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66 Patchen Avenue , Brooklyn, NY 11221

$3,180,000

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New to the Market

BEDS0 BATHS MLS#1011513

STATUSActive PROPERTY TYPECommercial - SCHOOLBrooklyn 16

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Property Description

Investor Delight! This updated 4 Story Brick 8 Unit Multi-family is between Bushwick & Bedford Stuyvesant near J & Z subway station. It contains 22 bedrooms and 13 bathrooms, all occupied with 5 free-market rent and 3 Rent Stabilized units, 5 of the free-market was Fully Gut Renovated & New Roof around 2018, also the common area was updated, new intercom system, new kitchen, dishwasher & new separate AC/Heat systems . This Is High Income Building, around 7% Cap Rate return, Yearly Income $265,640, Expenses $42,800 , and NOI $222,340. Building Size:30X73.33

66 Patchen Avenue | MLS# 1011513

This commercial property located at 66 Patchen Avenue , Brooklyn, NY 11221 is currently listed for sale with an asking price of $3,180,000. Patchen Avenue is located within the Brooklyn 16 school district. Search Brooklyn real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Full, Partially Finished, Storage Space

Basement: Yes

Cooling: Electric, ENERGY STAR Qualified Equipment, Multi Uni

Heating: Electric, ENERGY STAR Qualified Equipment

Home Style: Mid Rise

Lot Size: 0.07 Acres

Stories: 4.0

Taxes: $14,579

Year Built: 1931

Feature Descriptions

Appliances: Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Stainless Steel Appliance(s)

Building Area Total: 8800

Cap Rate: 7

Days on Site: 1

Exterior: Brick

Flooring: Wood

On Market Date: 2026-06-10

Parcel Number: 01627-0050

Parking Features: On Street

Property Attached Y/N: 1

Rental Term: Monthly

Seller Concession: Yes

Separate Electric Meters: 9

Separate Gas Meters: 8

Sewer: Public Sewer

Units: 8

Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Water: Public

Local Schools

High School: Boys And Girls High School

Middle School: Madiba Prep Middle School

Elementary School: Ps 309 George E Wibecan Prep

School District: Brooklyn 16

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55 Northern Blvd
Greenvale, NY 11548

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66 Patchen Avenue , Brooklyn, NY 11221

Property Description

66 Patchen Avenue | MLS# 1011513

Property Features

Feature Descriptions

Local Schools

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66 Patchen Avenue , Brooklyn, NY 11221

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