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Multi-Family Apartment Building For Sale

$4,000,000

1666 Dean Street, Brooklyn, NY 11213

Active
Last Updated: 07/28/2026

5.12

Cap Rate

204,661.26

NOI

Details:
Cap Rate:    5.12%
NOI:    $204,661.26
Building Size:    6.689 sqft
Lot Area:    2,679 sqft
Units:    8
Zoning:    R6
Highlights:
  • Transit Oriented. Only three blocks to Utica Ave Subway
  • Fully Free Market Asset
  • Strong In-Place Income
  • New Construction Build
  • Block away from St. John’s Park
Description:

1666 Dean Street is a well-positioned multifamily property located in the heart of Crown Heights, one of Brooklyn’s most dynamic and rapidly evolving residential neighborhoods. Situated between Schenectady and Utica Avenues, the property benefits from exceptional connectivity via the A, C, 3, and 4 subway lines, providing direct access to Downtown Brooklyn, Lower Manhattan, and Midtown. The surrounding area is characterized by a diverse residential population, historic brownstones, neighborhood retail corridors, and a growing collection of restaurants, cafés, and lifestyle-oriented businesses that continue to attract new residents and investment.

Nearby destinations including Prospect Park, the Brooklyn Children’s Museum, Brooklyn Botanic Garden, the Brooklyn Museum, and the Barclays Center further enhance the neighborhood’s appeal while supporting strong long-term residential demand. With continued public and private investment throughout Central Brooklyn, limited multifamily supply, and strong demographic fundamentals, 1666 Dean Street represents an outstanding opportunity to acquire a well-located asset in one of New York City’s most resilient and steadily appreciating residential markets.

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Documents:
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Offering Memorandum
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