Three-Bedroom Residential Income
For Sale
Contact for pricing
1-1763 W 1st St, Brooklyn, NY 11231
The six-room apartment has updated windows, a detached garage option, and a tenant-paid electricity arrangement.
Property Size1,400 SF
Price / SF$2.50
Days on Market16
Property Features for 1-1763 W 1st St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
1
Listing Agency:
Metro Realty Professionals
Listed By:
Jian (Carey) Yang
(718) 838-2600
Source:
Exprealty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 28 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Realty Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400-square-foot, six-room apartment in Gravesend includes three bedrooms, a dining room, and a large living room. Hardwood flooring runs throughout, and the kitchen has granite countertops. The oversized primary bedroom features two walk-in closets, with additional closet storage elsewhere in the unit. The bathroom is modern, and the windows have been replaced.
Heat and cooking gas are included; the tenant is responsible for electricity. A parking space and detached garage are available for additional charges. The property is near F and N train service, Kings Highway shopping, restaurants, public schools, and banks.
Heat and cooking gas are included; the tenant is responsible for electricity. A parking space and detached garage are available for additional charges. The property is near F and N train service, Kings Highway shopping, restaurants, public schools, and banks.
Key Highlights
- 1,400‑square‑foot apartment with 6 rooms and 3 bedrooms
- Oversized primary bedroom with two walk‑in closets
- Hardwood flooring throughout and replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,820
$854.8K
Cap Rate 7%
$610,586
$610.6K
Cap Rate 9%
$474,900
$474.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$79.3K $56.64/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$77.7K $55.51/SF
− OpEx
−$35.0K −$24.98/SF
NOI
$42.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,820
Cap Rate 7%
$610,586
Cap Rate 9%
$474,900
Alternative Uses
Best Use
Apartment 5plus
$610.6K
$534.3K – $712.4K
NOI $42,741 @ 7.0% cap · market cap 1,221.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,144 @ 7.0% cap · market cap 2,318.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The six-room apartment has updated windows, a detached garage option, and a tenant-paid electricity arrangement.
Where is this residential income property located?
The property is located at 1-1763 W 1st St Brooklyn, NY.
What are key features of this property?
This property features: 1,400‑square‑foot apartment with 6 rooms and 3 bedrooms; Oversized primary bedroom with two walk‑in closets; Hardwood flooring throughout and replacement windows
