Renovated Three-Bedroom Income
For Sale
Contact for pricing
1-3690 Shore Pkwy, Brooklyn, NY 11228
Furnished apartment with updated finishes, natural light, and flexible month-to-month occupancy terms.
Property Size1,000 SF
Price / SF$10
Days on Market255
Property Features for 1-3690 Shore Pkwy
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3BR
Multifamily Units
1
Additional Details
Furnished
Yes
Listing Agency:
Allure NY Properties
Listed By:
Orian Hakmon
(718) 200-8511
Source:
Exprealty
Added: Feb 17
Changed: Oct 25
Last Checked: Oct 28 at 9:05AM
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 Allure NY Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully renovated three-bedroom apartment offers 1000 square feet of furnished residential space with hardwood flooring throughout the living areas. The kitchen and bathrooms feature tile finishes, while granite countertops add an updated material detail. Natural sunlight reaches the interior throughout the day.
The property is located at 1-3690 Shore Pkwy in Brooklyn, near Sheepshead Bay Road and just off the Belt Parkway. Parking may be available upon request. A month-to-month arrangement is supported, and all utilities are included.
The property is located at 1-3690 Shore Pkwy in Brooklyn, near Sheepshead Bay Road and just off the Belt Parkway. Parking may be available upon request. A month-to-month arrangement is supported, and all utilities are included.
Key Highlights
- Fully renovated three‑bedroom apartment with 1000 square feet of space
- Furnished interior with hardwood floors
- Tiled kitchen and bathrooms with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,580
$610.6K
Cap Rate 7%
$436,129
$436.1K
Cap Rate 9%
$339,211
$339.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$56.6K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$55.5K $55.51/SF
− OpEx
−$25.0K −$24.98/SF
NOI
$30.5K $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%
$610,580
Cap Rate 7%
$436,129
Cap Rate 9%
$339,211
Alternative Uses
Best Use
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 305.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 579.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished apartment with updated finishes, natural light, and flexible month-to-month occupancy terms.
Where is this residential income property located?
The property is located at 1-3690 Shore Pkwy Brooklyn, NY.
What are key features of this property?
This property features: Fully renovated three‑bedroom apartment with 1000 square feet of space; Furnished interior with hardwood floors; Tiled kitchen and bathrooms with granite countertops
