Residential Income Property with Outdoor
For Sale
$1,050,000
101 BATTERY Avenue 2A, Brooklyn, NY 11209
Three-bedroom condominium with private exterior areas, deeded parking, basement storage, and contemporary interior finishes.
Property Size1,350 SF
Price / SF$777.78
Days on Market36
Property Features for 101 BATTERY Avenue 2A
General Information
Standard status
Active
Size
1,350 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Public Transit
Yes
Amenities
private outdoor areas
deeded parking spot
private basement storage
central air and heat
laundry closet with washer and dryer hookup
Building Details
Building Size
1,350 SF
Year Built
2018
Listing Agency:
SOLDANO REALTY
(718) 333-5233
Listed By:
Daniel J Soldano
(718) 333-5233
Source:
Carlinwright
Added: Jul 8
Changed: Aug 11
Last Checked: Aug 11 at 1:03PM
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 SOLDANO REALTY
Investment Insights
Based on property information with market context.
This 2018 residential income property is a three-bedroom, two-bathroom condominium within a six-unit building. Approximately 1,350 square feet of interior space includes an open living and dining area, a contemporary kitchen with quartz waterfall island, stainless steel appliances, marble backsplash, and extensive cabinetry. Gray oak flooring, recessed LED lighting, oversized windows, and a built-in window seat with bookshelves add to the interior finish package. The primary bedroom includes an en suite marble bathroom and access to a private rear balcony.
The home also provides a covered front porch, central air and heat, a laundry closet with washer and dryer hookup, a deeded parking spot, and private basement storage. Several windows offer partial views of the Verrazzano-Narrows Bridge. The property is near John Paul Jones Park, the Shore Road promenade, waterfront parks, Dyker Beach Golf Course, and the restaurants, cafes, bakeries, and shops along Third and Fifth Avenues. R train service, express buses to Manhattan, and major roadways are nearby.
The home also provides a covered front porch, central air and heat, a laundry closet with washer and dryer hookup, a deeded parking spot, and private basement storage. Several windows offer partial views of the Verrazzano-Narrows Bridge. The property is near John Paul Jones Park, the Shore Road promenade, waterfront parks, Dyker Beach Golf Course, and the restaurants, cafes, bakeries, and shops along Third and Fifth Avenues. R train service, express buses to Manhattan, and major roadways are nearby.
Key Highlights
- 2018 construction in a six‑unit condominium building
- Approximately 1,350 square feet with 3 bedrooms and 2 bathrooms
- Two private outdoor areas: covered front porch and rear balcony
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,280
$824.3K
Cap Rate 7%
$588,771
$588.8K
Cap Rate 9%
$457,933
$457.9K
Market Conditions
NOI Build-Up for 1,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.5K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$74.9K $55.51/SF
− OpEx
−$33.7K −$24.98/SF
NOI
$41.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,280
Cap Rate 7%
$588,771
Cap Rate 9%
$457,933
Alternative Uses
Best Use
Apartment 5plus
$588.8K
$515.2K – $686.9K
NOI $41,214 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$978.1K – $1.30M
NOI $78,246 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,237
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with private exterior areas, deeded parking, basement storage, and contemporary interior finishes.
Where is this residential income property located?
The property is located at 101 BATTERY Avenue 2A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2018 construction in a six‑unit condominium building; Approximately 1,350 square feet with 3 bedrooms and 2 bathrooms; Two private outdoor areas: covered front porch and rear balcony
