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1729 67th St 59 Unit Apartment Building $6,900,000 ($116,949/Unit) 8.19% Cap Rate Brooklyn, NY 11204
Investment Highlights
- Well Maintained 7.8% Cap
- $112/sf
- 59 Units | 61,740 sf
- 9.8 Cash on Cash
Executive Summary
1729 67th Street is a beautifully maintained 59-unit, rent-stabilized multifamily building with a very strong 8.2% day-1 cap rate and only asking $112/sf and $117k/unit. These are extremely attractive metrics. Beyond its metrics, the property benefits from being located just steps from the N and D subway lines, offering direct access to Manhattan and strong connectivity throughout Brooklyn.
The property has been exceptionally well-maintained over time and features extremely clean common areas and solid building systems throughout. It is a stable, orderly asset with a level of cleanliness and maintenance that stands out within the submarket. Investors are acquiring true in-place yield on day one with minimal arrears.
In addition, there is very competitive financing available, which can support approximately 10.8% cash-on-cash returns based on the current income and structure. The combination of scale, strong physical condition, excellent transit access, and an 8.2% going-in cap presents a compelling opportunity to secure stable cash flow at an attractive entry point in today’s market.
The property has been exceptionally well-maintained over time and features extremely clean common areas and solid building systems throughout. It is a stable, orderly asset with a level of cleanliness and maintenance that stands out within the submarket. Investors are acquiring true in-place yield on day one with minimal arrears.
In addition, there is very competitive financing available, which can support approximately 10.8% cash-on-cash returns based on the current income and structure. The combination of scale, strong physical condition, excellent transit access, and an 8.2% going-in cap presents a compelling opportunity to secure stable cash flow at an attractive entry point in today’s market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,900,000 | Property Subtype | Apartment |
| Price Per Unit | $116,949 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.19% | Lot Size | 0.47 AC |
| Gross Rent Multiplier | 6.8 | Building Size | 61,740 SF |
| No. Units | 59 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | R5 | ||
| Price | $6,900,000 |
| Price Per Unit | $116,949 |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| Gross Rent Multiplier | 6.8 |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 61,740 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | R5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 59 | - | 450 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05560-0073 | Total Assessment | $1,110,150 |
| Land Assessment | $269,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $841,050 | Tax Year | 2025 |
Property Taxes
Parcel Number
05560-0073
Land Assessment
$269,100
Improvements Assessment
$841,050
Total Assessment
$1,110,150
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Andrew Bronsteen -
Shaun Riney -
Julian Perla -
Ariel Asherian -
New York Multifamily
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1729 67th St
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