dan Smalley
Agent Phone: Cell: (631) 469-8957
Agency Title: Coldwell Banker American Homes
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651 Barbey Street | MLS# 972353
This multi-family property located at 651 Barbey Street, Brooklyn, NY 11207 is currently listed for sale with an asking price of $1,250,000. Barbey Street is located within the Brooklyn 19 school district. Search Brooklyn real estate on www.dansmalleyrealtor.com today.