Buy with Yoreevo
$1,228,125
List Price: $1,250,000
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651 Barbey Street
House in East New York •  building info
studio • 2,500ft² $500 per ft²
Buy with Yoreevo

$1,228,125

List Price

$1,250,000

Key Details
Listed today
Last price change
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Estimated payment
$7,675/mo
Taxes
$930/mo
Maintenance
N/A
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,250,000
Asking Price: $1,250,000
Term
30 Years
Down Payment
$125,000 (10%)
Min: 10% (125,000)
Rate
6.0 %
Mortgage Amount
$1,125,000
Mortgage Payment
$6,745
Taxes
$930
Estimated Yoreevo rebate
$21,875
Estimated closing cost
$46,000
Total monthly cost $7,675
Buy your dream home with us and get an estimated $21,875 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Douglas Elliman

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