651 Barbey Street Brooklyn, NY $ 1,250,000
651 Barbey Street
$ 1,250,000
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651 Barbey Street

Brooklyn, NY, 11207
$ 1,250,000
Bedrooms-- Baths-- Sq 6,150

Monthly Estimate*

$ 7,696

651 Barbey Street, Brooklyn, NY 11207 - Image 1

Commercial Property for sale in Brooklyn, NY

for $1,250,000. This 6,150 square foot building was built in 1930 on a lot size of 0.06.

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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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 11,161

Style

Multi Family

Lot Size

0.06

Year Built

1930

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

972287

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling None
Utilities Cable Available Electricity Available Natural Gas Available Sewer Connected Trash Collection Public Water Connected
Zoning R5
Construction Materials Brick
Year Built 1930
Tenant Pays Electricity Gas
Property Subtype Multi Family
Tax Year 2025
Parcel Number 04077-0008
County Kings (Brooklyn)
Property Type Commercial Sale
Directions Refer to Google Maps.
High School Perf Arts & Tech High School
City New York
High School District Brooklyn 19
Number Of Units Total 6
Elementary School Ps 13 Roberto Clemente
Property Attached Y/N Y
Tax Annual Amount 11161
Showing Instructions Text or email your business card your clients pre-approval letter/proof of funds date and time you'd like to show to 917-727-5652 or james.chung@elliman.com. 24 hours advanced notice required.
Middle/Junior High School Jhs 292 Margaret S Douglas
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 19
Elementary School District Brooklyn 19
Tax Assessed Value 89729
Tax Lot 0008
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Interior
Basement Full
Total Stories 3
Basement Features Full
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Building Area Total 6150
Waterfront Y/N N
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Internal Only
Street Number 1 651
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* Excluded Features
List By
James Y. Chung

Listing Agent

Douglas Elliman Real Estate

Broker

516-746-0440

Contact

Affordability Calculator

$8,627
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$930
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5273812 Elementary School
4101237 Middle School
Perf Arts & Tech High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$1,250,000 Listed Price

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651 Barbey Street, Brooklyn, NY, 11207 is a Commercial Property for sale at $1,250,000 with 6,150 sqft and a lot size of 0.06. 651 Barbey Street was built in 1930. The property's zip code is 11207 which is in Brooklyn, NY