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651 Barbey Street, Brooklyn NY 11207
New York>Brooklyn>New Lots

651 Barbey StreetBrooklyn, NY 11207

For Sale

$1,250,000

Smart Buyer Rebate $15,625

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.

Listed by James Y. Chung

·

Douglas Elliman Real Estate

·

516-746-0440

Last updated March 16, 2026

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Source: OneKey #972353

Listing Facts

  • TypeMulti-family
  • NeighborhoodNew Lots
  • Bedrooms14
  • Bathrooms6
  • Days on Prevu19
  • Taxes$11,161.4/year

Location

Mortgage Calculator

Listing History

03/16/2026
Listed by Douglas Elliman Real Estate
$1,250,000

Estimated Closing Costs

Total
$46,875
Attorney Fees
$4,000
NYC Mansion Tax
$12,500
Title Insurance
$5,625
Bank Attorney
$1,500
Mortgage Recording Tax
$19,250
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,250,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 651 Barbey Street

Exterior

Construction

  • Number Of Units Total: 6
  • Property Attached: Yes
  • Year Built: 1930
  • Construction Materials: Brick

Measurements

  • Building Area Total: 6,150
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Dimensions: 25,100
  • Lot Size Square Feet: 2,500

Financial

Residential Income

  • Cap Rate: 7.0

Taxes

  • Parcel Number: 04077-0008
  • Tax Annual Amount: $11,161.40
  • Tax Assessed Value: $89,729.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Other

Rooms

  • Basement: Full
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 14

Other

Location

  • Tax Block: 4077
  • Tax Lot: 0008

Schools

Elementary School

  • Elementary School: Ps 13 Roberto Clemente
  • Elementary School District: Brooklyn 19

High School

  • High School: Perf Arts & Tech High School
  • High School District: Brooklyn 19

Middle or Junior School

  • Middle Or Junior School: Jhs 292 Margaret S Douglas
  • Middle Or Junior School District: Brooklyn 19

Utilities

Equipment

  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 14 bedrooms and 6 bathrooms in this multi-family home at 651 Barbey Street.

What schools are nearby to 651 Barbey Street?

Nearby schools include the Ps 13 Roberto Clemente Elementary School, Jhs 292 Margaret S Douglas Middle School, and Perf Arts & Tech High School.

What are the annual taxes for 651 Barbey Street?

Annual taxes for this multi-family home are estimated at $11,161.

How does 651 Barbey Street compare to other multi-family homes in New Lots?

This multi-family home is listed 25% above the average price for multi-family homes in New Lots and has been on the market for 83 less days than the typical home in this area.

651 Barbey Street is a 14-bedroom, 6-bath multi-family home for sale in Brooklyn NY 11207. On Prevu for 19 days at $1,250,000. This residence is located in New Lots. The median listing price for multi-family homes in this area is $956,000. Nearby schools include Ps 13 Roberto Clemente Elementary School, Jhs 292 Margaret S Douglas Middle School, and Perf Arts & Tech High School. Explore more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.