Renovated Two-Bedroom
For Sale
Contact for pricing
1-731 Sheffield Ave, Brooklyn, NY 11207
A private-home apartment layout features generous living areas and included heat and hot water.
Property Size3,090 SF
Price / SF$0.91
Days on Market56
Property Features for 1-731 Sheffield Ave
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,980
Listing Agency:
Excell Choice Realty
Listed By:
Gale L. Warner
(718) 705-4646
Source:
Exprealty
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 28 at 2:51PM
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 Excell Choice Realty
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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 renovated apartment offers two bedrooms and one bathroom within a private-house setting. Hardwood flooring runs throughout, with closet storage and large bedrooms alongside a spacious living room and kitchen. The 3,090-square-foot property is on Sheffield Avenue in Brooklyn, New York.
Heat and hot water are included. Nearby amenities are noted, without further detail.
Heat and hot water are included. Nearby amenities are noted, without further detail.
Key Highlights
- Two bedrooms and one bathroom
- Renovated interior with hardwood flooring throughout
- Private‑house setting with closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,334
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,680
$1.9M
Cap Rate 7%
$1,347,629
$1.3M
Cap Rate 9%
$1,048,156
$1.0M
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$175.0K $56.64/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$171.5K $55.51/SF
− OpEx
−$77.2K −$24.98/SF
NOI
$94.3K $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%
$1,886,680
Cap Rate 7%
$1,347,629
Cap Rate 9%
$1,048,156
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,334 @ 7.0% cap · market cap 3,369.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $179,096 @ 7.0% cap · market cap 6,396.29%
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
6,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A private-home apartment layout features generous living areas and included heat and hot water.
Where is this residential income property located?
The property is located at 1-731 Sheffield Ave Brooklyn, NY.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Renovated interior with hardwood flooring throughout; Private‑house setting with closet storage
