Residential Income Property with Alcove
For Sale
$385,000
105 Ashland Place 2E, Brooklyn, NY 11201
Bright studio residence with a separate alcove, updated kitchen, generous storage, and full-service cooperative amenities.
Property Size421 SF
Price / SF$914.49
Days on Market116
Property Features for 105 Ashland Place 2E
General Information
Standard status
Active
Size
421 SF
Property subtype
Apartment
Units
Unit Mix
1 x alcove studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour gated security
on-site management
laundry facilities
bike storage
community/media room
playground
landscaped common gardens
Building Details
Building Size
421 SF
Year Built
1957
Listing Agency:
Compass
Listed By:
Enilolobo Malika Oyo
(917) 407-8840
Source:
Nilelundgren
Added: May 16
Changed: Sep 6
Last Checked: Sep 8 at 10:24AM
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 Compass
Investment Insights
Based on property information with market context.
Residence 2E is an alcove studio in the Kingsview Cooperative, with an entry foyer, separate flexible alcove, main living area, and windowed eat-in kitchen. The kitchen includes white shaker cabinetry, granite counters, stainless steel appliances, pantry storage, and a prep or bar area. Additional features include parquet flooring, oversized windows, a renovated bathroom with a soaking tub and shower, double wardrobe storage, and a linen closet. The building was constructed in 1957.
Building amenities include 24-hour gated security, on-site management, laundry facilities in every building, bike storage, a community and media room, playground, and landscaped common gardens. Parking and storage are available from a waitlist.
The property is at 105 Ashland Place in Brooklyn, one block from Fort Greene Park. Nearby destinations named in the property information include City Point, BAM, Barclays Center, Pratt Institute, and Downtown Brooklyn. Subway service includes the 2, 3, 4, 5, A, C, B, D, G, N, Q, and R trains, with the LIRR at Atlantic Terminal.
Building amenities include 24-hour gated security, on-site management, laundry facilities in every building, bike storage, a community and media room, playground, and landscaped common gardens. Parking and storage are available from a waitlist.
The property is at 105 Ashland Place in Brooklyn, one block from Fort Greene Park. Nearby destinations named in the property information include City Point, BAM, Barclays Center, Pratt Institute, and Downtown Brooklyn. Subway service includes the 2, 3, 4, 5, A, C, B, D, G, N, Q, and R trains, with the LIRR at Atlantic Terminal.
Key Highlights
- Alcove studio with entry foyer and flexible office, dressing, reading, or storage area
- Windowed eat‑in kitchen with shaker cabinetry, granite counters, stainless steel appliances, pantry, and prep or bar area
- Oversized windows, parquet floors, double wardrobe closet, and additional linen/storage closet
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
$12,853
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
3.34%
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%
$257,060
$257.1K
Cap Rate 7%
$183,614
$183.6K
Cap Rate 9%
$142,811
$142.8K
Market Conditions
NOI Build-Up for 421 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
$23.8K $56.64/SF
− Vacancy
−$477 −$1.13/SF
EGI
$23.4K $55.51/SF
− OpEx
−$10.5K −$24.98/SF
NOI
$12.9K $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%
$257,060
Cap Rate 7%
$183,614
Cap Rate 9%
$142,811
Alternative Uses
Best Use
Apartment 5plus
$183.6K
$160.7K – $214.2K
NOI $12,853 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$348.6K
$305.0K – $406.7K
NOI $24,401 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright studio residence with a separate alcove, updated kitchen, generous storage, and full-service cooperative amenities.
Where is this residential income property located?
The property is located at 105 Ashland Place 2E Brooklyn, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Alcove studio with entry foyer and flexible office, dressing, reading, or storage area; Windowed eat‑in kitchen with shaker cabinetry, granite counters, stainless steel appliances, pantry, and prep or bar area; Oversized windows, parquet floors, double wardrobe closet, and additional linen/storage closet
